IDEC8021 The Chinese Economy
| Offered By | International and Development Economics Program |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | International and Developmental Economics |
| Offered in | First Semester, 2010 and First Semester, 2011 |
| Unit Value | 6 units |
| Course Description |
In the thirty years since China started on the path of reform in the late 1970s, it has emerged as one of the largest and most dynamic economies in the world. There has been keen interest in what have been achieved in China and more importantly what lies ahead for such a significant economy player in the world economy. This course examines China's successful experiences and lessons learned from the standpoints of economic transformation, open macroeconomics and economic development. First, the course discusses the transformation of the Chinese economy from a centrally-planned to a market one by highlighting the key differences between a planned and market economy, the sequencing of reform, and the importance of carrying out ownership reform and building market-compatible institutions. Second, the course examines the macroeconomic dimension of economic transformation by looking at the importance of maintaining macroeconomic stability in the process of reform and liberalisation (including both current and capital account liberalisaion), the key sources of and factor contributions to economic growth in China, and the formation and implementation of China's exchange rate policy. Third, the course analyses the development experience of Chinese transformation by covering issues such as urbanisation, income distribution, labour market development, regional development, financial sector reform, international trade (WTO), China's rapid industrialisation and its increasing demand for energy and mineral resources, and environment. Finally, the course discusses some of the driving forces that have had an impact on China's growth path and offers some in-depth analyses as to how China could confront the challenges in ensuring its future growth is both equitable and sustainable. |
| Learning Outcomes |
On completion of this unit you should be able to:
|
| Indicative Assessment |
Research essay of 20 pages 40 per cent Verbal presentation 10 per cent Final exam 50 per cent |
| Workload |
A two-hour lecture and one hour tutorial per week for 13 weeks Office hours run from 2 to 4 pm on Friday afternoon. |
| Course Classification(s) | AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs. and SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation. |
| Areas of Interest | Economics |
| Recommended Courses | Microeconomics, macroeconomics, and international economics |
| Prescribed Texts | A reading brick including key references will be provided. |
| Programs | Master of International Trade and Economic Relations, Master of International and Development Economics, and Master of Public Policy |
| Other Information |
Delivery Mode: On Campus |
| Academic Contact | Dr Ligang Song |
The information published on the Study at ANU 2010 website applies to the 2010 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2009 website.
