AIP780 - Governing the Economy

Year:

2021 unit information

Enrolment modes: Trimester 2: Cloud (online)
Credit point(s): 1
EFTSL value: 0.125
Prerequisite:

Nil

Corequisite:

Nil

Incompatible with:

Nil

Study commitment

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

Scheduled learning activities - cloud (online)

Online independent and collaborative learning activities equivalent to 1 x 1-hour per week

Content

The economy is central to the quality of life of citizens. Managing the economy, it follows, is one of the core roles of government. The relationship between government and the economy is always shifting and contested, however. To what extent can and should governments govern the economy? In this unit, we examine Australia’s wealth – how it grew, how it is maintained, and how governments plan for the future. We examine the different levers governments can use to influence the economy, and the impact of this intervention. We observe what governments can do when the unexpected occurs. By all measures, Australia is a wealthy country, but not all citizens have equal access to that wealth, so we also examine how inequality is produced and perpetuated, the impact of inequality, and what can be done about it. The unit closes with an examination of the presumption of endless economic growth in times of global uncertainty and climate change.

Unit Fee Information

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