MAE312 - National Economic Policy

Year:

2021 unit information

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

MAE202

EFTSL value: 0.125
Prerequisite:

MAE101, MAE203

Corequisite: Nil
Incompatible with: MAE202
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

Warrnambool students only: 1 x 2 hour seminar per week

Scheduled learning activities - cloud (online)

Online independent and collaborative learning activities including 3 scheduled online seminars

Content

This unit will dig deeper into the realm of Macroeconomics. After a brief introduction to national accounts, you will learn Robert Solow’s Nobel prize-winning model of economic growth. You will then explore the power of monetary and fiscal policy using the IS-LM model, and the causes and effects of economic fluctuations in the context of the aggregate demand and aggregate supply framework. You will also examine two of the most important events in the Macroeconomic history: The Great Depression in the 1930s that put millions of people into poverty, unemployment, and misery, and the Global Financial Crisis of 2008-10 that originated from the U.S. and quickly rippled across the world. Finally, you will get a glimpse of how the Reserve Bank conducts monetary policy in Australia. 

Hurdle requirement

Hurdle requirement: achieve at least 50% of the marks available on the examination

Unit Fee Information

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