EC5205 - Economic Growth and Regional Development
| Credit points: | 03 |
| Year: | 2011 |
| Student Contribution Band: | Band 3 |
| Administered by: | School of Business |
Why are some countries richer than others? Why do the incomes of some regions grow rapidly while others stagnate? What can policy makers do to promote sustainable economic development? Or, to put it another way, how can we make the most of the good things that economic growth has to offer, while minimising some of its unwanted side effects? This subject uses economics to provide insights to these, and other related questions. It does this by providing students with a set of analytical tools that allow them to (a) identify factors which influence economic growth - over time, and across 'space'; (b) consider some of the effects, and side effects, of economic growth; and (c) develop and evaluate polices that seek to promote regional development. It is relevant to a broad range of people - those who are keen to find ways of promoting sustainable economic development, or those who simply wish to work, live or play in regional areas and/or in developing countries.
Learning Outcomes
- Students completing this subject will have an increased understanding of macroeconomic data, concepts, models and analysis. More specifically, they will be able to:;
- Understand a range of different models that seek to explain and/or describe key macroeconomic relationships in the medium to long-run, with a particular emphasis on factors affecting the supply-side of the economy;
- Understand some of the key assumpsions, problems, strengths and limitations of the relevant models;
- Construct, manipulate and explain a range of simple diagrams associated with the relevant models;
- Use the models to analyse real and hypothetical 'shocks' and/or policy changes, making predictions about the possible impact of the changes on different parts of the economy, and derive solutions to problems posed in these circumstances.
Graduate Qualities
- The ability to appraise information critically;
- The ability to use independent judgment to synthesise information to make intellectual and/or creative advances;
- The ability to conceptualise and evaluate a range of potential solutions to relevant problems;
- The ability to make constructive contributions to project teams or collegial activities.
| Assumed Knowledge: | Introductory subjects in Economics and Statistics |
| Inadmissible Subject Combinations: | BX3023 and EC2001 and EC3412 |
Availabilities | |
| Townsville, Internal, Study Period 1 | |
| Census Date 24-Mar-2011 | |
| Coord/Lect: | Dr Riccardo Welters. |
| Contact hours: |
|
| Assessment: | end of semester exam (25%); quizzes or tests (25%); presentations (15%); essays (35%). |
| Cairns, Block, Study Period 7 | |
| Census Date 07-Jul-2011 | |
| Face to face teaching 10-Jul-2011 to 15-Jul-2011 (Face to face dates - Sun 10 July 9 - 1pm and Mon 11 to Fri 15 July 9 - 4pm.) | |
| Coord/Lect: | Dr Riccardo Welters. |
| Contact hours: |
|
| Assessment: | end of semester exam (25%); quizzes or tests (25%); presentations (15%); essays (35%). |
Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.