ECF5030

The emergence of the knowledge-based economy

(BUS)

Dr Pushkar Maitra

6 points + Lectures and seminar: 3 hours per week + Second semester + Caulfield + Prerequisites: Completion of four of the 4000 level subjects (including the two core economics subjects) in the Master of Applied Economics or their equivalent subject to the approval of the course director.

Synopsis: Knowledge driven industries and services are amongst the most rapidly growing areas of the world economy. This subject looks at the emergence of Knowledge-Based Economies (KBE) and their impact on the Asia-Pacific region by analysing: definitions and measurement of KBE; theoretical and economic policy issues about the KBE in less developed countries; why governments have promoted KBE; the contribution of KBE to productivity and global competitiveness; the growth of KBE hubs in, e.g. India, Malaysia and Hong Kong.

Assessment: Written (4000-word research report): 40% + Tutorial presentation: 10% + Examination (3 hours): 50%