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Unit (2020)

Information on this page, including unit offerings, is from the 2020 academic year.

Advanced Honours Topic in Economics (MBS500)

Organisational Unit Business
Credit Points 3
Description In Australia and throughout the world, governments face a challenging and complex set of economic issues which require timely and appropriate policy responses to assist in the welfare and well-being of current and future generations. This unit explores and applies economic concepts and theories to specific Australian microeconomic and macroeconomic policy issues. Key current policy settings and debates will be discussed and evaluated.
Unit Learning Outcomes After the completion of this unit students will be able to:
1. Identify and explain key economic policy challenges facing Australia.
2. Have advanced knowledge of the theoretical underpinnings of alterative economic policy approaches.
3. Review microeconomic and macroeconomic analysis and empirical research, apply this to important Australian policy debates and clearly communicate this analysis.
4. Critically evaluate differing policy approaches to current economic problems and concerns.
Application of knowledge and skills:
5. Demonstrate an advanced understanding of the intergenerational outcomes of government policy choices and present these as a professional policy advisor would.
6. Apply knowledge and skills to rigorously research an economic policy issue and provide policy recommendations, including an evaluation of the possible policy successes, problems and costs.
Timetabled Learning Activities nil
Unit Learning Experiences Students undertaking this unit will participate in a three-hour weekly seminar on a particular key economic policy issue. The weekly seminar will be a combination of a lecture and workshop-discussion format. At times the seminar will comprise of a student group presentation of their research and analysis of an important and complex policy issue. The lecture-seminar will be facilitated by a range of academics within the economics discipline as well as guest academics who are experts in their field. The workshop-discussion component will be a combination of staff-led and student-led learning activities.
Students will be guided by experts in the various topics, and will also pursue their own research and reading of the relevant literature, including economic theories, models and government policy statements. The seminars will facilitate the discussion and communication of students' research, critical evaluation and policy debate. In addition, students will at times be presenting group work during the seminar to demonstrate their ability to effectively communicate their analysis of complex policy matters.
Assessment Students will receive ongoing informal feedback when meeting with staff to discuss readings and important economic policy issues. Assessment in this unit will be a mix of researching and writing answers to set questions for each topic, a research essay relating to a key economic policy problem and a final exam. Written feedback will be provided via comments on the written set questions students prepare for each topic and through comments given on the research essay.
Prerequisites Enrolment in Honours in Economics.
Exclusions Students who have completed BUS4001 Advanced Honours Topic in Economics may not enrol in this unit for credit.
Previously 2014: BUS4001
Appears in these Courses/Majors:
see individual structures for context
Economics Honours (BBus(Hons))
Internet Access RequirementsMurdoch units normally include an online component comprising materials, discussions, lecture recordings and assessment activities. All students, regardless of their location or mode of study, need to have access to and be able to use computing devices with browsing capability and a connection to the Internet via Broadband (Cable, ADSL or Mobile) or Wireless. The Internet connection should be readily available and allow large amounts of data to be streamed or downloaded (approximately 100MB per lecture recording). Students also need to be able to enter into online discussions and submit assignments online.


Unit Coordinator
Dr Anne Garnett
Senior Lecturer in Economics

Murdoch Campus
t: 9360 6056
e: A.Garnett@murdoch.edu.au
o: 512.2.016 - Murdoch Business School, Murdoch Campus
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