2021 unit information
Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.
1 x 2 hour class, 1 x 1 hour seminar per week
Online independent and collaborative learning activities including 3 scheduled online seminars
This unit provides students with an understanding of the Australian economic system within the world economy, and an ability to identify and assess current macroeconomic problems and policies. The unit develops a framework to understand the ways in which the whole economy, or large sectors of the economy work. The major sectors analysed are the household sector, the business sector, the government sector and the international sector. The unit provides insights for evaluating the working and the impacts of monetary and fiscal policy, and how central banks and treasuries conduct such policies. Issues such as economic growth, unemployment, inflation, balance of payments and exchange rates are also examined.
These are the Learning Outcomes (ULO) for this UnitAt the completion of this Unit, successful students can:
Understand, describe and apply key macroeconomic concepts in a global context, including the circular flow of income; national income accounting; income determination; the multiplier; economic growth; economic cycles; the role of money inflation; unemployment and exchange rates.
Obtain, present graphically and interpret data for macroeconomic variables.
Critically analyse the role of monetary and fiscal policy in a globalised economy such as Australia's.
Understand the opportunities for economists in a global context.
These Unit Learning Outcomes are applicable for all teaching periods throughout the yearGLO key: GLO1: Discipline-specific knowledge and capabilities, GLO2: CommunicationGLO3: Digital literacy, GLO4: Critical thinking, GLO5: Problem solving, GLO6: Self-management, GLO7: Teamwork, GLO8: Global Citizenship
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: achieve at least 40% of the marks available on the examination
The texts and reading list for the unit can be found on the University Library via the link below: MAE203 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.
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