Monash University Handbook 2011 Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

The theory and applications of applied general equilibrium modelling. Introduction to associated issues in data compilation and computing. The study uses elementary calculus and matrix algebra.

Objectives

The learning goals associated with this unit are to:

1. gain an introductory understanding of all aspects of applied general equilibrium (AGE) economics - theory, data, computing and application
2. understand how AGE models represent linkages in the economy between industries, households, the government and foreigners
3. explain, using an AGE model, the structural and aggregate effects on the economy of shocks such as change in protection, real wage rates, tax rates, environmental policies, and capital inflow.

Assessment

Within semester assessment: 20%
Examination (3 hours): 80%

Chief examiner(s)

Mark Picton

Contact hours

3 hours per week

Prerequisites

ECC2000 and ECC2010 or equivalent; or permission

Prohibitions

ECC4365