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EC5207 - Contemporary Economic Policy and Social Welfare

Credit points: 3
Year: 2015
Student Contribution Band: Band 3
Administered by: College of Business, Law & Governance

This subject focuses on microeconomics (i.e. on individuals and on businesses) and microeconomic policy, operating under the assumption that the primary aim of policy is to maximise social welfare. It introduces fundamental questions, discusses institutional details and reviews the microeconomic theory underlying the role of the public sector. It 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. The subject is tailored to students who (envision to) work at a position that requires advanced economics skills.

Learning Outcomes

  • Demonstrate comprehensive ability to use those models to analyse policy changes, making predictions about the possible impact of those changes on different economic agents and on social and economic welfare;
  • Demonstrate advanced ability to think critically about and evaluate microeconomic policies;
  • Demonstrate extensive familiarity with a range of different micro economic models that explain and/or describe consumer and firm behaviours.
Assumed
Knowledge:
Introductory subjects in Economics and Statistics
Inadmissible
Subject
Combinations:
BX3024 EC2003 EC3415

Availabilities

Townsville, Internal, Study Period 2
Census Date 27-Aug-2015
Coord/Lect: Dr Hong-Bo Liu.
Workload expectations:
  • 26 hours lectures
  • 12 hours tutorials
Assessment: end of semester exam (30%); mid semester test (30%); essay (40%).

External, Study Period 2
Census Date 27-Aug-2015
Coord/Lect: Dr Hong-Bo Liu.
Workload expectations:
  • 0 hours lectures
Method of Delivery: WWW - LearnJCU
Assessment: end of semester exam (30%); mid semester test (30%); essay (40%).

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.