300-level

STAT317
Time Series Methods
Description
Analysis of sequentially collected data including data modelling and forecasting techniques.
Occurrences
Semester Two 2024
Points
15 points
Prerequisites
15 points from MATH102, EMTH118 or MATH199; and another 30 points from 200 level STAT or ECON213
Restrictions
ECON323, FINC323
ECON321
Microeconomic Analysis
Description
This course follows on from the Intermediate Microeconomics sequence taught at stage 2. The primary focus is on applying fundamental mathematical tools and techniques for modelling standard microeconomics problems involving consumers, producers and markets. Techniques in both algebra and calculus will be used. The main objective is to show students how a selection of standard microeconomics problems can be modelled in terms of constrained optimisation, solving those problems, and above all, analysing the solutions.
Occurrences
Semester One 2024
Points
15 points
Prerequisites
(1) ECON207; and (2) MATH102 or MATH199; and (3) 15 points from STAT RP: ECON208
ECON323
Time Series Methods
Description
Analysis of sequentially collected data including data modelling and forecasting techniques.
Occurrences
Semester Two 2024
Points
15 points
Prerequisites
(1) ECON213; and (2) ECON207; and (3) MATH102
Restrictions
FINC323, STAT317
ECON324
Econometrics
Description
This course teaches advanced skills in practical econometrics. Coverage will include the following topics: OLS, FGLS, robust standard errors, panel data, Stata programming, Monte Carlo experiments, time series, nonstationarity, and error correction models. While the course will present some theory, the emphasis in this class is on doing. A distinctive feature is that we will illustrate key concepts using computer simulations so that students can "see" the practical consequences of the issues they are studying.
Occurrences
Semester One 2024
Points
15 points
Prerequisites
(1) ECON213 or STAT202; and (2) MATH102 or MATH199
ECON325
Advanced Macroeconomics
Description
ECON325 studies the economy as a whole to understand the two main areas of macroeconomics: long-run growth in the standard of living and the general level of prices, and short-run fluctuations in employment and output. The course gives particular attention to the mathematical techniques that economists use to study these areas and the microeconomic foundations that underpin much of macroeconomic analysis.
Occurrences
Semester Two 2024
Points
15 points
Prerequisites
(1) ECON206; and (2) MATH102; and (3) ECON207 or ECON208
ECON326
Macro and Monetary Economics
Description
Derivation of the demand for money. Monetary policy under uncertainty. Analysis of alternative monetary rules. Taylor rules. Term structure of interest rates. Financial crises. Economic Growth.
Occurrences
Semester One 2024
Points
15 points
Prerequisites
(1) ECON206; (2) MATH102 or MATH199. RP: ECON207
ECON329
Industrial Organisation
Description
Imperfectly competitive markets and behaviour of firms. Monopoly models: standard, dominant firm, durable good, natural monopoly, perfectly contestable markets, price discrimination. Oligopoly models: Cournot, Bertrand, product differentiation. Measuring market power, competition policy.
Occurrences
Semester One 2024
Points
15 points
Prerequisites
ECON207 or ECON208 RP: ECON208
ECON331
Financial Economics
Description
The economics of finance with applications to asset valuation, corporate finance, and portfolio management.
Occurrences
Semester Two 2024
Points
15 points
Prerequisites
, (1) FINC201; and (2) MATH102 or MATH199; RP: MATH103
Restrictions
FINC331
Co-requisites
ECON207
FINC331
Financial Economics
Description
The economics of finance, with applications to asset valuation, corporate finance, and portfolio management.
Occurrences
Semester Two 2024
Points
15 points
Prerequisites
, (1) FINC201; and (2) MATH102 or MATH199; RP: MATH103
Restrictions
ECON331
Co-requisites
ECON207
ECON335
Public Economics
Description
Economic theories for the role of government in a market economy and the role of economics in the formulation and evaluation of public policy.
Occurrences
Semester One 2024
Points
15 points
Prerequisites
ECON207 RP: ECON208
ECON338
Health Economics Overview
Description
An application of microeconomic and empirical tools to the study of health and medical care. The topics covered will include market failures arising from asymmetric information, the demand for and production of health, provision of health insurance, and government involvement in the medical care system.
Occurrences
Semester Two 2024
Points
15 points
Prerequisites
ECON207 RP: ECON208
ECON340
Development Economics
Description
Economics 340 will examine some of the major economic issues faced by individuals and governments in poorer countries, and introduce students to the field of development economics. The course will study the concepts and measurement of development, poverty and growth, and how economists use theory, empirical analysis and experiments to address issues in these areas. Topics surveyed will include poverty and inequality, population growth, urbanization and migration, agriculture and rural development, investments in education and health and the role of women, governance and institutions, credit and insurance, foreign investment and aid, and international trade policy. In the process, students will be exposed to the ongoing debates in development economics.
