The course for the degree with honours in the school of Economics comprises the following subjects

EXAMINATION One 2-hour paper

1. The course for the degree with honours in the school of Economics comprises the following subjects

Economic History A

Economics parts I, II, III and IV 62

ECONOMICS Statistical Method

History of Economic Theory or Mathematical Economics An approved Grade I subject.

together with one of the following sequences of subjects:

( 1 ) British History or European History A, Economic History part B or Australian History, Economic History part C or American History;

(2) Pure Mathematics part I, Pure Mathematics part II and Theory of Statistics part I;

( 3 ) Philosophy part I, Logic and either Modern Philosophy or Political Philosophy;

(4) Modern Government A, Modern. Government B and either Modern Government C or Political Philosophy;

(5) Three parts of Psychology;

in accordance with the details set out below, and for the ordinary degree.

2. In his First Year, a candidate should take the honours courses in Economic History A, and Economics part I; the first of the additional sequence of subjects and the approved Grade I subject.

This First Year is regarded as a preliminary year of study, and admission to the higher years of the course is conditional on satisfactory performance in this year.

Students must be approved by the faculty of Arts as candidates for the degree with honours before entering the Second Year of the honours school. The professor of Economics will normally recommend approval for candidates who have gained at least second class honours in Economic History A, and Economics part I. Other candidates who wish to continue in the honours school should consult the professor of Economics, who will be guided in his recommendations by the merits of the case.

A student who has not attempted honours in Economic History A, and Economics A, but who, at the end of the First Year, wishes to enter the honours school, must make special application to the faculty through the sub-dean for permission to do so. If such permission is granted, the faculty will prescribe what further work must be completed before the student is allowed to proceed to the final examination.

3. The faculty will not admit to the honours school a candidate who has previously graduated Bachelor of Commerce (honours degree) or Bachelor of Com- merce ( ordinary degree ).

4. In their Second Year, candidates should take Economics part II, Statistical Method and the second part of the additional sequence of subjects. They must be classed' in Economics part II 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 part III and the third part of the additional sequence of subjects. The annual examination in Economics part III 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 professor 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 part IV and either History of Economic Theory or Mathematical Economics.

7. The final examination in the school of Economics consists of the essay in accordance with section 5 above and five papers, including two on either History of Economic Theory or Mathematical Economics.

217. ECONOMIC HISTORY A (Ions)

Discussion classes in addition to the lectures and tutorials for the ordinary degree.

SYLLAВUs

More advanced work on certain aspects of the syllabus prescribed for the ordinary degree.

FACULTY OF AATS ØВОО$

Books

As for the ordinary degree. Bibliographies for honours work will be provided from time to time.

EXAMINATION. Two 3-hour papers.

229. ECONOMIC HISTORY B (Ions)

Weekly discussion classes in addition to the lectures and tutorials for the ordinary degree.

SYLLABUS

As for the ordinary degree, with additional study of selected topics in Australian economic history.

BOOKS

A detailed bibliography will be issued at the beginning of the course.

EXAMINATION. One 3-hour paper.

230. ECONOMIC HISTORY PART C 1-5 (Ions)

Discussion classes in addition to the lectures and tutorials for the ordinary degree.

SYLLABUS

As for the ordinary degree, with additional study of selected topics.

BOOKS

A detailed bibliography will be issued during the year.

EXAMINATION. One or two 2-hour papers.

8-1, ECONOMICS PART I (Ions)

A course of two lectures per week, with tutorial classes, throughout the year.

SYLLABUS

The organization of productive resources; forms of business enterprise; joint stocks companies; efficiency and costs; diminishing returns and economies of scale;

the determination of price and output; competition and monopoly; factor markets.

The course will have special reference to Australia.

BOOKS

(a) Recommended for preliminary reading:

Robertson, D. H. and Dennison, S.—Control of Industry. ( Nisbet, C.U.P.) Bruns, G. R.—The Stock Exchange. (Obtainable at University Bookroom. ) (b) Prescribed textbooks:

*Lipsey, R. G. Introduction to Positive Economic& (Weidenfeld and Nicolson.) or . *Stonier, A. W. and Hague, D. C.—Textbook of Economic Theory. (Longmans. ) Beacham, A. and Williams, L. J. Economics of Industrial Organisation.

(Pitman.)

Rowe, J. W. F. Primary Commodities in International Trade. ( C.U.P. Paper- back.)

