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MAE203 - The Global Economy

Year:

2021 unit information

Enrolment modes:Trimester 1: Burwood (Melbourne), Cloud (online)
Trimester 2: Burwood (Melbourne), Warrnambool, Waterfront (Geelong), Cloud (online)
Trimester 3: Cloud (online)
Credit point(s):1
Previously coded as:

MAE102

EFTSL value:0.125
Unit Chair:Trimester 1: Xueli Tang
Trimester 2: Omar Bashar
Trimester 3: Helen Scarborough
Prerequisite:Nil
Corequisite:Nil
Incompatible with: MAE102
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 2 hour class, 1 x 1 hour seminar per week

Scheduled learning activities - cloud:

Online independent and collaborative learning activities including 3 scheduled online seminars

Content

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 Unit
At the completion of this Unit, successful students can:

Deakin Graduate Learning Outcomes

ULO1

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.

GLO1, GLO4

ULO2

Obtain, present graphically and interpret data for macroeconomic variables.

GLO1, GLO3

ULO3

Critically analyse the role of monetary and fiscal policy in a globalised economy such as Australia's.

GLO1, GLO4, GLO8

ULO4

Understand the opportunities for economists in a global context.

GLO6, GLO8

These Unit Learning Outcomes are applicable for all teaching periods throughout the year
GLO key: GLO1: Discipline-specific knowledge and capabilities, GLO2: Communication
GLO3: Digital literacy, GLO4: Critical thinking, GLO5: Problem solving, GLO6: Self-management, GLO7: Teamwork, GLO8: Global Citizenship

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week 
Assessment 1 (individual)-Multiple Choice Quiz (online) x 3   15% (5% each) Week 4, 8 & 11
Assessment 2: (individual) -Problem-based Written Assignment 2,000 words 25% Week 9
Examination (closed book) 2-hours 60% Exam 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 40% of the marks available on the examination

Learning Resource

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.

Unit Fee Information

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