6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Coordinator(s)
Not offered in 2017
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.
See also Unit timetable information
Chief examiner(s)
Prerequisites
Prohibitions
ECC4365