Economic Policy in Society - 2018

Unit summary


  • Level of Study: Undergraduate Level 3
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: FEE-HELP, HECS-HELP
  • Availability for 2017: SP3
  • Availability for 2018: SP3
  • Assessment: Assignment - Individual (30%-40%) , Invigilated Exam - Individual (30%-50%) - Learn more

Unit provided by

2018 Fees
Domestic 3,070.00
Domestic continuing 1,465.00
HECS 1,368.00
International 3,320.00
International continuing 1,715.00

Tuition fees are reduced for continuing registered SWI students.
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Economic Policy in Society the economic concepts of public choice theory, market failure and government failure will be used to analyse the conduct of a range of government polices in Australia. These policy areas will include such things as industry/agricultural policy, utilities regulation, health and welfare policy, taxation and education. In doing so the unit has three broad aims. The first is to help students to understand and appreciate the relevance of economic principles and concepts to the development of policy in Australian society. The second is to assist students to develop their ability to apply economic reasoning to real world policy issues. The third is to encourage students to contribute to the policy process and help shape a better society. 

Students who successfully complete this unit will be able to:

  1. Analyse policy issues, making reference to relevant contemporary economic principles
  2. Demonstrate analytical thinking through discussion and debate relating to the relationships between policy goals
  3. Evaluate proposed policy changes to assess impact with view to identifying potential gainers and losers
  4. Engage confidently and competently in debate about economic policy in society.
  • Assignment — Individual (30%-40%)
  • Invigilated Exam — Individual (30%-50%)
  • Research Essay — Individual (20%-30%)
For more information on invigilated exams see Exams and results

Mandatory prerequisites

You must have successfully completed the following unit(s) before starting this unit:

If you have completed equivalent study at another university, please contact a Student Advisor for advice.

Students must complete 150 cps (12 units) prior to enrolling in this unit.

This unit addresses the following topics.

1The nature and goals of policy
3Income distribution
4Infrastructure, technology and growth
5Taxation policy

This unit is delivered using the following methods and materials:

Print based materials

  • Welcome Letter

Online materials

  • Printable format materials

This unit is part of a major, minor, stream or specialisation in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.

Textbook information for this unit is currently being updated and will be available soon. Please check back regularly for updates. Alternatively, visit the The Co-op website and enter the unit details to search for available textbooks.

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