units

ECC2840

Faculty of Business and Economics

18 September 2017 22 November 2024

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This unit entry is for students who completed this unit in 2016 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.

Monash University

6 points, SCA Band 1, 0.125 EFTSL

Undergraduate - Unit

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

Faculty

Business and Economics

Organisational Unit

Department of Economics

Coordinator(s)

Dr Michael White

Offered

Not offered in 2016

Synopsis

The role of economic institutions and the process of institutional change, including the role of interest groups in promoting such change. An overview of Australian economic development sketches the changing environment within which such institutions operate. Key institutions, and changes in institutional structures over time, in selected sectors of the Australian economy, including the agricultural and manufacturing sectors, the labour market and the financial sector, as well as the institutions central to competition and trade policy.

Outcomes

The learning objectives of this unit are to:

  1. understand the role and nature of institutions in a market economy;
  2. appreciate the varying pressures that may lead to change in institutions and institutional structures;
  3. apply theoretical models of institutions and institutional change to the Australian economy;
  4. understand the nature and role of key institutions in selected sectors of the Australian economy;
  5. develop analytical, written and oral skills by writing an essay and presenting a tutorial paper.

Assessment

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

Prerequisites

ECC1000 and ECC1100