MAT203 - The Global Economy (Study Tour)
| Year: | 2024 unit information |
|---|---|
| Enrolment modes: | Trimester 2: Study Tour |
| EFTSL value: | 0.125 |
| Prerequisite: | MAE101 or MAE120 |
| Corequisite: | Nil |
| Incompatible with: | MAE203 |
| Study commitment | Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit. This will include educator guided online learning activities within the unit site. |
| Scheduled learning activities - campus | 1 x 1.5-hour lecture (recordings provided) and 1 x 1 hour lecture (recordings provided) and 1 x 1.5 hours seminar (recordings provided) each week for weeks 1-7 and in week 11. Practical Experience 5 x 3 hours (5 places to visit) over a 3 day period and then a 2 day period |
| In-person attendance requirements | The Practical Experience in weeks 8 and 9 requires compulsory in person attendance and participation in the learning activities. In week 9, students will travel to Melbourne (approximately 2 days) via hired bus for those based at Burwood to visit institutions like the Victorian Treasury and Finance. Students will learn about how the state specific macroeconomic policies are determined and complements the Commonwealth decision making processes. |
| Note: | Faculty-led Study Tours are by application only and have limited places available. Applications for this study tour will open in early 2024. In the meantime, please contact the Faculty WIL team at bl-wil@deakin.edu.au for any enquiries. |
Content
This intermediate-level Macroeconomics unit builds on the principles of Macroeconomics taught in MAE101. The unit covers important macroeconomics topics, such as persistent inflation, business cycles, economic recession, the natural rate of unemployment, and the effects of government debt on the overall economy. The unit starts with Robert Solow’s Nobel prize-winning model that explains long run economic growth in countries. You will then be gradually introduced to the macroeconomic framework to understand the shifts in GDP and prices in the short-run and the policies (such as monetary and fiscal policies) to manage these fluctuations in line with major schools of thought, such as the Keynesian way of thinking. Finally, you will learn about applications of this framework to different exchange rate regimes. In this unit, case studies will be used to enhance your understanding of recent macroeconomic developments, such as the debt and financial crises, global recession, mining and resources boom, the Covid-19 pandemic, rising inflation worldwide, and housing market crises. The study tour will provide insights on the working and the impacts of monetary and fiscal policies, and you will learn how central banks and treasuries conduct such policies.
Hurdle requirement
Hurdle requirement: Achieve at least 40% of the marks available on the end of unit assessment task to evidence a minimum proficiency in the aligned discipline learning outcomes included in this unit.
Unit Fee Information
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