• Offered by Policy and Governance Program
  • ANU College ANU College of Asia and the Pacific
  • Classification Advanced
  • Course subject Policy and Governance
  • Academic career PGRD
  • Course convener
    • AsPr Fiona Yap
  • Mode of delivery In Person
  • Offered in Second Semester 2015
     See Future Offerings
The Economic Way of Thinking 2 (POGO8019)
All governments make economic policies. Some will make tax cuts in order to stimulate the economy while others will increase government spending to do the same. How do these policy instruments work? What is the record of their successes and failures? How do we know if a particular economic policy is a good idea that will help remedy an ailing economy in Asia or Africa or if it just sounds good? Perhaps more importantly, without knowing the economic theories upon which these policies are based, how do we decide which to support or oppose?
            
This is a course designed to provide understanding of measures of economic performance, and fiscal, monetarist, and trade policies to understand how these are applied across countries. A big component of this course is to achieve an understanding of basic economic theory in order to understand how government policies may work. 
 
We will examine policy instruments such as exchange rates, interest rates, international debt, budget deficit, and trade deficit, to understand their composition and effects on domestic economy, employment, investment, development, and international trade, the promises they provide, the problems they pose, and what needs to be considered in conjunction with these instruments. Once we have achieved these basics, we will apply our understanding into analyzing how and why government acts and evaluate the effects of such actions across countries, including the US, Asia, and Latin America. 
 

Learning Outcomes

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

On successful satisfaction of the requirements of the course, students will have the knowledge and skills to:

  1. Appraise and differentiate between basic economic measures, their utility and drawbacks.
  2. Distinguish between fiscal policies and clarify the principles of their operations;
  3. Appraise the complications of crowding out and supply-side considerations to fiscal policies;
  4. Appraise monetarist policies and clarify the principles of their operations;
  5. Demonstrate solid understanding of the implications of the international economy for fiscal and monetarist policies;
  6. Evaluate the bases of government economic policymaking.

Other Information

Delivery Mode:

on campus, weekly based.

Indicative Assessment

The assessment of the course has three parts:

  • Four assignments (20%)
  • Mid-semester exam (30%)
  • Final exam (50%)

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

Workload

This course will be delivered over 13 weeks, involving a 2-hour lecture and a 1.5-hour tutorial each week. Students also need to spend a minimum of 7 hours per week to read textbook, lecture notes, write assignments, and do online exercises.

Prescribed Texts

The course will use the Macroeconomics part of McTaggart, D., C. Findlay and M. Parkin, (2007), Economics (5th Edition), Melbourne: Addison-Wesley.

Fees

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. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.

Student Contribution Band:
1
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.

Units EFTSL
6.00 0.12500

Course fees

Domestic International
Domestic fee paying students
Year Fee
2015 $3762
International fee paying students
Year Fee
2015 $4566
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.
2015
2016
2017

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
2092 20 Jul 2015 07 Aug 2015 31 Aug 2015 30 Oct 2015 In Person N/A

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