Political Economy

Political Economy

Major

A major in Political Economy requires 48 credit points from this table including:
(i) 12 credit points of 1000-level units
(ii) 6 credit points of 2000-level core units
(iii) 6 credit points of 2000-level selective units
(iv) 18 credit points of 3000-level selective units
(v) 6 credit points of 3000-level Interdisciplinary Project unit

Minor

A minor in Political Economy requires 36 credit points from this table including:
(i) 12 credit points of 1000-level units
(ii) 6 credit points of 2000-level core units
(iii) 6 credit points of 2000-level selective units
(iii) 12 credit points of 3000-level selective units

1000 level units of study

ECOP1001 Economics as a Social Science

Credit points: 6 Session: Intensive July,Semester 1,Summer Main,Winter Main Classes: 1x2hr lectures/week, 1x1hr tutorial/week Assessment: 10x10 questions online multiple choice quiz (20%), 1x750wd mini-essay (10%), 1x2000wd essay (35%), 1x1750wd essay (25%), tutorial participation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
Note: Department permission required for enrolment
Economic issues are central to the world in which we live. Economists hold very different views about the cause of these issues, how the economic system works and how it could work differently to improve outcomes for society. This unit explores the principal schools of economic thought - Classical, Marxian, Institutional, Neoclassical and Keynesian - and considers how different economic theories explain the nature of the economic system in which we live, shape views about policies implemented by governments, and advocate different policy solutions to persistent economic and social problems.
ECOP1003 International Economy and Finance

Credit points: 6 Session: Semester 2 Classes: 2x1hr lectures/week, 1x1hr tutorial/week or equivalent intensive session Assessment: 1x1000wd Essay (20%), 1x2000wd Essay (40%), 1x1.5hr Exam (30%), Tutorial participation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit explores global economic integration, especially the renewed 'globalisation' from the 1980s. It considers changing historical patterns and different explanatory theories. It analyses debates about whether globalisation has been for the better or worse and who have been the winners and the losers. The Unit concurrently explores the forms of, and debates about, the regulation of economic activity on a global scale, addressing the development and changing roles of states and international agencies.

2000 level units of study

Core
ECOP2011 Economic Theories of Modern Capitalism

Credit points: 6 Session: Semester 1 Classes: 2x1hr lectures/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 1000 level in Political Economy Prohibitions: ECOP2001 Assessment: 1x1500wd Essay (40%), 1x2hr exam (40%), 1x500wd Tutorial presentation (10%), Tutorial participation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit of study examines the economic theory that emerged with the formation and development of capitalism. It explores the key theoretical focuses of political economy, classical, neo-classical and general equilibrium theories, before proceeding to analyze the economics of Keynes and post-Keynesian theory, and reflecting on contemporary macroeconomic debates, including production, the distribution of income and economic growth.
ECOP2012 Social Foundations of Modern Capitalism

Credit points: 6 Session: Semester 1 Classes: 1x1hr lecture/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 1000 level in Political Economy Prohibitions: ECOP2002 Assessment: 1x1000wd Short-Essay (20%), 1x2000wd Major-Essay (35%), 1x1000wd equivalent Tutorial presentation (10%), 1x2hr Exam (35%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit examines the ways in which economic activity is 'embedded' within a broader social structure. Institutions including those of capital, labour, the family and the state are studied. The unit considers the conflict, contradiction and cohesion inherent in the relationships between these institutions and processes of capital accumulation.
ECOP2612 Economic Policy in Global Context

Credit points: 6 Session: Semester 2 Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 1000 level in Political Economy Assessment: 1x1000wd Essay (25%), 2x2000wd Essay (35%), 1.5hr exam (30%), Tutorial participation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
Some of the most contentious issues in political economy concern the role of the state in relation to contemporary economic problems. This unit of study examines particular economic policies, how they are shaped by competing theories, interests and ideologies, and how they operate in practice. Emphasis is placed on the Australian experience. Attention is also given to how economic policy is shaped by international economic conditions.
Selectives
ECOP2011 Economic Theories of Modern Capitalism

