AIP780 - Political Economics
| Year: | 2027 unit information |
|---|---|
| Enrolment modes: | Trimester 2: 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 - online: | 1 x 1-hour online seminar per week |
Content
This unit examines the dynamic relationship between political institutions, economic systems and social outcomes. Managing the economy is one of the core roles of government, but the relationship between the two is dynamic and contested. To begin, what even is the economy, and what does a healthy economy look like? What institutions and social behaviours does it entail, and what power do governments have to interact or intervene with these? Students will engage critically with orthodox and heterodox theories of political economy, including a survey of political ideology and its impact on economic policy over the twentieth and twenty-first centuries.
Empirical analysis will pay special attention to three significant policy challenges. The first is economic downturns: their causes, policy responses, and long- term impacts. Second is gendered and intergenerational inequality, including the devaluing of care, and structures of wealth transfer. The third challenge is the foundational idea of contemporary societies of continuous economic growth, and the implications for the planet.
Students will develop a deeper understanding of how power, social forces, institutions and policy shape wealth distribution, development, innovation, and standards of living. Themes of the unit include the financialization of everyday life, corporate globalisation, political instability, environmental sustainability, economic growth, and social justice. Students will complete the unit with a strong understanding of the role of elite economic institutions and actors, and citizen- led innovations such as citizen budgeting.
Unit fee information
Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.
Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.
For further information regarding tuition fees, other fees and charges, invoice due dates, withdrawal dates, payment methods visit our Current Students website.