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Economic Analysis and Policy (ECON30013)
Undergraduate level 3Points: 12.5Not available in 2017
Overview
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This subject focuses on the application of economics to the analysis of policy issues facing governments in Australia and overseas. The subject begins with a general introduction on the application of principles of microeconomics for guiding the formulation of policy options and their interpretation. It then explores in detail specific topics drawn from health economics, microeconomic reform, income distribution, poverty or other relevant policy areas. For each specific topic the subject presents and evaluates results in the literature and analyses future policy options and their effects.
Intended learning outcomes
- Explain the principles of microeconomics in relation to policy development.
- Explain how these principles guide policy in product markets.
- Analyse the main ways concern about equity is manifest in economic policy.
- Evaluate the measurement of social welfare, inequality and poverty.
- Describe the means of and rationale for redistribution in an economy.
- Evaluate the structure of the tax-transfer system in the economy.
- Identify the main characteristics of the industries of education and health services.
- Analyse the main ways economic theory is used to explain family formation and function.
- Critically evaluate contemporary policy debates with reference to economic principles as applied to education, health, and families.
Generic skills
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High level of development: written communication; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information; evaluation of data and other information.
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Moderate level of development: oral communication; accessing data and other information from a range of sources; receptiveness to alternative ideas.
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Some level of development: collaborative learning; problem solving; team work; statistical reasoning; use of computer software.
Last updated: 27 April 2024
Eligibility and requirements
Prerequisites
The following:
Code | Name | Teaching period | Credit Points |
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ECON20002 | Intermediate Microeconomics |
Summer Term (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
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12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 27 April 2024
Assessment
Additional details
- A 2-hour end-of-semester examination (70%)
- One class assignments totalling approximately 2000 words (20%)
- One 10-minute presentation (10%)
- To pass this subject students must pass the end of semester examination.
Last updated: 27 April 2024
Dates & times
Not available in 2017
Time commitment details
170 Hours
Last updated: 27 April 2024
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Related Handbook entries
This subject contributes to the following:
Type Name Major Economics - Breadth options
This subject is available as breadth in the following courses:
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Last updated: 27 April 2024