Undergraduate - UnitECC3650 - Applied general equilibrium economics

This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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

Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Not offered in 2015
Coordinator(s)	Dr Janine Dixon

Synopsis

Applied general equilibrium economics is the basis of much of the economic modelling widely used today in government and business, in both advanced and developing economies. This unit covers introductory theory and applications of applied general equilibrium modelling and the associated data and computing. The study uses elementary calculus and matrix algebra.

Outcomes

The learning goals associated with this unit are to:

gain an introductory understanding of all aspects of applied general equilibrium (AGE) economics - theory, data, computing and application
understand how AGE models represent linkages in the economy between industries, households, the government and foreigners
explain, using an AGE model, the micro and macroeconomic effects of selected contemporary policy issues such as real wage rates setting, taxation policy (including carbon tax), the mining boom, the global financial crisis, or natural resource management.

Assessment

Within semester assessment: 20%
Examination: 80%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

Dr Janine Dixon

Prerequisites

ECC2000 and ECC2010 or equivalent; or permission

Prohibitions

ECC4365