Markets, Regulation and Government Policy

Course code ECON3001Units 10Level 3000Faculty of Business and LawNewcastle Business School

This course applies and extends intermediate microeconomic and macroeconomic principles in concert with relevant empirical evidence to the analysis of contemporary issues in public policy. The role of government regulation to address efficiency and equity issues arising from the operation of markets is critically assessed. Students are assisted to independently access, analyse and synthesise appropriate resources and material, and opportunities are provided to write formal reports and essays and to defend their arguments in open discussion. Critical thinking, analysis and communication skills identified in the graduate profile become a major focus.

Not available in 2014

Previously offered in 2011, 2010
ObjectivesUpon successful completion of this course, students will be able to:
1. Access and analyse Australian Bureau of Statistics and other data pertinent to contemporary macroeconomic and microeconomic issues;
2. Demonstrate a deep understanding of contemporary public policy issues;
3. Critically assess the extant literature;
4. Demonstrate the capacity to work independently;
5. Exhibit strong report writing skills.
ContentThe course aims to keep abreast of contemporary issues in macroeconomic and microeconomic research and policy analysis. Topics may include, but are not limited to:
1. Economics of the family;
2. Privatisation and (de)regulation of public goods and services (eg. healthcare, electricity, water, education, prisons).
3. Economics of knowledge creation and diffusion.
4. Reform and regulation of the financial sector.
5. Contemporary Monetary and Fiscal Policy.
6. Alternative approaches to Monetary and Fiscal Policy.
7. Inflation, Unemployment and the Political Economy of Full Employment
8. Distribution & Growth: An Assessment
Replacing Course(s)This course replaces ECON3600 and ECON 3610.
TransitionThis course is not available to students who have successfully completed ECON3600 and ECON3610.
Industrial Experience0
Assumed KnowledgeECON1001, ECON1002, ECON2510
Modes of DeliveryInternal Mode
Teaching MethodsLecture
Assessment Items
Examination: ClassIn class tests
Essays / Written AssignmentsShort essays
Examination: Formal
Other: (please specify)Tutorial Exercises
Contact HoursLecture: for 2 hour(s) per Week for Full Term
Tutorial: for 1 hour(s) per Week for 12 weeks