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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
On successful completion of this subject, students will be able to:
- Explain the key microeconomic principles in relation to informing the design of public policy;
- Understand how the use of data and econometric analysis can help to inform policy issues;
- Critically evaluate contemporary policy debates with reference to economic principles as applied to health care, labour markets, education and the environment.
- Evaluate the measurement of social welfare, inequality and poverty.
- 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.
- Moderate level of development: oral communication; accessing data and other information from a range of sources; receptiveness to alternative ideas.
- Some level of development: collaborative learning; problem solving; team work; statistical reasoning; use of computer software.
Last updated: 31 July 2022