Credit points: 6 Session: Semester 1 Classes: 2x1hr lectures/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 1000 level in Political Economy Prohibitions: ECOP2001 Assessment: 1x1500wd Essay (40%), 1x2hr exam (40%), 1x500wd Tutorial presentation (10%), Tutorial participation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit of study examines the economic theory that emerged with the formation and development of capitalism. It explores the key theoretical focuses of political economy, classical, neo-classical and general equilibrium theories, before proceeding to analyze the economics of Keynes and post-Keynesian theory, and reflecting on contemporary macroeconomic debates, including production, the distribution of income and economic growth.
ECOP2012 Social Foundations of Modern Capitalism

Credit points: 6 Session: Semester 1 Classes: 1x1hr lecture/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 1000 level in Political Economy Prohibitions: ECOP2002 Assessment: 1x1000wd Short-Essay (20%), 1x2000wd Major-Essay (35%), 1x1000wd equivalent Tutorial presentation (10%), 1x2hr Exam (35%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit examines the ways in which economic activity is 'embedded' within a broader social structure. Institutions including those of capital, labour, the family and the state are studied. The unit considers the conflict, contradiction and cohesion inherent in the relationships between these institutions and processes of capital accumulation.
ECOP2612 Economic Policy in Global Context

Credit points: 6 Session: Semester 2 Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 1000 level in Political Economy Assessment: 1x1000wd Essay (25%), 2x2000wd Essay (35%), 1.5hr exam (30%), Tutorial participation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
Some of the most contentious issues in political economy concern the role of the state in relation to contemporary economic problems. This unit of study examines particular economic policies, how they are shaped by competing theories, interests and ideologies, and how they operate in practice. Emphasis is placed on the Australian experience. Attention is also given to how economic policy is shaped by international economic conditions.
ECOP2613 Political Economy of Global Capitalism

Credit points: 6 Session: Semester 2 Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 1000 level in Political Economy Prohibitions: ECOP3012 Assessment: 1x1000wd Essay (20%), 1x2000wd Essay (40%), 1x1.5hr exam (30%), Tutorial participation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit examines the development of the capitalist world economy. The unit examines different theoretical perspective for understanding this development, and situates it within a long-term historical context. Key issues examined include: the post-World War II boom, the formation of the international monetary system and its crisis following the end of the long boom, the global role of the United States and the formation of growth poles in Europe and Asia and the global crisis of the early 21st century.
ECOP2616 Inequality and Distribution

Credit points: 6 Session: Semester 2 Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 1000 level in Political Economy Prohibitions: ECOP3620 Assessment: 1x800wd data analysis (20%), 1x1500wd major essay (40%), 1x1.5hr exam (25%), Tutorial participation (700wd equivalent) (15%) Mode of delivery: Normal (lecture/lab/tutorial) day
Although our current era is characterized by the unprecedented legitimacy of equality as an ideal and as a political norm, it is marked by vast social and economic inequalities. This unit seeks to explain this paradoxical situation. It introduces students to some of the central theoretical questions; investigates the historical development of inequality within and between countries; and examines some of the key mechanisms through which inequality is produced in modern societies. It concludes by considering possible alternatives and responses.
ECOP2617 Globalisation and Labour

Credit points: 6 Session: Semester 1 Classes: 2x1hr lectures/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 1000 level in Political Economy Prohibitions: ECOP3622 Assessment: 1x1.5hr Exam (40%), 1x2000wd group project (40%), 1x1000wd equivalent Tutorial presentation (20%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit of study examines the changing character and organisation of work associated with the shifting dynamics of globalisation. The organisation of work is explored in terms of the interplay of formal and informal sectors of contemporary capitalist economies and waged and non-waged labour, and the place of key institutions, including the state, capital, unions and households, in shaping patterns of capital accumulation.
ECOP2618 Neoliberalism: Theory, Practice, Crisis

