PUBLIC FINANCE
Economics B must be passed before this subject is taken.
A course of one lecture per week and one tutorial every two weeks.
SYLLABUS
Public finance and government policy; public finance in relation to in- come distribution, stability, resource allocation and growth; govern- ment revenue and the theory of taxation; the national debt; government expenditure; problems of federal finance.
B O O КЅ
(a) Recommended for preliminary reading:
Eckstein 0 Public Finance, 3rd ed Foundations of Modern Economics Series, Prentice-Hall 1976
or
Haveman R H The Economics of the Public Sector, 2nd ed Wiley 1976 (b) Prescribed textbooks:
Due J F & Friedlaender A F Government Finance: Economics of the Public Sector, 5th ed Irwin 1973
or
Musgrave R A & Musgrave P B Public Finance In Theory and Practice, McGraw-Hill International Student Edition 1973
Houghton R W ed Public Finance: Selected Readings, 2nd ed Penguin 1973
Mathews R L & Jay W R C Federal Finance, Nelson 1972
Robinson A J & Cutt J Public Finance in Canada; Selected Readings, 2nd ed Methuen 1973
Taxation Review Committee Full Report, AGPS 1975
Е 129
Faculty of Arts
Payments to or for the States and Local Government Authorities, Aust Govt Publishing Service, latest year
The Budget Speech, Aust Govt Pub Service Canberra latest year Other publications as referred to in lectures.
EXAMINATION One 2-hour paper plus class assignments as required.
316-306 ECONOMICS C6 BANKING AND FINANCE
Economics B must be passed before this subject is taken.
A course of one lecture per week and one tutorial every two weeks.
SYLLABUS
Nature and role of finance; financial institutions and instruments; financial structure and development; international monetary arrangements and institutions; monetary theory and policy; the Australian financial structure.
BOOKS
Hirst R R & Wallace R H eds The Australian Capital Market, Cheshire paperback
• Grubel H G International Monetary System, Penguin
Laidler D The Demand for Money, International Textbook Company 'Newlyn W T Theory of Money, OUP
Bain A D The Control of the Money Supply, Penguin
Croome D R & Johnson H G ed Money in Britain 1959-69, OUP Other publications referred to In lectures.
A number of excellent books of readings in monetary economics are available, and it is recommended that students purchase one of these, Attention is drawn to the following available in paperback:
Mittra S Money and Banking — Theory, Analysis and Policy, Random House
Prager Jonas Monetary Economics — Controversies in Theory and Policy, Random House
Williams H R & Wondenberg H W Money, Banking and Monetary Policy — Readings in Domestic and International Policy, Harper
& Row
EXAMINATION One 2-hour paper plus class assignments as required.
316-307 ECONOMICS C7 LABOUR ECONOMICS
Economics B must be passed before this subject is taken.
A course of one lecture per week and one tutorial every two weeks.
SYLLABUS
Theories of wages; wages and the price system; the supply if labour;
collective bargaining; conventional forces determining rates if pay; the wage-price issue; incomes policies; general problems of wage deter- mination; principles of wage determination in Australia; problems of manpower planning.
Economics BOOKS
Burton J F & Benham L IC Readings In Labour Market Analysis, Holt Rinehart
Jackson J M Wages and Labour Economics, McGraw-Hill Jones A The New Inflation, Penguin
• McCormack P J & Smith E 0 Labour Market, Penguin
• Niland J R & Isaac J E eds Australian Labour Economics: Readings, Macmillan
Turner M A Wilkinson F & Jackson D Do Trade Unions Cause Infla- tion?, Cambridge UP
Whitehead D M StagПation and Wages Policy ln Australia, Longman Other publications as referred to ln lectures.
EXAMINATION One 2-hour paper plus class assignments as required.
316-308 ECONOMICS C8
INDUSTRIAL RELATIONS
A course of one lecture per week and one tutorial class every two weeks throughout the year. The course has special reference to Australia but International comparisons are made, wherever appropriate.
sУLLАВUS
Industrial conflict. Trade unions and employers' associations. Collective bargaining. The settlement of industrial disputes. Legal provisions and industrial relations. Worker participation in management.