*karmel, P. H. and Brunt, М.—Structure of the Australian Economy. (2nd ed., Cheshire )

*Robinson, E. A. C.—Monopoly. (Nisbet.)

*Tew, B. Wealth and Income. (Revised ed., M.U.P.) Other publications as referred to in lectures.

Students who wish to pursue a mathematical approach to the subject will find the following book useful in this and later courses:

Archibald, G. C., and Lipsey. E. G.—Introduction to a Mathematical Treatment of Economics. (Weidenfeld and Nicolson. )

EXAMINATION. One 3-hour paper.

ECONOMICS

8-2. ECONOMICS PART II (Ions)

A course of 4 lectures per week with tutorial and discussion classes throughout the year.

SYLLABUS

A more advanced treatment of the topics prescribed for Economics

in the course for the ordinary degree together with a general survey of economic principles.

BOOKS

As prescribed for Economics

В, together with the following:

Stonier and Hague—Textbook of Economic Theory. (Longmans.) Marshall, A. Principles of Economics. (Macmillan.)

Hicks, J. R. Value and Capital. ( O.U.P. )

Robbins, L. C.—Essay on Nature and Significance of Economic Science. (

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muf. )

Wickstead, P. H.—Commonsense of Political Economy, 2 Vols. (Routledge.)

Pigou, A.

C.-Economics of Welfare. (Macmillan.)

Carlson. S. Pure Theory of Production. (King.)

Archibald, G. C., and Lipsey, R. G. Introduction to a Mathematical Treatment of

Economics.

(Weidenfeld and Nicolson.)

Kleppner, D., and Ramsey, N.—Quick Calculus. (Wiley.) EXAMINATION. Two 3-hour papers.

8-3. ECONOMICS PART III (Ions) A course of lectures and discussion classes throughout the year.

SYLLABUS

(i) The equilibrium of the firm; monopolistic competition and price policy;

the trade cycle; international trade.

(ii) Spećial topics in Applied Economics. ( Selected from economic development, regional economics or banking and finance.)

BOOKS

(i) For part

(i)

of the syllabus:

Chamberlin, E. H.—Theory of Monopolistic Competition. (Harvard U.P.) Hicks, J. R.—Critical Essays on Monetary Theory. (O.U.P. )

Hicks, J. R.—Contributions to the Theory of the Trade Cycle. ( 0.U.P.) Mathews, R. C. O.—Trade Cycle. (Nisbet.)

Meade, J. E.—Balance of Payments. (O.U.P.) Kindleberger. International Economics. (Irwin.) (ii) For part (ii) of the syllabus.

Hirschman, A. 0.—Strategy for Economic Development. ( Yale, Paperbound.) Myint, H.—Economics of Developing Countries. ( 3rd ed., Oxford paperback.) Isard, W.—Location and Space Economy. ( Wiley. )

Greenhut, M. L.—Plant Location in Theory and Practice. ( Chapel Hill.) Machlup, F. Plans for the Reform of the International Monetary System. (Re-

vised Ed., Special Paper in International Economics, No. 3, Princeton.) Patinkin, D.—Money, Interest and Prices. (2nd Ed., Harper & Rowe.)

8-4. ECONOMICS PART IV (Ions) A course of lectures and discussion classes throughout the year.

SYLLABUS

The nature and methods of economics; welfare economics; the theory of capital and economic growth; public finance.

BOOKS

Robbins, L.—Nature and Significance of Economic Science. ( Macmillan.) Graaf, J. de V.—Theoretical Welfare Economics. (C.U.P.)

FACULTY OF ARTS HANDBOOK

Robinson, J.—Accumulation of Capital. (Macmilan.)

Wieksell, K.—Lectures on Political Economy, Vol. I. ( Routledge.) Harrod, R. F.—Towards a Dynamic Economics. (Macmillan.)

Musgrave, R. A.—Theory of Public Finance. ( McGraw Hill Paperback.) Robertson, Sir D. Lectures on Economic Principles. ( Fontana.)

Hicks, J. R. Capital and Growth. (Oxford.)

Surveys of Economic Theory. American Economic Association and Royal Economic Society, Vols. I and II. (Macmillan.)

231. HISTORY OF ECONOMIC THEORY

Economic History A and Economic History В must be passed before this subject is taken.

A course of two lectures per week, with tutorial classes throughout the year.

SYLLABUS

This subject is intended as an introduction to the history of economic theory in its relation to policy. It discusses the ways in which issues of policy have stimulated economic thinking and the ways in which, in turn, economic doctrine has been applied to practical issues. While the major stages in the development of economics (in the technical sense) will be discussed, the aim will be to treat these throughout in relation to their historical environment.