Credit points: 6 Session: Semester 2 Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 1000 level in Political Economy Prohibitions: ECOP3623 Assessment: 1x2000wd Essay (40%), 1x1000wd equivalent Oral Presentation (20%), 1x1.5hr exam (30%) and Tutorial participation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
Neoliberalism is a key concept in contemporary debates about the forces reshaping the global economy. This unit introduces students to the history, theories and practices of neoliberalism. The unit begins with a focus on neoliberal ideas. It then examines institutional transformations in the neoliberal era, and changes to the economy and processes of capital accumulation. Students are exposed to competing scholarly interpretations of neoliberalism, before turning to an examination of neoliberalism and the global financial crisis.
ECOP2619 Development in Emerging Economies

Credit points: 6 Session: Semester 1,Summer Main Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 1000 level in Political Economy Prohibitions: ECOP3014 Assessment: 1x800wd data analysis (20%), 1x1500wd research essay (35%), 1x1.5hr exam (30%), Tutorial participation (700wd equivalent) (15%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit is about the political economy of development. Students are introduced to contemporary debates about the meaning and measurement of poverty and development in emerging economies such as India and China. Students will learn to evaluate the socio-economic dynamics of poverty and current approaches to development policy, including new models of development finance and aid, the use of social policy as a development tool and the critical role that gender, climate change and technology play in the development experience.
ECOP2911 Class: Exploring Theory and Method

Credit points: 6 Session: Semester 2 Classes: 1x2hr seminar/week Prerequisites: 12 credit points at 1000 level in Political Economy Prohibitions: ECOP2901 Assessment: 1x1200wd Seminar paper (15%), 1x1500wd Essay (20%), 1x2500wd Research paper (40%), 1x800wd equivalent Seminar presentation (15%) and Seminar participation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit of study introduces students to some of the big debates in the social sciences, through an exploration of the meaning and limits of class concepts in social theory. Structure and agency, fact and interpretation, the politics of theory, and the nature of the Good Society are all considered. The unit is both an enrichment program adding breadth to the range of issues you study in Pass units of study, and an advanced program adding depth to your analytical and writing skills in Political Economy, in preparation for a third year studies and for a final honours year.

3000 level units of sttudy

Selective
ECOP3015 Political Economy of the Environment

Credit points: 6 Session: Semester 2 Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prerequisites: (ECOP2011 or ECOP2012 or ECOP2612) and (ECOP2613 or ECOP2614 or ECOP2616 or ECOP2617 or ECOP2618 or ECOP2619 or ECOP2911) Prohibitions: ECOP3005 Assessment: 1x1200wd Essay (25%), 2500wd Case study (45%), 1x800wd Group tutorial paper/presentation (20%), Tutorial participation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit of study examines how economic interactions with the environment are conceptualised, and the nature of environmental problems, their emergence and how they are 'managed' within capitalism. Different conceptions of the economic-environment relation are explored largely through the lectures which introduce theories of environmental economics, ecological economics and radical critiques of human interactions with ecological systems. Tutorials examine concrete economic-environment problems along with the public policies and business management practices implemented in response.
ECOP3017 Human Rights in Development

Credit points: 6 Session: Semester 1 Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prerequisites: (ECOP2011 or ECOP2012 or ECOP2612) and (ECOP2613 or ECOP2614 or ECOP2616 or ECOP2617 or ECOP2618 or ECOP2619 or ECOP2911) Prohibitions: ECOP3007 Assessment: 1x1000wd Essay (20%), 1x2000wd Essay (40%), 1x1.5hr exam (30%) , Tutorial participation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit studies human rights in development. International debates about human rights and democratic legitimacy are linked to structural economic arguments and to cultural and structural debates over the process of socioeconomic change. This introduces the competing arguments over rights, the distinction between formal and effective rights and the social struggles that have created them. The approach of economic liberalism, emphasising property rights and the role of competition as an arbiter of equal opportunities in society, is discussed. The unit also includes international studies of indigenous rights and labour rights, the globalisation of capital and citizenship, and structural and cultural arguments over the nature of socio-economic change.
ECOP3019 Political Economy of Money and Finance

