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Unit (2020)

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

Advanced Economic Analysis: Honours (MBS545)

Organisational Unit Business
Credit Points 3
Description The aims of this unit are to provide an evaluation of contemporary approaches to economic theory, to utilize contemporary theory to gain an understanding of the nature of economic problems confronting Australia and the role economic policy may play in meeting these problems. Students will be expected to critically evaluate competing theoretical perspectives. The unit also aims to develop student's research and presentation skills.
Unit Learning Outcomes On successful completion of the unit you should 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 orally and in written form.
4. Critically evaluate differing policy approaches to economic problems and issues.
Application of knowledge and skills:
5. Demonstrate an advanced understanding of the outcomes of government policy choices and present these in a professional manner.
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. The unit will be run as a reading unit with students studying selected topics independently.
Unit Learning Experiences This unit will be run as a reading unit and students will be engaging in independent learning. Students will meet regularly with staff and be guided by staff with expertise in microeconomic and macroeconomic policy and will pursue their own research and reading of the relevant literature, including economic theories, models and government policy statements. Reading lists will be provided but students are also expected to source additional relevant readings
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 by three research essays relating to key economic policy problems. Written feedback will be provided via comments on the essays.
Prerequisites Enrolment in Bachelor of Economics with Honours.
Exclusions Students who have completed BUS425 Advanced Economic Analysis: Honours may not enrol in this unit for credit.
Previously 2014: BUS425
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
Professor Malcolm Tull
Emeritus Professor

e: M.Tull@murdoch.edu.au
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