Contemporary Applications of Economic Theory

Course aim

To show students how the analytical methods they have learned can help them understand the real world through demonstrating the application of economic theory and policy analysis tools to topics of current social, national and international interest.

Course content

This course will expose students to in-depth, real-world applications of the economic modeling techniques in the areas of macro- and micro-economics. Specific content covered will include applied microeconomic topics such as analysing monopoly power in theory and practice; anticompetitive behaviour and antitrust policy; basic theory and applications of auctions, as well as applied macroeconomic ones such as the economic growth and real business cycles, inflation and monetary policy, open-economy macroeconomics, exchange rate regimes and balance of payments crises. Within each topic, relevant theoretical concepts and models will first be reviewed and students will be shown how to customise them to examine questions specific to that topic. Students will then pick a policy-related topic and write an essay/report using recent data from sources such as the ABS, HILDA, etc. for their analysis.

Textbook(s)

Nil

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
ECON 1008	Principles of Economics
ECON 1007	Macroeconomics

Corequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
ECON 2007	Empirical Business Analysis

Teaching method

Component	Duration
INTERNAL, CITY WEST
Preparatory	1 x 1 week
Workshop	3 hours x 10 weeks
INTERNAL, CITY WEST (INTENSIVE)
Workshop	30 hours x N/A

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Assignment, Mid-term examination

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 4C)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.