FIN2001H Economic Policy and the Global Environment

Academic Year 2019/2020

This module covers the main areas relating to economic policy and insight into the principles of economics. Among the topics covered are: the economic problem; demand and supply; elasticity; efficiency and equity; output and costs; perfect competition; monopoly; macro issues; measuring GDP; aggregate supply and aggregate demand; income determination; fiscal policy; money; monetary policy; fiscal and monetary policy.

It also deals with supply and demand sides of the economy; targets and instruments of policy; fiscal policy; unemployment; incomes policies; monetary policy and exchange rates policies. It also examines the labour force with a focus on education; capital stock with a focus on investment and research and the market system with a focus on competition and regulation. Also covered are education and economic growth; industrial policy and competition policy. The module provides for the blending of its theory and practice contents with the collective workplace experiences of the participants, to this end participants will be expected to contribute critical reflection on their workplace experiences along with collaborative interpretation of such experiences in both classroom and study group settings. Advance preparation for classes and workshops will be an important feature, with readings and questions for reflection assigned at the commencement of the trimester.

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Curricular information is subject to change

Learning Outcomes:

On completion of this module you should be able to:Understand the key principles of economics including the economic problem; demand and supply; elasticity; efficiency and equity; output and costs; perfect competition; monopoly
Demonstrate an ability to critically discuss contents of the module and your workplace experience.Understand the main policy issues confronting governments and the potential conflicts between different aspects of policy; the constraints within which governments now operate as a consequence of globalisation and globalised agreements;On the demand side of the economy explain the role of policy - fiscal; incomes; monetary; & exchange rate - in the development of the economy in the short-run;On the supply side of the economy to understand the importance of:labour force and the level of education; the capital stock, technology, foreign direct investment and industrial policy; and the crucial role of the market system: competition policy, externalities, market failure.

Student Effort Type Hours
Lectures

20

Specified Learning Activities

85

Autonomous Student Learning

102

Total

207

Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Equivalents:
Economic Policy and the Global (ECON2001H)

 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: Examination 2 hour End of Trimester Exam No Graded No

50

Assignment: Main Assignment Varies over the Trimester n/a Graded No

50


Carry forward of passed components
No
 
Resit In Terminal Exam
Spring Yes - 2 Hour
Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

General feedback is provided to students on all their submitted assessment components.

Name Role
Wincey Cheung Tutor
Ms Michele Connolly Tutor
Mrs Edna Eugenia Da Silva Tutor
William Wong Tutor

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