Faculty of Business and Economics

Monash University

Undergraduate - Unit

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.

FacultyFaculty of Business and Economics
Organisational UnitDepartment of Economics
OfferedNot offered in 2015
Coordinator(s)Dr Yin Mai


The unit will examine a variety of major economic policy issues within the general equilibrium framework. The issues will be of major importance for many countries, such as: carbon emissions abatement, free-trade agreements, direct and indirect taxation reforms, industrial relations, domestic and international immigration, macroeconomic stimulus, infrastructure and other major project evaluation, and catastrophic events such as terrorist attacks and global pandemics.


The learning goals associated with this unit are to:

  1. strengthen understanding of contemporary policy issues and their potential impacts on society via analyses within the general equilibrium conceptual framework
  2. foster an appreciation of the role of formal quantitative analysis in the process of economic policy decision-making
  3. build confidence in applying economy-wide thinking to a diverse range of policy issues
  4. develop the skills required to be critical users of quantitative assessments of economic policy proposals.


Within semester assessment: 50%
Examination: 50%

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.

See also Unit timetable information


Students must have passed ECC1000, ECF1100, ECP1100 or ECB1101 before undertaking this unit.