MAE203 - The Global Economy
Unit details
Year: | 2020 unit information |
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Important Update: | Classes and seminars in Trimester 3, 2020 will be online. Last updated: 5 October 2020 |
Enrolment modes: | Trimester 1: Burwood (Melbourne), Online Trimester 2: Burwood (Melbourne), Warrnambool, Waterfront (Geelong), Online Trimester 3: Online |
Credit point(s): | 1 |
Previously coded as: | MAE102 |
EFTSL value: | 0.125 |
Unit Chair: | Trimester 2: Omar Bashar Trimester 1: Xueli Tang Trimester 3: Helen Scarborough |
Prerequisite: | Nil |
Corequisite: | Nil |
Incompatible with: | MAE102, MAEM203 |
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 | 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, 7 & 10 | |
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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