Political Economy Descriptions

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: Semester 1,Semester 2 Classes: 1x2hr lecture/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
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: 1x2000wd essay (40%), 1x1.5hr exam (40%), 1x1000wd tutorial leadership and write up (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.
Selective
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: 1x2000wd essay (40%), 1x1.5hr exam (40%), 1x1000wd tutorial leadership and write up (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

This unit of study is not available in 2020

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

This unit of study is not available in 2020

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: 1x1000wd short essay (20%), 1x500wd equiv group presentation (10%), 1x2000wd essay (30%), 1x1hr exam (30%), participation (10%) 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.
ECOP2619 Development in Emerging Economies

Credit points: 6 Session: Semester 1 Classes: 1x2hr lectorial/week Prerequisites: 12 credit points at 1000 level in Political Economy Prohibitions: ECOP3014 Assessment: 1x1000wd short data analysis (20%), 1x2000wd research essay (35%), 1x1500wd equivalent lectorial participation (15%), 1x1.5hr exam (30%) 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.

3000-level units of sttudy

Selective
ECOP3011 Class: Exploring Theory and Method

Credit points: 6 Session: Semester 2 Classes: 1x2hr seminar/week Prerequisites: 12 credit points at 2000 level in Political Economy Prohibitions: ECOP2901 or ECOP2911 Assessment: 1x Seminar Participation (10%), 1x1200wd Seminar Paper (15%), 1x1500wd Manifesto Essay (20%), 1x2500wd Final Paper (40%), 1x800wd Seminar Presentation (15%) 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, theory and praxis, gender, race, and the contemporary relevance of class are all considered. Students will extend their knowledge of the methods used for studying class, gender, and race empirically. They will also learn to communicate ideas verbally and in clear readable prose through an oral presentation and structured essays. This unit adds breadth to the range of issues you study in 2000 level units and depth to your analytical and writing skills in Political Economy.
ECOP3015 Political Economy of the Environment

Credit points: 6 Session: Semester 1 Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 2000 level in Political Economy 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

This unit of study is not available in 2020

Credit points: 6 Session: Semester 2 Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 2000 level in Political Economy 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

This unit of study is not available in 2020

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: 12 credit points at 2000 level in Political Economy 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.
ECOP3022 Political Economy of Gender

This unit of study is not available in 2020

Credit points: 6 Session: Semester 1 Classes: 2x1hr lectures/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 2000 level in Political Economy Prohibitions: ECOP3016 or ECOP2614 Assessment: 2x1000wd short essay (40%), 1x2000wd research essay (40%), 1x500wd tutorial presentation (10%), 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.
ECOP3601 Cycles and Instability

Credit points: 6 Session: Semester 1 Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 2000 level in Political Economy 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 that explain sources of instability in capitalist economies - both cyclical and non-cyclical. Students will be trained to use techniques to detect cycles, trends, volatility and turning points. Students will complete a project which evaluates sources of instability, emphasizing the social, political and institutional features of an economy that may influence its severity, and discusses the challenges for policymakers to softening the ill-effects of economic downturns and create conditions for recovery.
ECOP3618 Neoliberalism: Theory, Practice, Crisis

Credit points: 6 Session: Semester 2 Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prerequisites: 12 credit points at 2000 level in Political Economy Prohibitions: ECOP2618 Assessment: 1x500wd equivalent oral presentation (10%), 1x500wd paper (10%), x participation (10%), 1x2000wd research essay (40%), 1x1.5hr exam (30%) 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.
ECOP3911 Theories in Political Economy

Credit points: 6 Session: Semester 1 Classes: 1x2hr seminar/week Prerequisites: 12 credit points at 2000 level in Political Economy including ECOP2911 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: 12 credit points at 2000 level in Political Economy including ECOP2911 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.

Interdisciplinary Project unit of study

Where this major is being completed as a first major towards a degree, students should ensure that the Interdisciplinary Impact unit of study is undertaken.
Where this major is being completed as a second major from the Faculty of Arts and Social Sciences towards a degree, the Industry and Community Project unit of study is the appropriate unit to select.
ECOP3999 Interdisciplinary Impact

Credit points: 6 Session: Intensive December,Intensive July,Semester 1,Semester 2 Prerequisites: Completion of at least 90 credit points Prohibitions: Interdisciplinary Impact in another major Mode of delivery: Normal (lecture/lab/tutorial) day
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'.
ECOP3998 Industry and Community Project

Credit points: 6 Session: Intensive April,Intensive August,Intensive December,Intensive February,Intensive July,Intensive June,Intensive March,Intensive May,Intensive November,Intensive October,Intensive September,Semester 1,Semester 2 Corequisites: Interdisciplinary Impact in any major. Mode of delivery: Normal (lecture/lab/tutorial) day
This unit is designed for third year students to undertake a project that allows them to work with one of the University's industry and community partners. Students will work in teams on a real-world problem provided by the partner. This experience will allow students to apply their academic skills and disciplinary knowledge to a real-world issue in an authentic and meaningful way.