Growth, Finance and Development

Course aim

To provide students with an understanding of issues surrounding economic growth and development, and of business cycles, and to critically analyse the policy actions and responses of governments, central banks and other policymakers.

Course content

This course will be structured around three main topic areas. The first is the economy in the long run and an analysis of the major determinants and consequences of growth and development. This topic uncovers why some countries grow more quickly than others and why some remain poor. The course includes evaluation of which factors, such as capital accumulation, technology and human capital, determine growth in the long run. The second topic will focus on growth in the short run. The causes and consequences of inflation and output growth and the role that policymakers have in reducing inflation and promoting output growth are examined. The final topic will focus on the links between growth and finance. What determines an investment decision and how does it affect growth in the short and long runs.Case studies will be used and applications to understand the mechanism from policy perspectives.

Textbook(s)

Jones, C I 2011, Macroeconomics, 3rd edn (International edition), WW Norton and Co, New York

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
ECON 5020	Economic Principles for Business

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Workshop	3 hours x 13 weeks
EXTERNAL, CITY WEST, ONLINE
External	3 hours equiv x 13 weeks

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

Assessment

Case study, Examination, Growth Modelling Exercise

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
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.