MAE312 - National Economic Policy
Unit details
| Year: | 2024 unit information |
|---|---|
| Enrolment modes: | Trimester 1: Burwood (Melbourne), Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Previously coded as: | MAE202 |
| Unit Chair: | Trimester 1: Debdulal Mallick |
| Prerequisite: | MAE101, MAE203 |
| Corequisite: | Nil |
| Incompatible with: | MAE202 |
| 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 dig deeper into the realm of Macroeconomics. After a brief introduction to national accounts, you will learn Robert Solow’s Nobel prize-winning model of economic growth. You will then explore the power of monetary and fiscal policy using the IS-LM model, and the causes and effects of economic fluctuations in the context of the aggregate demand and aggregate supply framework. You will also examine two of the most important events in the Macroeconomic history: The Great Depression in the 1930s that put millions of people into poverty, unemployment, and misery, and the Global Financial Crisis of 2008-10 that originated from the U.S. and quickly rippled across the world. Finally, you will get a glimpse of how the Reserve Bank conducts monetary policy in Australia.
| 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 macroeconomic theories to analyse contemporary economic issues. | GLO1: Discipline-specific knowledge and capabilities GLO8: Global citizenship |
| ULO2 | Explain the sources of economic growth and cross-country income differences. | GLO1: Discipline-specific knowledge and capabilities |
| ULO3 | Explain the effects of monetary and fiscal policy on output, inflation, and unemployment. | GLO1: Discipline-specific knowledge and capabilities |
| ULO4 | Explain how central banks conduct monetary policy in practice. | GLO1: Discipline-specific knowledge and capabilities |
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1: (Individual) Online Multiple Choice Quiz | 1 hour | 20% | Week 6 |
| Assessment 2: (Individual) Problem Based Written Assignment | 1500 words | 20% | Week 10 |
| 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.
Hurdle requirement
Hurdle requirement: Achieve at least 50% 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.
Learning Resource
The texts and reading list for the unit can be found on the University Library via the link below: MAE312 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
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