MAE302 - Macroeconomics of Open Economies


2024 unit information

Enrolment modes: Trimester 1: Burwood (Melbourne), Online
Credit point(s): 1
EFTSL value: 0.125

MAE120, MAE203 or MAT203

Corequisite: Nil
Incompatible with: Nil
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 each week and 1 x 1 hour online seminar in weeks 4, 7 and 10.


This unit will offer an in-depth exploration of macroeconomics of open economies. Understanding the economic framework and policy behind international economics is crucial for comprehending the dynamics of the global economy and the complex interactions between nations. Throughout this unit, you will gain valuable insights into various aspects of open economies, including the prediction of exchange rate fluctuations, the rationale behind a country's choice of fixed or floating exchange rates, the implementation of monetary policy by the Reserve Bank to control inflation, and the utilisation of fiscal policy by the Treasury to foster economic growth. Furthermore, we will delve into the analysis and discussion of significant events, such as the East Asian Financial Crisis and the Trade War to enable you to develop a comprehensive understanding of international economics and its real-world implications. Prepare yourself for an enlightening journey as we delve into the theories, policies, and events that shape the global economic landscape.

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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For further information regarding tuition fees, other fees and charges, invoice due dates, withdrawal dates, payment methods visit our Current Students website.