• Length:
    4 Weeks
  • Effort:
    2–3 hours per week
  • Price:

    FREE
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  • Institution
    NewcastleX
  • Subject:
    Economics & Finance
  • Level:
    Introductory
  • Language:
    English
  • Video Transcript:
    English
  • Course Type:
    Instructor-led on a course schedule

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About this course

Skip About this course
  • Thinking in a macroeconomic way. What should macroeconomic theory be able to explain? Measurement frameworks.
  • What is Modern Monetary Theory and what are its implications? Why is it the future of macroeconomics?
  • The role of fiscal policy. The path to full employment and price stability. Case studies in unemployment and hyperinflation.
  • Monetary policy design and the role of central banks. How does the banking system operate?
  • Exchange rate systems and international trade. Global financial markets and the State - who is in charge?
  • Policy setting in crises: the challenges of climate change and the pandemic.

What you'll learn

Skip What you'll learn
  • An entry level understanding of the way modern monetary systems operate.
  • An enhanced understanding of the fiscal and monetary policy options available to governments.
  • An awareness of why the standard economic statements in the media about government deficits and debt distort our understanding of the actual constraints that government spending faces.
  • Ways to assess government policy options, for example, in dealing with the pandemic.
  • An appreciation of the issues involved in balancing demands for growth and environmental constraints.

Meet your instructors

The University of Newcastle, Australia
Bill Mitchell
Professor
The University of Newcastle, Australia

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