Contemporary Applications of Economic Theory
Course Level Undergraduate
Course Level Undergraduate
Area/Catalogue
ECON 3006
Course Level
Undergraduate
Offered Externally
No
Course ID
101948
Unit Value
4.5
University-wide elective course
No
Course owner
School of Commerce
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.
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.
Nil
Common to all relevant programs | |
---|---|
Subject Area & Catalogue Number | Course Name |
ECON 1008 | Principles of Economics |
ECON 1007 | Macroeconomics |
Common to all relevant programs | |
---|---|
Subject Area & Catalogue Number | Course Name |
ECON 2007 | Forecasting and Business Analysis |
Component | Duration | ||
---|---|---|---|
INTERNAL, CITY WEST | |||
Workshop | 3 hours x 13 weeks | ||
INTERNAL, CITY WEST (INTENSIVE) | |||
Workshop (2 x 3 hour seminars per week for 6 weeks) | 6 hours x 6 weeks |
Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.
Assignment, Mid-term examination
EFTSL*: 0.125
Commonwealth Supported program (Band 3)
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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
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* 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.