Occurrences
Semester Two 2024
Points
15 points
Prerequisites
ECON207 or ECON208 RP: ECON208
ECON344
International Finance
Description
This course provides an understanding of the fundamental concepts and issues in international finance. It develops a "tool-kit" of common approaches and applies it to many real-world examples in international finance. We cover topics such as the foreign exchange markets and exchange rate systems, balance of payments, international arbitrage and interest rate parity, exchange rate determination and forecasting, measuring and managing exchange rate risk, international debt and equity financing, currency derivatives, interest rate and currency swaps, and financial crises.
Occurrences
Semester Two 2024
Points
15 points
Prerequisites
ECON206 or FINC201 or FINC203 RP: 15 points in MATH or Year 13 Math with Calculus
Restrictions
ECON 210 and FINC 315 and FINC344
FINC344
International Finance
Description
This course provides an understanding of the fundamental concepts and issues in international finance. It develops a "tool-kit" of common approaches and applies it to many real-world examples in international finance. We cover topics such as the foreign exchange markets and exchange rate systems, balance of payments, international arbitrage and interest rate parity, exchange rate determination and forecasting, measuring and managing exchange rate risk, international debt and equity financing, currency derivatives, interest rate and currency swaps, and financial crises.
Occurrences
Semester Two 2024
Points
15 points
Prerequisites
ECON206 or FINC201 or FINC203 RP: 15 points in MATH or Year 13 Math with Calculus
Restrictions
FINC315, ECON344, ECON210
ECON346
Special Topic: Economic Cost-Benefit Analysis
Description
Economic cost-benefit analysis (CBA) involves the use of microeconomics to formally assess the costs and benefits of different projects or investments. CBA is frequently used as a key input into major policy decisions for government ministries and departments. Understanding the advantages and limitations of CBA, and being able to distinguish well-conducted from poor analyses, is an important skill for a public policy analyst, or for a professional analyst or consultant. This course provides you with the conceptual foundations and practical knowledge you will need to read and understand CBA reports, conduct a CBA, and to be a thoughtful consumer of policy research. An important part of the course is learning different economic methods to calculate and then estimate values of costs and benefits. The course draws on a mixture of economic theory and real-life case studies to examine both the theoretical and practical issues involved in CBA.
Occurrences
Semester Two 2024
Points
15 points
Prerequisites
ECON207
ECON390
Internship or Consultancy Project
Description
An internship or consultancy project is an opportunity to experience a professional work environment. Internships or projects taken for credit are usually unpaid. You are expected to develop a good understanding of a sector, market or organisation. The work you submit will show an application of the tools, ideas or concepts of economics. You will be required to reflect critically on the requirements of transitioning from an academic to a work environment and the skills valued in a professional workplace. As these are economics placements, priority is given to economics majors.
Occurrences
Summer Nov 2023
Semester One 2024
Semester Two 2024
Points
15 points
Prerequisites
(1) ECON207 or ECON208; and (2) Subject to the Head of Department approval
Restrictions
FINC390, ARTS395, PACE395

Not Offered Courses in 2024

300-level

ECON310
Economic Thinking for Business
Description
In this course students will learn the main differences between local businesses, exporters/importers and multinational firms. The course starts with an overview of important facts and issues, and of recent trends in local and international businesses. We will discuss some formal definitions of the salient concepts and various factors (incentives) that may lead some local businesses to expand across borders. Students will be able to practice being an economist by working on projects where they apply economic thinking and methods to problems facing local/international businesses and organisations. ECON310 is a compulsory course for the Business Economics major although any student with the pre-requisites can enrol.
Occurrences
Not offered 2024, offered in 2022
For further information see ECON310 course details
Points
15 points
ECON314
Economic Analysis of "Big Data"
Description
With the decrease of the cost of storing data, both the size and the variety of available data has increased dramatically. In this course, we will discuss how such 'big data', and the 'artificial intelligence' that may result from it, is affecting both the economy itself and how the economy can be analysed. We will analyse the impact of big data and artificial intelligence on the economy through various examples of how businesses and governments can benefit from big data and artificial intelligence, but also of how big data and artificial intelligence can be abused by them. We also discuss how big data and artificial intelligence has created new ways to analyse the economy, by providing new ways to collect data (for example, web scraping) and by creating new types of data (for example, Google Trend/Correlate data, Text data and Image data) that can be used to analyse the economy.
