MAE302 - Macroeconomics of Open Economies
Unit details
| Year | 2025 unit information |
|---|---|
| Enrolment modes: | Trimester 1: Burwood (Melbourne), Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Unit Chair: | Trimester 1: Xueli Tang |
| Prerequisite: | MAE120, MAE203 or MAT203 |
| Corequisite: | Nil |
| Incompatible with: | Nil |
| Educator-facilitated (scheduled) learning activities - on-campus unit enrolment: | 1 x 2 hour on-campus lecture (recordings provided) and 1 x 1 hour on-campus seminar (recordings provided) each week. |
| Educator-facilitated (scheduled) learning activities - online unit enrolment: | 1 x 2 hour recorded lecture each week and 1 x 1 hour online seminar in weeks 4, 7 and 10. |
| Typical study commitment: | Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit. This will include educator guided online learning activities within the unit site. |
Content
This unit will offer an in-depth exploration of macroeconomics of open economies. Understanding the economic framework and policy behind international economics is crucial for comprehending the dynamics of the global economy and the complex interactions between nations. Throughout this unit, you will gain valuable insights into various aspects of open economies, including the prediction of exchange rate fluctuations, the rationale behind a country's choice of fixed or floating exchange rates, the implementation of monetary policy by the Reserve Bank to control inflation, and the utilisation of fiscal policy by the Treasury to foster economic growth. Furthermore, we will delve into the analysis and discussion of significant events, such as the East Asian Financial Crisis and the Trade War to enable you to develop a comprehensive understanding of international economics and its real-world implications. Prepare yourself for an enlightening journey as we delve into the theories, policies, and events that shape the global economic landscape.
Learning Outcomes
| ULO | These are the Unit Learning Outcomes (ULOs) for this unit. At the completion of this unit, successful students can: | Alignment to Deakin Graduate Learning Outcomes (GLOs) |
|---|---|---|
| ULO1 | Apply macro-economic theory to analyse contemporary economic issues. | GLO1: Discipline-specific knowledge and capabilities |
| ULO2 | Using relevant data, assess and critique public policies concerning open economy issues. | GLO1: Discipline-specific knowledge and capabilities |
| ULO3 | Explain the working of foreign exchange markets in asset and commodity markets. | GLO1: Discipline-specific knowledge and capabilities |
| ULO4 | Explain the implications of international interdependence for the conduct of national stabilisation policies. | GLO8: Global citizenship |
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1: (Individual) Problem Based Written Assignment | 1500 words | 20% | Week 6 |
| Assessment 2: (Group of 3) Problem Based Written Assignment | 2000 words | 20% | Week 11 |
| End-of-unit assessment task: Written | 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.
Learning resource
The texts and reading list for MAE302 can be found via the University Library.
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
Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.
Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.
For further information regarding tuition fees, other fees and charges, invoice due dates, withdrawal dates, payment methods visit our Current Students website.