MAE312 - National Economic Policy
Unit details
| Year: | 2022 unit information |
|---|---|
| Enrolment modes: | Trimester 1: Burwood (Melbourne), Waterfront (Geelong), Online |
| Credit point(s): | 1 |
| Previously coded as: | MAE202 |
| EFTSL value: | 0.125 |
| 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 macroeconomic theories to analyse contemporary economic issues | GLO1: Discipline-specific knowledge and capabilities GLO8: Global citizenship |
| ULO2 | Explain the sources of economic growth and cross-country income differences | GLO1: Discipline-specific knowledge and capabilities |
| ULO3 | Explain the effects of monetary and fiscal policy on output, inflation, and unemployment | GLO1: Discipline-specific knowledge and capabilities |
| ULO4 | Explain how central banks conduct monetary policy in practice | GLO1: Discipline-specific knowledge and capabilities |
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: (Individual) Online Multiple Choice Quiz | 1 hour | 20% | Week 6 |
| Assessment 2: (Individual) Problem Based Written Assignment | 1500 words | 20% | Week 10 |
| 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 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: