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EC5205 - Economic Growth and Sustainable Development

Credit points: 3
Year: 2014
Student Contribution Band: Band 3
Administered by: School of Business (pre 2015)

Why are some countries richer than others? Why do the incomes of some regions grow rapidly while others stagnate? What can policy makers do to promote sustainable economic development? Or, to put it another way, how can we make the most of the good things that economic growth has to offer, while minimising some of its unwanted side effects? This subject uses economics to provide insights to these, and other related questions. It does this by providing students with a set of analytical tools that allow them to (a) identify factors which influence economic growth - over time, and across 'space'; (b) consider some of the effects, and side effects, of economic growth; and (c) develop and evaluate polices that seek to promote regional development. The subject is tailored to students who (envision to) work at a position that requires advanced economics skills.

Learning Outcomes

  • Advanced level of understanding, interpretation and compilation of measures of economic growth and regional development;
  • Develop critical awareness of theories that seek to explain the way in which the economies of regions/countries change over time;
  • Advanced understanding of theories that seek to explain the way in which the economic structure of communities/industries differ across space;
  • Critical awareness of some social and environmental issues that are inextricably linked to economic growth;
  • Systemic understanding of theories (models) that are introduced in this subject to analyse real and hypothetical economic circumstances and to derive policy solutions to the problems posed in these circumstances.
Assumed
Knowledge:
Introductory subjects in Economics and Statistics
Inadmissible
Subject
Combinations:
CO5125 BX3023 and EC2001 and EC3412

Availabilities

Townsville, Internal, Study Period 1
Census Date 27-Mar-2014
Coord/Lect: Assoc. Professor Riccardo Welters.
Workload expectations:
  • 26 hours lectures
  • 12 hours tutorials
Assessment: end of semester exam (25%); essays (50%); mid semester test (25%).

External, Study Period 1
Census Date 27-Mar-2014
Coord/Lect: Assoc. Professor Riccardo Welters.
Workload expectations:
  • 0 hours
Method of Delivery: WWW - LearnJCU
Assessment: end of semester exam (25%); essays (50%); mid semester test (25%).

Cairns, Block, Study Period 10
Census Date 11-Dec-2014
Face to face teaching 24-Nov-2014 to 04-Dec-2014 (Face to face dates - 9am-4pm Mon 24/11, Tue 25/11, Wed 26/11; 9am-1pm Thurs 27/11; 9am-4pm Mon 1/12, Tue 2/12, Wed 3/12; 9am-1pm Thurs 4/12. Exam Tues 9/12 9am-11am)
Coordinator: Assoc. Professor Riccardo Welters
Lecturer: <Person not found>.
Workload expectations:
  • 39 hours workshops/Seminars
Assessment: end of semester exam (25%); quizzes or tests (25%); multidraft Essays (50%).

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.