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.
Program Page
See related courses:
- Beginner’s guide to economics for the public sector series
- Beginner’s guide to microeconomics for the public sector
This course takes you through the basic concepts of macroeconomics including: economic output, productivity, growth, inflation, foreign investment and trade. Participants will learn about aggregate economic statistics frequently used by government and media.
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?
Course overview
Topics include:
- The role of Australia in the global economy and the importance of trade.
- Macroeconomic statistics such as GDP and inflation.
- The role of institutions like the Reserve Bank of Australia.
- The relationship between economic growth, environmental sustainability, productivity, and innovation.
- Government’s role in stabilizing the economy.
Learning outcomes:
- Understanding of macroeconomic concepts such as economic output, productivity, inflation, foreign investment, and trade.
- Application of macroeconomic statistics used by governments and media, including GDP and inflation.
- Analysing the role of government in economic stabilisation and setting conditions for long-term growth in living standards.
- Developing a framework for thinking about economic challenges through practical case studies.
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 useful application to policy issues.
This course is designed for those with no economic background.
Testimonials
A greater understanding of economic cycles, inflation, GDP and counter-cyclical government policies stands me in good stead to better understand and analyse market forces and economics surrounding industry sectors.