Some particular subjects which may be discussed are: (1) `:мегcаntilis". The beginnings of "modern' economic thinking in the seventeenth century; its charac- teristics. Some "mercantilist" problems: the balance of trade; national power; usury and interest; unemployment and idleness. (2) English "Classical" Thought and Policy. The concept of the economic system as a whole, as developed during the eighteenth century. Adam Smith and the natural harmony of interests. Central problems, c. 1800-1850; the pressure of population (Malthus); inflation and deflation, the Corn Laws, the growth of the national debt ( Ricardo) ; colonial development and the exportation of capital; economic crises and the business cycle. ( 3 ) Economic Nationalism. ( Friedrich List; David Syme.) (4) "Socialist" Thought. Radical opinion in, England, c. 1815-1850 ( Thomas Hodgskin; Robert Owen ). Marx's theory of capitalist development. (5) Economic Theory and Policy in the Later Nineteenth Century. The theory of marginal utility and its implications for policy. Controversies concerning scope and method. The beginnings of "Welfare Economics". (6) "The Keynesian Revolution". The problem of unemployment in the inter-war period. The development of Keynes's ideas, 1920-1936, and his place in the history of economic thought.

BOOKS

(a) Recommended for preliminary reading:

Keynes, J. M.-Essays in Biography. ( New

ed.,

Mercury Books, 1961.) (b) Prescribed textbooks:

'Smith, A.—Ths Wealth of Nations. (Everyman.)

Sraffa, P. (

ed.

)—The Works and Correspondence of David Ricardo, Vol. I.

(C.U.P.)

Roll, E.—A History of Economic Thought. (Faber.) Bibliographies will be issued during the year.

EXAMINATION. For the honours degree, two 3-hour papers.

235. MATHEMATICAL ECONOMICS

Economics B and Pure Mathematics part I or General Mathematics must be passed before this subject is taken.

A course of two lectures per week throughout the year.

Lectures in this subject will be given only if there are sufficient students offering.

ECONOMICS

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. (Macmillan.) (b) Prescribed text-books:

*Allen, R. G.

D.—Mathematical

Economics. (Macmillan.) Lancaster,

K.—Mathematical

Economics. (Collins-Macmillan.) EXAMINATION. One 3-hour paper.

MASTER OF ARTS

9-4. H. SCHOOL OF ECONOMICS A M.A. by Thesis.

1. Candidates who have passed the Preliminary Examination, and also, if they so elect, those who have qualified for the degree of B.A. with Honours in Economics, may proceed to the M.A. degree by pursuing original research on an approved topic for at least one academic year. Candidates should, if possible, submit their research topic to the head of the department for approval at the beginning of the year in which they commence their research.

Each candidate will be assigned to a supervisor with whom he must consult regularly.

2. Candidates are required to present the results of their research in the form of a thesis of about 50,000 words or, on the recommendation of the head of the department, a series of papers. Three copies ( quarto, typewritten, double-spaced) of the thesis must be submitted and, if passed by the examiners, one will be deposited in the University Library. An entry form for examination for higher degrees must be submitted to the Registrar.

B M.A. by Course of Advanced Studies.

1. Candidates who have been awarded first or upper second class honours in the final examination for the degree of B.A. with Honours in the School of Economics, or who have been admitted with an equivalent qualification, may, with the approval of the head of the department, proceed to the degree of M.A. by рursuing a course of advanced studies extending over at least one year for full-time students and two years for part-time students. Candidates should seek approval for their proposed course of study by the last Friday in January of the year in which they commence their course. Each candidate will be assigned to a supervisor with whom he must consult regularly.

2. The course of advanced studies will include:

(i) a weekly post-graduate seminar, extending over one academic year and requiring the submission of two satisfactory seminar or examination papers.

( The topics to be covered in the seminar will include two of the following:

Econometrics, Monetary Economics, Industrial Economics, Social Economics, Economic Development and International Economics. Further particulars may

be obtained from the department); and

(ii) Further postgraduate seminar work, or one of the following subjects not already taken as part of the candidate's undergraduate course: Mathematical Economics, Theory of Statistics Part I, History of Economic Theory, or another subject approved by the head of the department; and

( iii) An article for publication or a short thesis, which may incorporate further development of the candidate's B.A. Honours essay, or may relate to one of his seminar topics.

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