Credit points: 6 Session: Semester 1 Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prerequisites: 6 Intermediate credit points from Political Economy Prohibitions: ECOP3009 Assessment: 750wd Essay (20%) and 1750wd Essay (35%) and 1.5hr exam (35%) and 500wd equivalent Tutorial presentation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
Capitalism is organised through the circulation and pursuit of money. The financial system is neither a parasite on nor a veil over the 'real economy', but its organiser and disciplinarian. It also breaks down from time to time, sometimes spectacularly. This unit explores money and finance from a political economy perspective. It covers the evolution of money from the gold standard to the present, the institutions, instrument and markets of modern finance, with a special focus on financial innovation and its challenges. It introduces mainstream and critical theories of finance, and applies them to understanding real world structures and events.
ECOP3021 Development and Environment in India

Credit points: 6 Session: Intensive February Classes: 3 week field school Prerequisites: ECOP1001, ECOP1003 plus 12 credit points chosen from: ECOP2011 OR ECOP2012 OR ECOP2612. Enrollment is on application only with places limited. Assessment: 1x2000wd group seminar report (30%), 1x2000wd essay (30%), 1x500wd blog post (15%), 1x1500wd field diary (10%) participation (15%) Mode of delivery: Field experience
Note: Department permission required for enrolment
This is an intensive 3 week integrated program of classes and field visits on the political economy of development and environmental management in India. The course provides students with a cross-disciplinary international learning experience in which they develop familiarity with an important Asian regional economy and the cultural competency to do research in this context.
ECOP3601 Cyclical Fluctuations

This unit of study is not available in 2018

Credit points: 6 Session: Semester 2 Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prerequisites: 12 credit points from (ECOP2011, ECOP2012, ECOP2612) Prohibitions: ECOP2601 Assessment: 1x1000wd Essay (25%), 1x2000wd Research project (35%), 1x1.5hr exam (30%), Tutorial participation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit surveys historical and contemporary theories to explain cyclical behavior in a market economy, recognising there are different types of cycles. Students will be trained to use techniques to detect cycles, trends, volatility and turning points. Students will complete a project which detects cyclical behavior, analyses the social, political and institutional features of an economy that may influence cyclical patterns, and discusses the challenges for policymakers to softening the ill-effects of economic downturns and create conditions for recovery.
ECOP3911 Theories in Political Economy

Credit points: 6 Session: Semester 1 Classes: 1x2hr seminar/week Prerequisites: ECOP2911 and (ECOP2011 or ECOP2012 or ECOP2612) Prohibitions: ECOP3901 Assessment: 1x1500wd paper (20%), 1x3000wd paper (40%), 1x1500wd Tutorial presentation (25%), Tutorial participation (15%) Mode of delivery: Normal (lecture/lab/tutorial) day
Note: Third year students who have not completed the prerequisites should consult the Department of Political Economy about alternative requirements.
This unit of study looks at the various theoretical frameworks within which political economic analysis is constructed. It compares the methodologies of the principal schools of economic thought with particular emphasis on the non-neoclassical approaches to the study of economic issues. Students considering Honours are strongly advised to undertake this unit as it provides the preparation necessary for the Honours year.
ECOP3912 Research in Political Economy

Credit points: 6 Session: Semester 2 Classes: 1x2hr seminar/week Prerequisites: ECOP2911 and (ECOP2011 or ECOP2012 or ECOP2612) Prohibitions: ECOP3902 Assessment: 1x2000wd Essay (30%), 1x statistical exercise (1000wd equiv) (20%), 1x3000wd research proposal (40%), Seminar participation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
Note: Third year students who have not completed the prerequisites should consult the Department of Political Economy about alternative requirements.
This unit prepares students for independent research in Political Economy. It focuses on methodology and the philosophy of social science, and covers quantitative and qualitative methods as well as practical aspects of developing and carrying out a research project.
ECOP3022 Political Economy of Gender

