Beginner’s guide to macroeconomics for the public sector
Summary
This course goes back to basics on macroeconomics and builds a framework for thinking about how the economy works, how the financial system works, how labour markets work, how product markets work, and the role of government in stabilising the economy. There is no math. There are no equations.
This course will discuss the role of Australia in the global economy and the role of trade in the global economy. Beginning with a thorough examination of the idea of well-being: How should we measure it? How should government objectives be targeted towards well-being? What does the macro-economy have to do with well-being? From there, an extensive examination of key macro-economic statistics including gross domestic product and inflation will be undertaken. The role of key institutions such as the Reserve Bank of Australia in managing the national economy will be discussed as well as the relationship between economic growth, environmental sustainability, productivity and innovation. What exactly is the role of government in each of these areas?
See related courses: Beginner’s guide to microeconomics for the public sector and Beginner’s guide to economics for the public sector.
This course will run as an online and distance program in 2025. It is scheduled to run across three weeks 20 March - 3 April 2025 with a course orientation / meet and greet on 27 February. Specific dates and times to note in your diary are as follows:
- 11am-12pm Thursday 25 February 2025 – course introduction/meet and greet session
- 2pm-3:30pm Thursday 20 March 2025
- 2pm-3:30pm Thursday 27 March 2025
- 2pm-3pm Thursday 3 April 2025
Note: Dates and times are in Canberra time (AEDT). The calendar invite for each session should automatically adjust to your timezone when you add it to your calendar. You can check at a site like this to be sure.
Contact csee@anu.edu.au to find out more.
Before/by 20 February 2025: $1,195
After 20 February 2025: $1,495
OR
$2,195 for enrolment in the Series (saving $195 off the price of purchasing each day separately)
Group discounts available.
Course overview
The challenges facing economies have never been greater: stagnant living standards, weak wages growth, weak investment, weak inflation, rising inequality, rising debt and precarious employment. Then Covid-19 hit. This once-in-100-year pandemic is sending unemployment into the double-digits. Government debt has ballooned as living standards, wages and investment fall even further. Inequality has worsened, businesses have collapsed, household savings have been wiped out.
There has never been a more exciting and more important time to study macroeconomics. If the father of macroeconomics, John Maynard Keynes, was correct that economic extremes lead to political extremes, then economists have limited time within which they can solve these problems before things get worse. There is no shortage of policy prescriptions being recommended, but which are correct?
This course goes back to basics on macroeconomics and builds a framework for thinking about how the economy works, how the financial system works, how labour markets work and how product markets work. It explores the role of government in stabilising the economy and financial system and setting the conditions for long-run growth in living standards. There is no maths. There are no equations. The course is taught as a series of practical case studies, moving from one real world challenge to the next, building our understanding and framework for thinking about the economy as we go.
Whether you work in government, the private sector, not-for-profits or international organisations, a foundational understanding of macroeconomics in the current environment is vital. The course is taught entirely online to make it as accessible as possible, with the primary focus on making the course engaging and interactive. We hope you enjoy it.
Who should attend?
This course is designed for individuals at any level of their career who are interested in gaining a deeper understanding of basic economics and its usefulness and application to policy issues. The course is designed for those with no economics background.
Online training: How it works
This is a real-time, date-specific course, in which you will join live classes, engage and connect with experts, other course participants and the Executive Education team. Here’s how it works:
- Pre-course live session. This is an opportunity for you to grab a cuppa and join our meet and greet before the course commences.
- Practice + Study. Set aside up to 2 hours per day – this time commitment will vary depending on how deeply you choose to engage with the material. It is up to you.
- Course pack. Each participant will receive a carefully curated workbook, which includes everything you need to guide you through the course.
- Live sessions with presenter. This is a specified date and time for you to come together with the presenter and other participants to consolidate your learning.
- Post-course. On completion of the course, you will receive your post-course resources for your reference and further learning.
Why choose online training?
- No time off work – study and practice when you can.
- Busy schedule? No problem, you can go at your own pace, join just the live classes, and do the course work whenever suits you best. We know that work and family obligations can be overwhelming. Mix and match the schedule to fit your life.
- No travel. This is a course right at your fingertips. With no travel expenses, this is a very affordable option for high-level training with world-leading experts.
- Live interaction with world-leading experts. You’ll have direct access to all the best resources and trainers.
- Working remotely? With the online and distance format, we welcome participants from around the world to join us.
FAQs
What if I can’t make a live session? No problem, we understand you are busy. Live sessions are recorded for you to catch up in your own time.
What if I’m in a different time zone? All advertised course times from 6th October 2024 to 6th April 2025 are scheduled in Australian Eastern Daylight Time (AEDT) otherwise known as GMT+11. From 6th April 2025 scheduled times are Australian Eastern Standard Time (AEST) or GMT+10. Convert for your time zone here.
What if I am not tech savvy? As long as you have access to a phone or computer, you will have no problems. Our online courses require a working laptop, desktop or smart device with good internet connection. Bring your headset. Join the tech-check session for support and insider tips.
I would like to purchase multiple courses, are there any discounts available? Yes, discount offers are available if you would like to book multiple courses throughout the year. You may contact us to discuss further options.
I work for a company or organisation that would like to enrol multiple employees in the same time. Is it possible? Yes, discounted rates are available for groups attending from the same organisation. Get in touch with us if you want to register as a group.
Can’t find the answers are you looking for? Contact our team for support at csee@anu.edu.au.
Course presenter(s)
Dr Adam Triggs
Dr Adam Triggs is the senior manager in the Canberra office of the economics consulting firm, Alphabeta, and is a non-resident fellow at the Brookings Institution in Washington DC. He holds bachelors degrees in law and economics, a masters degree in international economics and a PhD in economics from the Australian National University.
Updated: 6 December 2024/Responsible Officer: Crawford Engagement/Page Contact: CAP Web Team