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◄Faculty of Economics and Administration►

EQA 7012 ISSUES IN ECONOMIC ANALYSIS
Learning Outcomes At the end of the course, the students are able to:
(1) Debate critically contemporary economic issues that are of
interest to society;
(2) Evaluate issues of related public policy; and
(3) Generate the implication of a wide range of economic issues
Synopsis of Course This course deals with contemporary economic issues and the
Contents related public policy. The areas to be discussed include
developments in growth economics, network economics, financial
globalization, law and finance, and population ageing and the
provision of old age pensions. The focus of discussion covers
disparity among nations and the convergence controversy;
externalities, inter-dependency and path-dependence of the
network industries; financial meltdowns in past emerging market
globalization episodes; corporate finance and governance and its
inter-relationship to the financial system and legal infrastructure;
and debates about pension reform as well as retirement
investing.
Assessment Methods Continuous Assessment : 50%
Examination : 50%

Main Reference (1) Brock, William A and Durlauf, Steven N (2000). Growth
Economics and Reality, NBER Working Paper Series 8041,
pp. 1-52.
(2) Ruttan, Vernon W (1998). The New Growth Theory and
Development Economics: A Survey. Journal of Development
Studies, 35(2), pp. 1-26.
(3) McLean, Ian (2004). Australian Economic Growth in
Historical Perspective, School of Economics Working Paper
2004-01, University of Adelaide, pp.1-30.
(4) Sala-i-Martin, Xavier (2002). 15 Year of New Growth
Economics: What Have We Learnt? Working Papers Central
Bank of Chile 172, pp.1-20.
(5) Rosin, Odelia (2008). The Economic Causes of Obesity: A
Survey, Journal of Economic Surveys, 22(4), pp 617-647.
(6) Vulkan, Nir (1999). Economic Implications of Agent
Technology and E-Commerce, The Economic Journal, 109
(Feb), F67-90.
(7) Birke, Daniel (2009). The Economics of Networks: A Survey
of the Empirical Literature, Journal of Economic Surveys,
23(4), pp 762-793.
(8) Kose, M Ayhan, Prasad, E,Rogoff, K& Wei Shang-Jin (2006).
Financial Globalization – A Reappraisal, NBER Working
Paper 12484, pp. 1-91.
(9) Prasad, E.,Rogoff, K.,Wei Shang-Jin&Kose, M Ayhan(2003).
Effects of Financial Globalization on Developing Countries,
IMF Occasional Paper 220, pp. 1-86.
(10) Cooper, Richard N (2006). Living with Global Imbalances: A
Contrarian View, Journal of Policy Modeling, 28, pp. 615-627.
(11) Chinn, MD(2013). Global Imbalances, Chapter 5 in “The
Evidence and Impact of Financial Globalization”, Elsevier, pp
67-79.
(12) Galati, Gabriele, &Moessner, Richhild (2013).
MacroPrudential Policy – A Literature Review. Journal of

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