This specialisation provides courses in the broad area of economic policy-making, interrogating the relationships between economic analysis and the processes of contemporary policy-making. The main theme running through the economic policy specialisation is how to improve the conduct and outcomes of public policy in light of an understanding of the way the economy works. More specifically students examine the nature and impact of core economic principles on public policy, and the effect of decision-making by individuals, households, firms and government on the allocation of resources. In addition students engage in broader debates about the strengths and limits of markets as a form of social organisation, and the nature, forms and impacts of market failure.

In this specialisation students explore the nature and role of markets (microeconomics) and the measurement, growth and operation of the aggregate economy (macroeconomics).
Students also consider the forms of government intervention and policy instruments, including fiscal policy, monetary policy, regulation, service provision, redistribution and taxation. Electives provide opportunities for students to study a range of economic policy issues facing most countries both domestically and in the international realm, including economic growth, unemployment, inflation, international trade, foreign investment, and liberalisation.

This specialisation is well-suited to students currently working, or interested in pursuing a career in public finance, foreign investment, trade and development economics.

Relevant Degrees

• Master of Public Policy (MPUPP)