Australian Economic Institutions
University of Queensland
Area of Study
Economics, International Economics, Pacific Studies, Urban Studies and Planning
Taught In English
This course requires additional faculty approval for entry.
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Host University Units2
Recommended U.S. Semester Credits4
Recommended U.S. Quarter Units6
Hours & Credits
OverviewCourse DescriptionContemporary Australian economy & economic institutions & their evolution in the recent past.Learning ObjectivesAfter successfully completing this course you should be able to:
Class Contact2 Lecture hours, 1 Tutorial hourAssessment SummaryTutorial Notes: 10%Briefing Paper 1: 10%In Calss Quiz: 20%Briefing Paper 2: 10%Final Exam: 50%
- Explain the meaning of the term 'economic institutions'.
- Discuss economic institutions in terms of the concept of 'economic power'.
- Understand the role of the Commonwealth Constitution in shaping and directing the Australian economy.
- Explain how government policies are the principal form in which economic power may be exercised.
- Explain in general terms how economic institutions may influence economic activity.
- Describe and analyse the economic institutions that have evolved in Australia in respect of the aspects of the economy and economic activity examined, including: federalism; the labour market; industry assistance; the financial sector; competition policy; telecommunications; retirement income policy; the taxation system; and the environment.
- Recognise and evaluate the way in which values determine the choice of economic institutions.
- Prepare written briefing papers to describe and explain the institutional underpinnings of selected areas of economic activity.
- Write short notes to describe and explain the institutional underpinnings of selected areas of economic activity.
- Respond to questions about and discuss the institutional underpinnings of economic activity in Australia.
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Some courses may require additional fees.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.