• Offered by International and Development Economics Program
  • ANU College ANU College of Asia and the Pacific
  • Classification Advanced
  • Course subject International and Developmental Economics
  • Areas of interest Economics
  • Academic career PGRD
  • Mode of delivery In Person
  • Offered in First Semester 2014
    See Future Offerings

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In the thirty years since China started on the path of reform in the late 1970s, it has emerged as one of the largest and most dynamic economies in the world. There has been keen interest in what have been achieved in China and more importantly what lies ahead for such a significant economic player in the world economy. This course examines China’s successful experiences and lessons learned from the standpoints of economic transformation, economic development, open macroeconomics and institutional economics.

First, the course discusses the transformation of the Chinese economy from a centrally-planned to a market one by highlighting the key differences between a planned and market economy, the sequencing of reform, and the importance of carrying out ownership reform and building market-compatible institutions.

Second, the course analyses the development experience of Chinese transformation by covering issues such as urbanisation, income distribution, labour market development, banking sector reform, regional development, fiscal system reform, international trade and investment, China’s rapid industrialisation and its increasing demand for energy and mineral resources, and the environment.

Third, the course examines the macroeconomic dimension of economic transformation by looking at the importance of maintaining macroeconomic stability in the process of reform and liberalisation (including both current and capital account liberalisation), the key sources of and factor contributions to economic growth in China, and the formation and implementation of China’s exchange rate policy, China’s daunting task of managing its foreign reserves, China’s conformity to the WTO and the prospect of internationalising its currency, the RMB.

Finally, the course discusses some of the driving forces that have had an impact on China’s growth path and offers some in-depth analyses as to how China could confront the challenges in ensuring its future growth is not only efficient, but also equitable and sustainable. The course will also discuss the impact of the global financial crisis (GFC) on the economic growth in China and how China can play an important role in stimulating its economy, dealing with the global economic imbalances, and confronting the challenges of both demographic shift and climate change.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

On completion of this unit you should be able to:

  • demonstrate a sound understanding of the theoretical principles and conceptual arguments for economic transformation
  • demonstrate a clear understanding of the theories and arguments for maintaining macroeconomic stability in economic transformation
  • articulate how the theories of economic development could be applied in analysing the process of economic transformation
  • demonstrate the capacity to carry out independent research on a topic relating to the Chinese economy or other transition economies
  • use appropriate verbal communication skills to present your research.

Other Information

Delivery Mode:

On Campus

Indicative Assessment

Research essay (about 3,500 words)                 40 per cent

Oral presentation                                               10 per cent

Final exam                                                         50 per cent

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A two-hour lecture and one hour tutorial per week for 13 weeks

Office hours run from 2 to 4 pm on Friday afternoon.

Prescribed Texts

A reading brick including key references will be provided.


Tuition fees are for the academic year indicated at the top of the page.  

If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Students continuing in their current program of study will have their tuition fees indexed annually from the year in which you commenced your program. Further information for domestic and international students about tuition and other fees can be found at Fees.

Student Contribution Band:
Unit value:
6 units

If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees.  Where there is a unit range displayed for this course, not all unit options below may be available.

6.00 0.12500
Domestic fee paying students
Year Fee Description
1994-2003 $1680
2014 $3582
2013 $3582
2012 $3582
2011 $3576
2010 $3570
2009 $3570
2008 $3402
2007 $3132
2006 $3084
2005 $2988
2004 $2412
International fee paying students
Year Fee
1994-2003 $3606
2014 $4146
2013 $4140
2012 $4140
2011 $4134
2010 $4134
2009 $4002
2008 $4002
2007 $3864
2006 $3864
2005 $3864
2004 $3864
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.

The list of offerings for future years is indicative only.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

First Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
3701 17 Feb 2014 07 Mar 2014 31 Mar 2014 30 May 2014 In Person N/A

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