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Economics and Finance Program
Welcome to the Academic Program of Economics and Finance at the School of Business, University of Western Sydney.
For students who care about how the world works, economics should be one of the most relevant and exciting courses they study.
Economics is the study of the economic performance of nations and the effectiveness of policies that governments use to try to improve that overall performance and to ensure the efficient and equitable operation of markets. Among the issues that economists study are the sources of our increasing material standard of living and how to promote environmentally sustainable development, the causes of economic instability reflected in high unemployment and inflation, and the impact globalisation has on the management of our economy. The performance of our economy impacts on the availability of jobs, mortgage interest rates, the value of the Australian dollar, the prices we pay in the supermarket and our overall standard of living. As such, economic performance affects everyone.
In many of our units, we explore simplified models of the economy, and use deductive reasoning and available data, to try to understand how the various economic variables interact and produce the outcomes that so concern society as a whole. Some of the issues we will examine are hotly contested and we introduce controversies among economists regarding economic theory and policy.
This academic program aims to provide students with an understanding of the theoretical and methodological variety that exists in approaches to understanding economic and financial phenomena, as well as the comprehensive technical skills in economic analysis and statistical techniques. Our program is committed to pluralism in theory and methodology.
Our students benefit from an educational experience both rich in content and strong on skill development. Our courses provide opportunities for students to learn to think critically and communicate effectively on a wide spectrum of issues in economics and finance. Among the various graduate attributes we hope to impart on students are the skills involved in scholarly enquiry, the capacity for analytical and critical thinking and for creative problem solving, and the ability to engage in independent and reflective learning. We encourage students to further develop skills of independent policy formulation, evaluation and intelligent decision-making in the context of contemporary problems and real world dilemmas.
Our staff has diverse interests which are reflected in the programs offered by this academic program. These include core studies in microeconomics, macroeconomics and econometrics. We have very strong programs in areas such as applied finance and corporate financial management.
Other areas of strength include globalisation studies and development economics with special application to Asian economies, the history and methodology of economics, heterodox economics and evolutionary modelling, applied labour studies including feminist economics, urban and regional issues and international trade and finance.