Please note - Swinburne University of Technology

~~222 Industry and Government
No. of hours per week: three hours
Prerequisites: BE1 10 Microeconomics
Instruction: lecture/tutorial
Assessment: examinationlassignment
Subject aims and description
This subject builds on the material covered in Economics 1A.
Students who are contemplating major studies in economics
should include this subject and BE22 1 Managerial Economic
Analysis in their courses.
The subject deals with the performance of industry in
contemporary economies with special reference to Australia
and considers the role of government in these economies.
Performance criteria, the nature of the modern corporation
(including transnational corporations) and specific approaches
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to industrial policy and regulation are d~scussed.
5. Text books
$. To be advised
9. References
Caves, R., Ward, I., Williams, P. and Wright, C. Australian Industry:
. Structure, Conduct and Performance. 2nd edn, Sydney, Prentice Hall.
1987
Terry, C., Jones, R, and Braddock, R. (eds.) Australian Microeconomic
Policies. 3rd edn, Sydney, Prentice Hall, 1988
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~~223 lndustrial Relations
No. of hours per week: three hours
Prerequisites: BE1 10 Microeconomics
Instruction: lectureltutorial
Assessment: examination/assignments
Subject aims and description
$. This subject aims to equip students with an understanding of
the Australian industrial relations systems, w~th particular
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emphasis on the Federal and Victorian jurisdictions.
As well as providing a theoretical framework within which
the industrial relations systems operate, the subject will
address a range of contemporary issues including current
federal and state legislative provisions, labour market
reforms, trade union issues and the role of management in
industrial relations.
Topics to be studied within the subject include:
industrial conflict;
the role of the parties - unions, employers, government;
federal and state arbitral systems;
wage determination;
management and industrial relations.
Specific references will be provided at the beginning of the
subject, however, the following references will provide useful
preliminary reading:
References
Deery, S. and Plowman, D. Australian lndustrial Relations. 3rd edn,
Sydney, McGraw-Hill, 1991
Hill, J., Howard, W.A. and Lansbury, R. lndustrial Relations: An
Australian Introduction. Melbourne, Longman Cheshire, 1982
BE224
Economic Evaluation
No. of hours per week: three hours
Prerequisite: BE1 10 Microeconomics
Instruction: classes
Assessment: examinationlassignment
Subject aims and description
This subject provides students with a sound grasp of basic
concepts and techniques of economic evaluation for
application in areas such as: a review of the effectiveness of
budgetary programs, evaluation of major construction
projects and capital equipment acquisition, and costeffectiveness
studies. Emphasis in the subject is on the
development of interpretive skills, through awareness and
knowledge of important factors entering into the evaluation
process and an appreciation of the elements of uncertain and
imprecise information.
Textbook
Department of Finance. Evaluating Government Programs: Financial
management Improvement Program. Canberra, Australian
Government Publishing Service, 1987
Hollick, M. An Introduction to Project Evaluation, Melbourne,
Longman Cheshire, 1993
~ ~ 2 2 5 Economic Techniques for Business
This subject is no longer running, take equivalent subject
BQ221 Marketing Data Management.
~~226 Macroeconomic Policy
No. of hours per week: three hours
Prerequisite: BE220 Macroeconomics
Instruction: one class
Assessment: examinationlassignment
Subject aims and description
This is a second year subject which builds on the material
covered in BE220, the first year macro subject. The focus of
the subject is macroeconomic policy in an applied sense.
The main objectives of the subject are to:
Broaden students' understanding and appreciation of
macroeconomic principles, current issues and policy.
Provide students with the necessary skills to evaluate
macroeconomic policies.
Specific topics include the measurement of macroeconomic
performance, limitations of major aggregate indicators,
sources of fluctuations in economic activity, major
macroeconomic problems, macroeconomic management
within an open economy.
The course will describe the deficiencies in earlier
macroeconomic theories which led to disaffection. But the
theories now in vogue and importantly the policies based
upon them, have their own limitations which will be
explained.
References
Argy, V. Australian Macroeconomic Policy in a Changing World
Environment. North Sydney, Allen and Unwin, 1992
Indecs, 'State of Play 7'. The Australian Economic Policy Debate.
Sydney, Allen and Unwin, 1992
McTaggart, 0. et al. Macroeconomics. Wokingham, U.K., Addison
and Wesley, 1992
Stewart, Michael, Keynes and After; 3rd edn, London, Penguin, 1986