Available in 2012
|Callaghan Campus||Semester 2|
Previously offered in 2013
This course extends intermediate economic principles to the analysis of contemporary debates in macroeconomic and labour market theory and policy, with particular reference to the Global Financial Crisis. The role of both domestic and international economic institutions on the conduct of policy is emphasised. Students are assisted to access, analyse and synthesise the most recent theoretical and empirical research. The relevance of these theoretical principles will be demonstrated by drawing on international case studies. Students will gain a deep understanding of the competing views about the conduct of macroeconomic and labour market policy.
Upon successful completion of this course, students will be able to :
1. Assess competing theoretical arguments about the operation of the macroeconomy and its impact on the labour market.
2. Demonstrate a deep analytical understanding of contemporary public policy issues;
3. Access and analyse macroeconomic data which are pertinent to contemporary macroeconomic and labour market debates internationally;
4. Engage in critical thinking through the comparative assessment of competing macroeconomic and labour market models and policy frameworks.
5. Engage in team processes to analyse and communicate data outcomes.
This course may include but is not limited to the following topics:
1. Theoretical macroeconomic and labour market models.
2. Competing perspectives on the conduct of monetary and fiscal policy within an open economy.
3. Full employability and full employment policy: welfare to work and the job guarantee.
4. The ageing labour force.
5. Minimum wages, wage differentials and executive pay.
6. Wage Inequality.
This course replaces ECON3001 and ECON3300.
This course is not available to students who have successfully completed ECON3001.
ECON1001, ECON1002, ECON2001, ECON2002
Modes of Delivery
Lecture: for 2 hour(s) per Week for Full Term
Tutorial: for 1 hour(s) per Week for 12 weeks