MAE312 - National Economic Policy
Unit details
| Year: | 2021 unit information |
|---|---|
| Important Update: | Unit delivery will continue to be provided in line with the most current COVIDSafe health guidelines. This may include a mix of on-campus and online activities. To find out how you are impacted, please check your unit sites for announcements and updates. Unit sites open one week prior to the start of each Trimester/Semester. Thank you for your flexibility and commitment to studying with Deakin in 2021. Last updated: 4 June 2021 |
| Enrolment modes: | Trimester 1: Burwood (Melbourne), Waterfront (Geelong), Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Previously coded as: | MAE202 |
| Unit Chair: | Trimester 1: Yan Liang |
| Prerequisite: | MAE101, MAE203 |
| Corequisite: | Nil |
| Incompatible with: | MAE202 |
| 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 Warrnambool students only: 1 x 2 hour seminar per week |
| Scheduled learning activities - cloud: | 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.
| ULO | These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: | Deakin Graduate Learning Outcomes |
|---|---|---|
| ULO1 | Apply macro-economic theory to analyse contemporary economic issues. | GLO1: Discipline-specific knowledge and capabilities |
| ULO2 | Consider issues relating to long run economic growth and cross-country income differences. | GLO1: Discipline-specific knowledge and capabilities |
| ULO3 | Evaluate models for analysing short run economic fluctuations. | GLO1: Discipline-specific knowledge and capabilities |
| ULO4 | Have understanding of the role of monetary and fiscal policy. | GLO1: Discipline-specific knowledge and capabilities |
| ULO5 | Have knowledge of and evaluate models of inflation and unemployment. | GLO1: Discipline-specific knowledge and capabilities |
| ULO6 | Analyse the different approaches towards macroeconomics and their implications for policy. | GLO2: Communication |
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
| Assessment 1: Test (Online/In Class) | 20% | Week 6 | |
| Assessment 2: Written Assignment | 1,500 words | 20% | Week 10 |
| Examination | 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 50% 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: MAE312 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
Click on the fee link below which describes you: