ECON6450

Applied Policy Analysis

10 Units

Aims to introduce students to quantitative techniques and methods that are useful for analysing policy options.

Faculty Faculty of Business and Law
School Newcastle Business School
Availability

Not currently offered

Learning Outcomes

On completion of this course they will have a better understanding of:

  1. Different tools and models used by economists to assess and evaluate various policy questions.
  2. The relative strenghts and weaknesses of different models
  3. Some “real world” Australian and overseas studies of applied policy analysis
Content
  1. Introduction of macroeconomics theory and models - Macroeconomics, Macroeconomic Modelling
  2. Policy Analysis Framework - Types of models, purposes of different types of models
  3. Australian Macroeconomic Models - Australian examples of macroeconomic models, relative strengths and weaknesses in terms of policy evaluation
  4. Typologies of Economic Models - theoretical models and applied models, mathematical models
  5. Structure of Economic Models - single country models, multi country models
  6. Microeconomic Theory and Models - production and income distribution, microeconomic models
  7. Input-Output Models - introduction to Multi-sector models, input-output modelling
  8. Computable General Equilibrium (CGE) models - presenting the quantitative evaluations, simulations
Replacing Course(s) Not applicable
Transition Not Applicable
Assumed Knowledge Background in economics.
Assessment Items
  • Essays / Written Assignments - Essay proposal and presentation 20%
  • Examination: Formal - Final Examination 60%
  • Group/tutorial participation and contribution - Essays - 20%
Contact Hours
  • Lecture: for 3 hour(s) per Week for Full Term
Timetable 2015 Course Timetables for ECON6450

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