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MAE905 - Macroeconomic Theory and Policy


2022 unit information

Enrolment modes:

Not offered in 2022

Credit point(s):1
EFTSL value:0.125
Cohort rule:This unit is only available to students enrolled in M800 - Master of Commerce, M820 - Master of Research (Business), M900 - Doctor of Philosophy


Incompatible with:


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 class per week


This unit provides students with foundation knowledge in the area of macroeconomics, by using modern methodologies to study phenomena such as long-run economic growth and fluctuations, the role and impacts of monetary and fiscal policies on outcomes , unemployment, and general price levels. The unit provides a bridge to advanced research, and equips students with the tools to understand the aggregate behaviour of the economy, and to use both theory and measurement to investigate the consequences of various policies on economics outcomes. 

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


Be able to analyse various macro data and understand their implications for macroeconomic performance

GLO1: Discipline-specific 
knowledge and capabilities
GLO4: Critical thinking
GLO5: Problem solving


Determine what factors affect an economy’s GDP per capita and its long-term growth

GLO4: Critical thinking
GLO5: Problem solving


Critically analyse and apply various models of consumption and investment behaviour to economic problems

GLO4: Critical thinking
GLO5: Problem solving


Determine the effectiveness of macroeconomic policies under different conditions

GLO4: Critical thinking
GLO5: Problem solving


Explain the impacts of fiscal policies

GLO2: Communication
GLO4: Critical thinking
GLO5: Problem solving


Apply the macroeconomic theories learned to analyse contemporary economic issues

GLO3: Digital literacy
GLO4: Critical thinking
GLO5: Problem solving
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) Problem Set 2500 words 25% Information not yet available
Assessment 2: (Individual) Problem Set 2500 words 25% Information not yet available
Examination (Closed Book) 3 hours 50% 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 50% 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: MAE905 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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