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BX3024 - Contemporary Economic Policy and Social Welfare

Credit points: 3
Year: 2012
Student Contribution Band: Band 3
Administered by: School of Business

Available to all JCU students although it is assumed that those who choose to enrol have a sound understanding of intermediate economic principles.

This subject looks at the way in which government policy influences consumer and business behaviour, and at the implications of those changes on social and economic welfare. To ensure on-going relevance, the specific topics discussed may change from year to year - but are likely to include such things as: competition and de-regulation; labour market reform; taxation; the provision of health and education; and environmental policies. While the subject is available to all JCU students, it is assumed that those who choose to enrol have a sound understanding of intermediate economic principles.

Learning Outcomes

  • demonstrate an understanding of a range of different economic models that explain and/or describe consumer and firm behaviours;
  • use models to analyse policy changes, making predictions about the possible impact of those changes on different economic agents and on social and economic welfare.

Graduate Qualities

  • The ability to adapt knowledge to new situations;
  • The ability to define and to solve problems in at least one discipline area;
  • The ability to think critically, to analyse and evaluate claims, evidence and arguments, and to reason and deploy evidence clearly and logically;
  • The ability to deploy critically evaluated information to practical ends;
  • The ability to find and access information using appropriate media and technologies;
  • The ability to evaluate that information;
  • An understanding of the economic, legal, ethical, social and cultural issues involved in the use of information;
  • The ability to select and organise information and to communicate it accurately, cogently, coherently, creatively and ethically;
  • The acquisition of coherent and disciplined sets of skills, knowledge, values and professional ethics from at least one discipline area;
  • The ability to generate, calculate, interpret and communicate numerical information in ways appropriate to a given discipline or discourse;
  • The ability to communicate effectively with a range of audiences;
  • The ability to work individually and independently;
  • The ability to select and use appropriate tools and technologies.
Prerequisites: BU1003 OR EC1005
EC2003 AND EC3415 AND EC5207


Townsville, Study Period 2, Internal
Census Date 23-Aug-2012
Coord/Lect: Dr Hong-Bo Liu.
Workload expectations:
  • 26 hours lectures
  • 12 hours tutorials
Assessment: quizzes or tests (80%); assignments (20%).

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.