Faculty of Business and Economics

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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 3, 0.125 EFTSL

Postgraduate - Unit

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


Business and Economics

Organisational Unit

Department of Economics


Associate Professor Vai-Lam Mui


Not offered in 2016


Issues include incentives and credibility problems in microeconomic policy making in both developed and developing economies, with particular attention to topics such as microeconomic issues in the public sector, the role of institutions, and the critical evaluation of microeconomic policy. Students are expected to build on basic microeconomics knowledge and to exhibit an understanding of the policy context.


The learning goals associated with this unit are to:

  1. apply economic theory and institutional knowledge of relevant parts of the economy to analyse government microeconomic policy options, and to make recommendations on policy actions
  2. understand developments in policy debates in other countries and consider their impact on recent economic policies implemented in Australia
  3. evaluate the contributions and limitations of economic analysis for helping to understand and to evaluate microeconomic policy options.


Within semester assessment: 40%
Examination: 60%

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

Chief examiner(s)


Students must have passed ECC2000 or ECC5900 or ECX9000 or ECX5900 before undertaking this unit.


ECC2400 and ECX9400