MAE203 - The Global Economy
Unit details
| Year: | 2023 unit information |
|---|---|
| Enrolment modes: | Trimester 1: Burwood (Melbourne), Online Trimester 2: Burwood (Melbourne), Waterfront (Geelong), Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Previously coded as: | MAE102, MAET102, MEE102, MEEM102, MEET102 |
| Unit Chair: | Trimester 1: Prasad Bhattacharya Trimester 2: Omar Bashar |
| 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 - online: | 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.
| ULO | These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: | Deakin Graduate Learning Outcomes |
|---|---|---|
| ULO1 | Describe and apply key macroeconomic concepts in a global context. | GLO1: Discipline-specific knowledge and capabilities |
| ULO2 | Obtain, present graphically and interpret macroeconomic data. | GLO1: Discipline-specific knowledge and capabilities GLO3: Digital literacy |
| ULO3 | Critically analyse the role of monetary and fiscal policy in a globalised economy such as Australia's. | GLO1: Discipline-specific knowledge and capabilities GLO4: Critical thinking 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) | Weeks 4, 8 & 11 |
| Assessment 2: (Individual) Problem-based Written Assignment | 2000 words | 25% | Week 9 |
| End-of-unit assessment task: Written Response Test | 2 hours | 60% | End-of-unit assessment 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 end-of-unit assessment task to evidence a minimum proficiency in the aligned discipline learning outcomes included in this unit.
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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