Occurrences
Not offered 2024, offered in 2019 , 2020 , 2021 , 2022 , 2023
For further information see ECON314 course details
Points
15 points
FINC323
Time Series Methods
Description
Analysis of sequentially collected data including data modelling and forecasting techniques.
Occurrences
Not offered 2024
For further information see FINC323 course details
Points
15 points
ECON327
Economic Analysis of Law
Description
An introduction to the law of property and contracts as systems for allocating resources.
Occurrences
Not offered 2024, offered in 2013 , 2014 , 2015 , 2016 , 2017
For further information see ECON327 course details
Points
15 points
ECON330
Strategic Behaviour of Firms
Description
Business strategies and market power. Price discrimination, tie-in sales, quality, durability, predatory pricing, vertical integration and restraints. Information, advertising and disclosure. Network economics.
Occurrences
Not offered 2024, offered in 2010 , 2011 , 2012
For further information see ECON330 course details
Points
15 points
ECON332
Economics and Psychology
Description
Economics and Psychology will discuss both how psychological insights and experimental methods may be brought to bear on the understanding of economic phenomena, especially in situations with strategic interaction. A mixture of theoretical developments and experimental results will be dealt with.
Occurrences
Not offered 2024, offered in 2013 , 2014
For further information see ECON332 course details
Points
15 points
ECON333
Experimental Economics
Description
An introduction to experimental economics research methods for testing economic theory. Includes the design of laboratory experiments and the analysis of data. Applications will be made to areas such as public, environmental and labour economics, industrial organisation, and individual decision making.
Occurrences
Not offered 2024, offered in 2013 , 2014 , 2015 , 2020
For further information see ECON333 course details
Points
15 points
ECON334
Labour Economics
Description
Labour economics studies how workers and employers interact in firms, organizations, and markets. This course will examine theories and empirical evidence of topics such as labour supply and demand, wage determination, collective bargaining, unemployment, labour force participation, immigration, discrimination, human capital, and employment law.
Occurrences
Not offered 2024, offered in 2016
For further information see ECON334 course details
Points
15 points
ECON341
Economics of Education
Description
This course uses economic tools to help students understand how and why people make decisions to invest in education, the effect of education on long-term social and economic outcomes, the behaviour of institutions that "produce" education (including why governments might have a role in the education sector), how it is financed, the market for teachers, the role of education in economic development and how best to design and implement public policies affecting the level and distribution of education resources.
Occurrences
Not offered 2024, offered in 2013 , 2014 , 2015
For further information see ECON341 course details
Points
15 points
ECON342
Economic History
Description
This course examines how production and trade have been central to the economic and social organisation of humanity. We study the causes and consequences of the Three Great Transformations: language, agriculture, and the commercial and industrial revolutions that began in the 16th century. What can we learn from the economic rise of England? What can our economic history teach us about our economic future?
Occurrences
Not offered 2024, offered in 2013 , 2014
For further information see ECON342 course details
Points
15 points
ECON343
The Economics of Innovation, Creativity and Intellectual Property
Description
An economic analysis of the incentive effects of intellectual property protection on the processes of innovation and creativity. Both patentable and copyrightable intellectual property are analysed. This course will include detailed coverage of the effects of the recent introduction of digital technologies for copyrightable content.
Occurrences
Not offered 2024, offered in 2019
For further information see ECON343 course details
Points
15 points
ECON345
The Economics of Risk and Insurance
Description
This course analyses the nature and problem of risk and uncertainty and consumers preferences regarding risk and risk taking. It examines the basic principles of risk and insurance, and the description of the characteristics of main types of insurance, (both life and general). The course includes an introduction to the structure and operation of insurance markets, (both local and international) and the function of insurance firms within the financial system. It covers the general principles of insurance underwriting and pricing, claims management and claims reserving process within the regulatory regime of the insurance industry.
Occurrences
Not offered 2024, offered in 2017
For further information see ECON345 course details
Points
15 points
FINC345
The Economics of Risk and Insurance
Description
This course analyses the nature and problem of risk and uncertainty and consumers' preferences regarding risk and risk taking. It examines the basic principles of risk and insurance, and the description of the characteristics of main types of insurance (both life and general). The course includes an introduction to the structure and operation of insurance markets (both local and international), and the function of insurance firms within the financial system. It covers the general principles of insurance underwriting and pricing, claims management and claims reserving process within the regulatory regime of the insurance industry.
Occurrences
Not offered 2024
For further information see FINC345 course details
Points
15 points