Pre-requisite: 51008 (Recommended: 51331; 51333)
This unit complements earlier economic studies. It emphasises the role of economic theory in the design, choice and implementation of development policies and draws from other areas of economics including growth economics, labour economics, public finance and public choice in an exploration of Australia's development experience since the 1850s. In addition, the nature and role of important economic institutions are examined. Attention is also placed on the development objective, development futures and the political-economic nexus.