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Unit of study_
ECOP3601: Economic Cycles and Instability
2024 unit information
This unit journeys through episodes of crises and instability in order to understand their key dynamics are embedded within historical, institutional and social contexts. You will study why some crises have a cyclical character while others do not, and how crisis contains elements to unlock the secrets of present-day and future sources of instability. To detect patterns (trends, cycles and volatility), you will be trained to use basic time series techniques for data analysis which will also assist you to undertake a project that evaluates sources of instability and discusses the challenges for policymakers to soften the ill-effects of economic downturns and create conditions for recovery.
Unit details and rules
Managing faculty or University school:
Political Economy
| Code | ECOP3601 |
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| Academic unit | Political Economy |
| Credit points | 6 |
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Prerequisites:
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12 credit points at 2000 level in Political Economy |
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Corequisites:
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None |
| Prohibitions:
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ECOP2601 |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. demonstrate working knowledge of the history and theory of cyclical behavior in capitalist economies
- LO2. understand how cycles can influence various aspects of modern day societies (e.g. unemployment and income distribution)
- LO3. apply quantitative skills learned in this unit to detect cyclical patterns (e.g., indexes, moving averages and time series analysis)
- LO4. demonstrate the ability to conduct independent research which builds on the class material in an original way
- LO5. think on your own feet regarding thematic questions and current issues concerning the structure of economic policies to combat the onset and ill effects of cycles.
Unit availability
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Modes of attendance (MoA)
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