MAE203 - The Global Economy


2024 unit information

Enrolment modes: Trimester 1: Burwood (Melbourne), Waterfront (Geelong), Online
Trimester 3: Online
Credit point(s): 1
Previously coded as: MAE102, MAET102
EFTSL value: 0.125

MAE101 or MAE120

Corequisite: Nil
Incompatible with: MAE102, MAEM203, MAT203
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.

Scheduled learning activities - campus

1 x 2 hour on-campus lecture (recordings provided) and 1 x 1 hour on-campus seminar (recordings provided) each week.

Scheduled learning activities - online

1 x 2 hour recorded lecture and 1 x 1 hour online seminar each week.


This intermediate-level Macroeconomics unit builds on the principles of Macroeconomics taught in MAE101. This unit covers important macroeconomics topics, such as business cycles, stabilization policy, economic recession, the natural rate of unemployment, persistent inflation, and the effects of government debt on the economy. The unit starts with Robert Solow’s Nobel prize-winning model that explains economic growth and economic inequality across countries. You will then be gradually introduced to the macroeconomic framework to understand the temporal shifts in GDP, unemployment, and prices and the policies to manage these fluctuations in line with major schools of thought, such as Keynesian way of thinking. Finally, you will learn about applications of this macroeconomic framework to different exchange rate markets. In this unit, case studies will be used to enhance your understanding of recent developments in the global economy, such as the debt and financial crises, global recession, mining and resources boom, the Covid-19 pandemic, rising inflation worldwide, and the housing market crises. Upon completing this unit, you will have understood the macroeconomic foundations of poverty, inequality, unemployment, and sustainable economic development.

Hurdle requirement

Hurdle requirementAchieve at least 40% 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.

Unit Fee Information

Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.

Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.

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