326-361. METHODOLOGY OF ECONOMIC HISTORY
H. SCHOOL OF ECONOMICS
2. In his first year, a candidate should take the courses in Economic History A, Economics 1A, the first of the additional sequence of subjects
Faculty of Arts
Recommended for reference:
Blaug M Economic Theory in Retrospect, rev ed Irwin Illinois 1968 Spiegel H W The Growth of Economic Thought, Prentice-Hall New
Jersey 1971
Hutchinson T W Review of Economic Doctrines 1870-1929, Oxford University Press 1953
ASSESSMENT
One research essay not exceeding 8,000 words, and one three-hour paper or four short essays (each of about 1,500 words) to be written and submitted about the end of third term.
Economics didates who wish to enter the honours school should consult the chair- man of the department of Economics, who will be guided in his recom- mendations by the merits of the case.
3. The faculty will not admit to the honours school a candidate who has previously graduated bachelor of Commerce (honours degree) or bachelor of Commerce (ordinary degree).
4. In their second year, candidates should take Economics 2, Statistical Method and the second part of the additional sequence of subjects.
They must be classed in Economics 2 and must give evidence of ability to complete the work of the third and fourth years satisfactorily before being permitted to proceed.
5. In their third year, candidates should take Economics 3 and the third part of the additional sequence of subjects. The examination in Economics 3 consists of five papers and is the first part of the final examination. Before the end of their third year, candidates must select a subject for the essay, required as part of the final examination. The subject selected must be approved by the chairman of the department of Economics. The major part of the work for the essay should be under- taken during the long vacation between the third and fourth years and the essay should be submitted at the beginning of the third term of the year of the final examination.
6. In their fourth year candidates should take Economics 4 and either History of Economic Thought or Mathematical Economics or Advanced Urban Economic Studies.
7. The final examination in the school of Economics consists of three papers, the essay in accordance with section 5 above and one paper on either History of Economic Theory or Mathematical Economics or the
approved alternative subject.
316-271 ECONOMICS 2 (HONS)
A course of four lectures and one tutorial class per week.
SYLLABUS
A more advanced treatment of the topics prescribed for Economics B in the course for the ordinary degree together with a survey of the nature and method of economic theory.
BOOKS
As prescribed for Economics B together with reading lists provided by the department.
EXAMINATION Two 3-hour papers.
316-371 ECONOMICS 3 (HONS)
A course of five lectures per week throughout the year. Students are also required to attend a weekly research essay class.
SYLLABUS
(i) Micro-economics; macro-economics; international economics.
(ii) Special topics in Economics. (Selected from regional economics;
capital and distribution theory; econometric theory; industrial rela- tions; not all of which latter subjects will necessarily be offered in any one year.)
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Faculty of Arts BOOKS
Reading lists will be provided by the department.
EXAMINATION Five 3-hour papers.
321-361 THIRD YEAR FINAL HONOURS URBAN ECONOMIC STUDIES
A series of weekly seminars primarily intended for third year honours students.
SYLLABUS
Urban Economic Studies — nature and development. Economic Concepts:
price, externalities, welfare, partial and general equilibrium, systems, static vs. dynamic approach. Urban transport and land use, demand, choice, pricing, Investment, cost-benefit and Melbourne Transport Plan.
Urban land use, market, controls, Melbourne planning, conversion, price, social appropriation, tenures. Urban housing market, filtering, values, blight, renewal. Urban poverty, causes, nature, policies, interrelationships.
Urban public finance, nature functions, levels, sources. Urban environ- mental disruption, causes, costs, control. City systems, size question, productivity, decentralization and other policies.
BOOKS
Prescribed textbooks:
Gordon D M Problems in Political Economy: An Urban Perspective, D C Heath & Co 1971
Thompson W R A Preface to Urban Economics, REF 1965
Research and Development Division, Melbourne and Metropolitan Board of Works, Report on the General Concept Objections, 1974 EXAMINATION
A maximum of one 3-hour paper and written work as prescribed at the beginning of the year.
316-471 ECONOMICS 4 (HONS)
A course of at least three lectures per week throughout the year. Students are also required to attend a weekly research essay class.
SYLLABUS
Economic policy and planning; public economics and welfare; and one from development economics; Marxian economics; labour studies;
advanced econometrics; monetary economics (not all of which latter subjects will necessarily be offered in any one year),
BOOKS
Reading lists will be provided by the department.
EXAMINATION Three 3-hour papers together with research essay.
31 6-31 1 MATHEMATICAL ECONOMICS
Economics B and Mathematics 1A, Mathematics 1C or General Mathe- matics must be passed before this subject is taken.
A course of two lectures per week throughout the year.
Economics Lectures in this subject will be given only if there are sufficient students offering. Intending candidates should consult the sub-dean of the faculty of Economics and Commerce.
SYLLABUS
Selected aspects of economic theory treated in a mathematical way.
BOOKS
(a) Recommended for preliminary reading:
Allen R G D Mathematical Analysis for Economists, Papermac (b) Prescribed textbooks:
Allen R G D Mathematical Economics, Macmillan
Huang D S Introduction to the Use of Mathematics in Economic Analy- sis, Wiley 1964
Intriligator M D Mathematical Optimization and Economic Theory, Prentice-Hall 1971
Lancaster K Mathematical Economics, Collier-Macmillan Other references as given in lectures.
EXAMINATION One 3-hour paper.
