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MAE307 - Economic Policy and Practice


2020 unit information

Important Update:

Classes and seminars in Trimester 2, 2020 will be online.

Last updated: 2 June 2020

Enrolment modes:Trimester 2: Burwood (Melbourne), Waterfront (Geelong), Cloud (online)
Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 2: Aaron Nicholas
Previously:Techniques for Business and Economic Analysis

Successful completion of MAE201, MAE203 and MAE256 plus one unit from either MAE301, MAE304, MAE305, MAE306 or MAE312

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.

Scheduled learning activities - campus:

 1 x 3 hour workshop per week

Scheduled learning activities - cloud:

Online independent and collaborative learning activities including 3 scheduled online seminars


Online teaching methods require internet access. Please refer to the most current computer specifications.


This unit will provide a capstone experience for students doing an Economics major. It will focus on the integration of knowledge from across the economics major and the consolidation of key skills. It will also provide the opportunity for students to develop their professional identity and enhance the transition of students to the workplace. The emphasis will be on skills economists use in the workplace, such as cost-benefit analysis and policy analysis. These skills cut-across both the government and private sector and are assessed in the unit through team-based research reports.


These are the Learning Outcomes (ULO) for this Unit
At the completion of this Unit, successful students can:

Deakin Graduate Learning Outcomes


Frame problems in terms of core economic concepts and principles and apply economic reasoning and analytical skills in order to make informed judgements and recommendations.

GLO1: Discipline-specific knowledge and capabilities
GLO2: Communication
GLO4: Critical thinking
GLO7: Teamwork


Demonstrate understanding of the professional role and responsibilities of economists in society.

GLO1: Discipline-specific knowledge and capabilities
GLO2: Communication
GLO6: Self-management


Reflect on the nature and implications of assumptions and value judgements in economic analysis and policy.

GLO1: Discipline-specific knowledge and capabilities
GLO2: Communication
GLO4: Critical thinking
GLO8: Global citizenship


These Unit Learning Outcomes are applicable for all teaching periods throughout the year


Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week 
Assessment 1: Individual professional identity   10% Week 5

Assessment 2 -

Part A - Group assignment (Group of 3) - Presentation (In class (on-campus/ online (cloud))
Part B - Group assignment (Group of 3) - Report

Part A: 12 minutes
Part B: up to 2000 words

Part A: 10%
Part B: 25%

Week 7

Assessment 3:

Part A (individual): Take-home test

Part B (group of 3): Report



Part B: up to 2000 words


Part A: 30%
Part B: 25%

Part A: Week 10

Part B:
Week 11

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 assessment 3 as a whole (3A+3B). Successfully complete the professional literacy module to gain access to the assignment dropbox.

Learning Resource

Texts and reading lists for units can be found on the University Library via the following link. 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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