Credit points: 6 Session: Semester 2 Classes: 2x1hr lectures/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 2000 level in Political Economy Prohibitions: ECOP3016; ECOP2614 Assessment: 1x 1hr Exam (30%), 1x 1500wd Case study (20%), 1x 2000wd Research essay (40%), 1x Tutorial participation (10%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit examines gender in the global context. Gender is an important social relation that shapes the political economies of developed and developing countries. The unit focuses on gender relations as a subject of economic thought and analysis. It explores the ways in which contemporary gendered patterns of employment, production, distribution and exchange have been shaped historically and institutionally.

Interdisciplinary Project unit of study

FASS3999 Interdisciplinary Impact

Credit points: 6 Session: Semester 1,Semester 2 Classes: 1hr lecture/performance event week for 5 weeks 2hr workshop per week for 10 weeks 2hr online learning modules for 5 weeks Prerequisites: 18 credit points at 2000 level Assessment: 1x 2000 wds equivalent Mapping knowledge exercise (30%), 1x 10 minutes Collaborative Presentation (30%), 1x 2000 wds equivalent Critical reflection essay (40%) Mode of delivery: Normal (lecture/lab/tutorial) day
Note: Department permission required for enrolment
Interdisciplinarity is a key skill in fostering agility in life and work. This unit provides learning experiences that build students' skills, knowledge and understanding of the application of their disciplinary background to interdisciplinary contexts. In this unit, students will work in teams and develop interdisciplinarity skills through problem-based learning projects responding to 'real world problems'.

Honours

Honours in Political Economy requires 48 credit points from this table including:
(i) 12 credit points of 4000-level seminar units
(ii) 36 credit points of 4000-level thesis units

Seminar units

ECOP4011 Advanced Theory in Political Economy

Credit points: 6 Session: Semester 1 Classes: 1x2hr seminar/week for 12 weeks Assessment: 1x 1000wd equivalent Seminar leadership (25%), 1x 1000wd Seminar paper (15%), 1x 1000wd equivalent Learning journal (10%), 1x 3000wd Research essay (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
This is an advanced unit in the theoretical foundations of political economy. The unit explores some of the main schools of critical scholarship and how they can be deployed in our research practice to illuminate contemporary issues in political economy.
ECOP4012 Advanced Research in Political Economy

Credit points: 6 Session: Semester 1 Classes: 1x2hr seminar/week for 12 weeks Assessment: 1x 1000wd equivalent Seminar leadership (25%), 1x 1000wd Seminar paper (15%), 1x 1000wd equivalent Learning journal (10%), 1x 3000wd Research essay (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
This is an advanced unit that considers the relationship between theory and practical research questions. The unit draws on contemporary theoretical innovations and explores how they contribute to research in political economy and public policy.

Thesis units

ECOP4013 Political Economy Honours Thesis 1

Credit points: 12 Session: Semester 1 Classes: Normally 1 hr consultation with supervisor every second week or as agreed between student and supervisor. Assessment: 1x Thesis development (100%) Mode of delivery: Supervision
This unit is designed to support the development of a student research theses. The unit will include a number of thesis development workshops including an orientation to the honours year, writing a literature review and Research in Progress presentations to a departmental forum. These activities are designed to supplement the regular student-supervisor relationship and thesis writing undertaken in Semester 1.
ECOP4014 Political Economy Honours Thesis 2

Credit points: 24 Session: Semester 2 Classes: Normally 1 hr consultation with supervisor every second week or as agreed between student and supervisor Assessment: 1x 20,000wd Research thesis (100%) Mode of delivery: Supervision
This unit requires students complete an original piece of sustained research in political economy. Students are provided expert supervision by a member of the Department who will guide the research and writing process.

Advanced Coursework

The requirements for advanced coursework in Political Economy are described in the degree resolutions for the Bachelor of Arts/Bachelor of Advanced Studies.
24-36 credit points of advanced study will be included in the table for 2019.