316-312 ECONOMETRICS
Economics B and Statistical Method must be passed before this subject is taken.
A course of two lectures, one tutorial class and one practice class per week throughout the year.
SYLLABUS
The course covers the basic methodology of econometrics and its ap- plication to economic problems. It aims to present In an integrated manner the four components of econometric investigation: model for- mulation, estimation, interpretation of results and forecasting ability.
Econometric theory topics will include multiple regression analysis, the treatment of serial correlation In error terms, distributed lags, and an Introduction to the theory of simultaneous-equation estimation. Repre-
sentative empirical work will be discussed, with emphasis on Australian research findings. An empirical investigation undertaken by the student will form an integral part of the subject.
Books
Prescribed textbooks:
• Cramer J Empirical Econometrics, North Holland paperback 1969
• Johnston J Econometric Methods, 2nd ed McGraw-Hill 1972 or
•Kmenta J Elements of Econometrics, Collier-Macmillan 1971 EXAMINATION
One 2-hour paper, an empirical exercise and an assignment.
321-461 FOURTH YEAR FINAL HONOURS ADVANCED URBAN ECONOMIC STUDIES
A series of weekly seminars primarily intended for fourth year honours students.
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Faculty of Arts SYLLABUS
Advanced urban economic studies (urban growth, systems of cities, city size, urban employment structure, urban dynamics, systems planning).
BOOKS
Prescribed textbooks:
Artie R The Structure of the Stockholm Economy, Cornell University Press 1965
Forrester J W Urban Dynamics, MIT 1969
McLoughlin J B Urban and Regional Planning: A Systems Approach, Faber & Faber 1969
Richardson H W The Economics of Urban Size, Saxon House 1973 Richardson H W Regional Growth Theory, Macmillan 1972
Stavback T M & knight R V The Metropolitan Economy Columbia University Press 1970
EXAMINATION
A maximum of one 3-hour paper and writter work as prescribed at the beginning of the year.
ECONOMIC HISTORY IN COMBINED HONOURS COURSES
Students may take a major sequence in Economic History in an honours degree within the school of Economics.
In addition combined honours courses are available in Economic History and History; Economic History and HPS; and Economic History and Political Science. Students should consult the chairmen of these depart- ments for details, and should also consult the sub-dean. In general the Economic History component of the combined honours degree consists of:
First year: One grade 1 or grade 2 Economic History subject Second year: One grade 2 Economic History subject at honours level.
Third year: Methodology of Economic History; and one approved grade 3 Economic History subject at honours level.
Fourth year: Economic History 4: normally an approved grade З Economic History subject at honours level, plus Special topics in Economic History.
Also required: a fourth year thesis on a topic agreed upon by the chairmen of both departments of the combined course.
326-271 ECONOMIC HISTORY 2В (HONS)
One Commerce or Arts subject must be passed before this subject is taken. A course of two lectures and one tutorial weekly throughout the year.
SYLLABUS
A study of Australian economic history along the lines set down for the pass subject, Economic History 2B. In addition students will undertake a detailed study of selected topics within the general field.
BOOKS
Recommended for reference:
Blainey G N Triumph of the Nomads, Macmillan 1975 Blainey G N Tyranny of Distance, Sun 1974
Boehm E A Twentieth Century Economic Development in Longman 1971
Australia,
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Economic History Hall A R The Stock Exchange of Melbourne and the Victorian Economy
1852-1900, ANU 1968
Inglis K S The Australian Colonists, MUP 1974
Schedvin C B & McCarty J W eds Urbanisation in Australian History, Sydney University Press 1974
ASSESSMENT
One research essay not exceeding 8,000 words and not more than two shorter assignments, each of about 1,500 words.
326-371 ECONOMIC HISTORY 3C (HONS)
A course of two lectures and one seminar class of 90 minutes weekly throughout the year.
SYLLABUS
A general study of the social, cultural and institutional influences on Asian economic development along the lines set down in Economic History ЭC (Pass). In addition, students will undertake a detailed study of selected topics within the general field.
BOOKS
(a) Recommended for preliminary reading:
Beckman George The Modernization of China and Japan, Harper & Row New York 1965
Lewis W A The Theory of Economic Growth, Allen & Unwin Lind 1965 (b) Prescribed textbooks:
No books are prescribed, reading lists will be issued during the year.
ASSESSMENT
Students will be required to submit written work during the year. This consists of not more than three essays, and some shorter pieces of written work. Students will be assessed on this work in lieu of a formal final examination.
326-372 ECONOMIC HISTORY 3D (НONS)
A course of two lectures and one seminar weekly throughout the year, SYLLABUS
A survey of the economic growth of the U.S.A. along the lines set down for the pass subject Economic History 3D. In addition, students will undertake a detailed study, including documentary work, of selected periods or topics within the general field.
BOOKS
(a) Recommended for preliminary reading:
Allen H C A Concise History of the USA, Ernest Benn Lind 1970 Hacker L M The Course of American Economic Growth and Develop-
ment, Wiley New York 1970 (b) Prescribed text:
Brownlee W Elliot The Dynamics of Ascent, Alfred A Knopf New York 1974
Detailed reading lists will be issued during the year.
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Faculty of Arts
WRITTEN WORK
Students will be required to submit at times specified two essays of 3,000 words and one critical study of 1,500 words.
EXAMINATION
One 3-hour paper. Written work done during the year will constitute part of the examination.