MAE302 - Macroeconomics of Open Economies

Unit details

Year:

2024 unit information

Enrolment modes:Trimester 1: Burwood (Melbourne), Online
Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 1: Xueli Tang
Prerequisite:

MAE120, MAE203 or MAT203

Corequisite:Nil
Incompatible with: Nil
Typical 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.

Educator-facilitated (scheduled) learning activities - on-campus unit enrolment:

1 x 2 hour on-campus lecture (recordings provided) and 1 x 1 hour on-campus seminar (recordings provided) each week.

Educator-facilitated (scheduled) learning activities - online unit enrolment:

1 x 2 hour recorded lecture each week and 1 x 1 hour online seminar in weeks 4, 7 and 10.

Content

This unit will offer an in-depth exploration of macroeconomics of open economies. Understanding the economic framework and policy behind international economics is crucial for comprehending the dynamics of the global economy and the complex interactions between nations. Throughout this unit, you will gain valuable insights into various aspects of open economies, including the prediction of exchange rate fluctuations, the rationale behind a country's choice of fixed or floating exchange rates, the implementation of monetary policy by the Reserve Bank to control inflation, and the utilization of fiscal policy by the Treasury to foster economic growth. Furthermore, we will delve into the analysis and discussion of significant events, such as the East Asian Financial Crisis and the Trade War to enable you to develop a comprehensive understanding of international economics and its real-world implications. Prepare yourself for an enlightening journey as we delve into the theories, policies, and events that shape the global economic landscape.

ULO These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: Deakin Graduate Learning Outcomes
ULO1

Apply macro-economic theory to analyse contemporary economic issues.

GLO1: Discipline-specific knowledge and capabilities

ULO2

Using relevant data, assess and critique public policies concerning open economy issues.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking

ULO3

Explain the working of foreign exchange markets in asset and commodity markets.

GLO1: Discipline-specific knowledge and capabilities

ULO4

Explain the implications of international interdependence for the conduct of national stabilisation policies.

GLO8: Global citizenship

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week
Assessment 1: (Individual) Problem Based Written Assignment 1500 words 20% Week 6
Assessment 2: (Group of 3) Problem Based Written Assignment 2000 words 20% Week 11
End-of-unit assessment task: Written  2 hours 60% End-of-unit assessment period

The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MAE302 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.

Unit Fee Information

Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.

Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.

Use the Fee estimator to see course and unit fees applicable to your course and type of place.

For further information regarding tuition fees, other fees and charges, invoice due dates, withdrawal dates, payment methods visit our Current Students website.