Applied Policy Analysis

Course code ECON6450Units 10Level 6000Faculty of Business and LawNewcastle Business School

Aims to introduce students to quantitative techniques and methods that are useful for analysing policy options.

Not available in 2015

ObjectivesOn completion of this course they will have a better understanding of:
1. Different tools and models used by economists to assess and evaluate various policy questions.
2. The relative strenghts and weaknesses of different models
3. Some "real world" Australian and overseas studies of applied policy analysis
Content1. Introduction of macroeconomics theory and models - Macroeconomics, Macroeconomic Modelling
2. Policy Analysis Framework - Types of models,
purposes of different types of models
3. Australian Macroeconomic Models - Australian examples of macroeconomic models, relative strengths and weaknesses in terms of policy evaluation
4. Typologies of Economic Models - theoretical models and applied models, mathematical models
5. Structure of Economic Models - single country models, multi country models
6. Microeconomic Theory and Models - production and income distribution, microeconomic models
7. Input-Output Models - introduction to Multi-sector models, input-output modelling
8. Computable General Equilibrium (CGE) models - presenting the quantitative evaluations, simulations
Replacing Course(s)Not applicable
TransitionNot Applicable
Industrial Experience0
Assumed KnowledgeBackground in economics.
Modes of DeliveryInternal Mode
Teaching MethodsLecture
Assessment Items
Essays / Written AssignmentsEssay proposal and presentation 20%
Examination: FormalFinal Examination 60%
Group/tutorial participation and contributionEssays - 20%
Contact HoursLecture: for 3 hour(s) per Week for Full Term