MAE905 - Macroeconomic Theory and Policy
Unit details
| Year: | 2022 unit information |
|---|---|
| Enrolment modes: | Not offered in 2022 |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Cohort rule: | This unit is only available to students enrolled in M800, M820, M900 |
| Prerequisite: | Nil. |
| Corequisite: | Nil |
| Incompatible with: | Nil |
| 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 3 hour class per week |
Content
This unit provides students with foundation knowledge in the area of macroeconomics, by using modern methodologies to study phenomena such as long-run economic growth and fluctuations, the role and impacts of monetary and fiscal policies on outcomes , unemployment, and general price levels. The unit provides a bridge to advanced research, and equips students with the tools to understand the aggregate behaviour of the economy, and to use both theory and measurement to investigate the consequences of various policies on economics outcomes.
| ULO | These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: | Deakin Graduate Learning Outcomes |
|---|---|---|
| ULO1 | Be able to analyse various macro data and understand their implications for macroeconomic performance | GLO1: Discipline-specific |
| ULO2 | Determine what factors affect an economy’s GDP per capita and its long-term growth | GLO4: Critical thinking GLO5: Problem solving |
| ULO3 | Critically analyse and apply various models of consumption and investment behaviour to economic problems | GLO4: Critical thinking GLO5: Problem solving |
| ULO4 | Determine the effectiveness of macroeconomic policies under different conditions | GLO4: Critical thinking GLO5: Problem solving |
| ULO5 | Explain the impacts of fiscal policies | GLO2: Communication GLO4: Critical thinking GLO5: Problem solving |
| ULO6 | Apply the macroeconomic theories learned to analyse contemporary economic issues | GLO3: Digital literacy GLO4: Critical thinking GLO5: Problem solving GLO8: Global citizenship |
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) Problem Set | 2500 words | 25% | Information not yet available |
| Assessment 2: (Individual) Problem Set | 2500 words | 25% | Information not yet available |
| Examination (Closed Book) | 3 hours | 50% | 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: MAE905 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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