Contemporary Issues in Economics (10085.1)

This unit focuses on the role of government in the economy in the light of relevant microeconomic and macroeconomic theories. Such analysis incorporates the policy constraints imposed by a country's political institutions and culture. Particular attention is paid to the pressures on policy making that arise from external constraints and institutions.

Learning outcomes

On successful completion of this unit, students will be able to use intermediate economic theory to:
1. Apply these theories to the analysis of contemporary economic problems in Australia; and
2. Argue the case for taking differing approaches to a range of important microeconomic and macroeconomic policy challenges.

Graduate attributes

1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
2. UC graduates are global citizens - think globally about issues in their profession
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas

Skills development

The unit's focus is on the application of economic theory to contemporary policy issues. It therefore develops students' abilities to think analytically and practically about economic issues. It also develops their ability to communicate their ideas clearly in both oral and written form. Students will be required to present their own thoughts to the class and comment on those of others. They will also be required to present their ideas in written form.

Prerequisites

Introduction to Economics, 6355 OR Foundations of Microeconomics, 9518, AND Money, Employment and Growth, 10083 OR Foundations of Macroeconomics, 9519

Corequisites

None.

Incompatible units

Contemporary Issues in Macroeconomics, 6400, & Contemporary Issues in Microeconomics, 6401

Equivalent units

NO.

Assumed knowledge

None.