Applied Policy Analysis
Aims to introduce students to quantitative techniques and methods that are useful for analysing policy options.
Faculty of Business and Law
Newcastle Business School
Not currently offered
On completion of this course they will have a better understanding of:
- Different tools and models used by economists to assess and evaluate various policy questions.
- The relative strenghts and weaknesses of different models
- Some “real world” Australian and overseas studies of applied policy analysis
- Introduction of macroeconomics theory and models - Macroeconomics, Macroeconomic Modelling
- Policy Analysis Framework - Types of models,
purposes of different types of models
- Australian Macroeconomic Models - Australian examples of macroeconomic models, relative strengths and weaknesses in terms of policy evaluation
- Typologies of Economic Models - theoretical models and applied models, mathematical models
- Structure of Economic Models - single country models, multi country models
- Microeconomic Theory and Models - production and income distribution, microeconomic models
- Input-Output Models - introduction to Multi-sector models, input-output modelling
- Computable General Equilibrium (CGE) models - presenting the quantitative evaluations, simulations
||Background in economics.
- Essays / Written Assignments - Essay proposal and presentation 20%
- Examination: Formal - Final Examination 60%
- Group/tutorial participation and contribution - Essays - 20%
2016 Course Timetables for ECON6450