MAT203 - The Global Economy (Study Tour)
Unit details
| Year | 2025 unit information |
|---|---|
| Enrolment modes: | Trimester 2: Study Tour |
| EFTSL value: | 0.125 |
| Unit Chair: | Trimester 2: Prasad Bhattacharya |
| Prerequisite: | MAE101 or MAE120 |
| Corequisite: | Nil |
| Incompatible with: | MAE203 |
| Educator-facilitated (scheduled) learning activities - on-campus unit enrolment: | 1 x 1.5-hour lecture (recordings provided) and 1 x 1 hour lecture (recordings provided) and 1 x 1.5 hours seminar (recordings provided) each week for weeks 1-7 and in week 11. Practical Experience 5 x 3 hours (5 places to visit) over a 3 day period and then a 2 day period |
| In-person attendance requirements: | The Practical Experience in weeks 8 and 9 requires compulsory in person attendance and participation in the learning activities. In week 9, students will travel to Melbourne (approximately 2 days) via hired bus for those based at Burwood to visit institutions like the Victorian Treasury and Finance. Students will learn about how the state specific macroeconomic policies are determined and complements the Commonwealth decision making processes. |
| 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. |
Note:Faculty-led Study Tours are by application only and have limited places available. Applications for this study tour will open in early 2025. In the meantime, please contact the Faculty WIL team at bl-wil@deakin.edu.au for any enquiries. | |
Content
This intermediate-level Macroeconomics unit builds on the principles of Macroeconomics taught in MAE101. The unit covers important macroeconomics topics, such as persistent inflation, business cycles, economic recession, the natural rate of unemployment, and the effects of government debt on the overall economy. The unit starts with Robert Solow’s Nobel prize-winning model that explains long run economic growth in countries. You will then be gradually introduced to the macroeconomic framework to understand the shifts in GDP and prices in the short-run and the policies (such as monetary and fiscal policies) to manage these fluctuations in line with major schools of thought, such as the Keynesian way of thinking. Finally, you will learn about applications of this framework to different exchange rate regimes. In this unit, case studies will be used to enhance your understanding of recent macroeconomic developments, such as the debt and financial crises, global recession, mining and resources boom, the Covid-19 pandemic, rising inflation worldwide, and housing market crises. The study tour will provide insights on the working and the impacts of monetary and fiscal policies, and you will learn how central banks and treasuries conduct such policies.
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 | Describe and apply key macroeconomic concepts in the global context. | GLO1: Discipline-specific knowledge and capabilities |
| ULO2 | Use suitable macroeconomic models to explain long-run growth and short-run economic fluctuations. | GLO1: Discipline-specific knowledge and capabilities |
| ULO3 | Critically analyse the role of monetary and fiscal policies in an economy. | GLO1: Discipline-specific knowledge and capabilities GLO4: Critical thinking |
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1: (Individual) 2 x Multiple-choice quizzes (Online) | 90 minutes each | 10% total (5% each) | Week 4 Week 11 |
| Assessment 2 (Individual): | 2000 words total. Part A: 1600 words Part B: 400 words | Part A: 25% | Week 10 |
| 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.
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 MAT203 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.