BOOKS
Chamberlain N W The Labor Sector, McGraw-Hill
Hawkins K Conflict and Change—Aspects of Industrial Relations, Holt, Rinehart & Winston
• Hyman R Strikes, Fontana paperback
• Isaac J E & Ford G W eds Australian Labour Relations: Readings, 2nd ed Sun Books
McCarthy W E J ed Trade Unions, Penguin Martin R Trade Unions in Australia, Pelican
Sutcliffe J T A History of Trade Unionism In Australia, Macmillan paperback
Sykes E I & Glasbeek H J Labour Law in Australia, Butterworth Walker IC F Australian Industrial Relations Systems, Oxford paperback Other publications as referred to in lectures.
EXAMINATION
One 2-hour paper plus class assignments as required.
316-309 ECONOMICS C9
AGRICULTURAL ECONOMICS
A course of 30 lectures in Terms 2 and 3, with one tutorial per week in Terms 2 and 3.
SYLLABUS
The farm as a firm and agriculture as an industry. Inter-relations between agriculture and other sectors. Price, demand and supply In agriculture.
Pricing of agricultural factor inputs. Seasonal price patterns, price cycles.
Forecasting agricultural prices.
131
Faculty of Arts
Government intervention in agriculture. Objectives and methods of agricultural policy. Consideration of Australian agricultural policy from the viewpoints of 'efficiency and 'equity'. The 'farm problem' and agricultural adjustment; 'orderly' marketing, two-price schemes, stabilisation schemes, subsidies and tariffs; agricultural policy overseas.
Industry surveys — price policy and marketing in selected primary industries.
International commodity agreements.
Agricultural marketing: functions, methods, costs. Organization of mar- keting. Marketing boards. Co-operative marketing. Futures markets.
Technical change in agriculture; capital formation in agriculture; rural credit.
World food problem and role of agriculture in economic development.
BOOKS
Prescribed textbooks:
Throsby C D ed Agricultural Policy, in Readings in Australian Eco- nomic Policy Series, Pelican 1972
Campbell K 0 Agricultural Marketing and Prices, Cheshire 1973 Samuelson P A Hancock K & Wallace R Economics, 2nd Aust ed,
McGraw-Hill 1974
Rural Policy in Australia, Australian Government Publishing Service 1974 Recommended for reference:
Tomek W G & Robinson K L Agricultural Product Prices, ComeI' Uni- versity Press 1972
Hardaker J B Lewis J N & McFarlane G C An Introduction to Farm Management and Agricultural Economics, Angus and Robertson 1970 James P G Agricultural Policy in Wealthy Countries, Angus & Rob-
ertson 1971
Kohls R L Marketing of Agricultural Products, Macmillan 1961
Williams D B ed Agriculture in the Australian Economy, Sydney UP 1967
EXAMINATION
There will be a two-hour examination in fourth term. A substantial pro- portion of marks will be given for assignments. The timetable and the weighting given to each part of the examination will be published at the beginning of second term.
316-310 ECONOMICS C10 COMPARATIVE ECONOMIC SYSTEMS
Economics B must be passed before this subject is taken.
A course of one lecture per week and one tutorial every two weeks.
SYLLABUS
Government and the economy; theories of free market capitalism, the Marxian system, democratic socialism, and authoritarian socialism; case studies, including planning in the West, the Soviet Union, and Yugo- slavia.
BOOKS
Bastiat F The Law, The Foundation of Economic Education, NY Bornstein M ed Comparative Economic Systems: Models and Cases,
rev ed Irwin 1969
Regional and Urban Economic Studies Bornstein M & Fusfeld D R The Soviet Economy: A Book of Readings,
3rd ed Irwin paperback 1970
Dirlam J B & Plummer J L An Introduction to the Yugoslav Economy, Merrill paperback
Elliott J M Comparative Economic System, Prentice-Hall Friedman M Capitalism and Freedom, Phoenix paperback Hayek F A The Road to Serfdom, U of Chicago Press Mises L von Socialism, Jonathan Cape Lend
Nove A The Soviet Economy — An Introduction, Praeger paperback Other texts and publications as referred to in lectures.
EXAMINATION
One 2-hour paper plus class assignments as required.