Faculty of Business and Economics

Undergraduate - Unit

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

6 points, SCA Band 1, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

FacultyFaculty of Business and Economics
Organisational UnitDepartment of Economics
OfferedNot offered in 2014
Coordinator(s)Dr Michael White


The role of economic institutions and the process of institutional change, including the role of interest groups in promoting such change. An overview of Australian economic development sketches the changing environment within which such institutions operate. Key institutions, and changes in institutional structures over time, in selected sectors of the Australian economy, including the agricultural and manufacturing sectors, the labour market and the financial sector, as well as the institutions central to competition and trade policy.


The learning objectives of this unit are to:

  1. understand the role and nature of institutions in a market economy;
  2. appreciate the varying pressures that may lead to change in institutions and institutional structures;
  3. apply theoretical models of institutions and institutional change to the Australian economy;
  4. understand the nature and role of key institutions in selected sectors of the Australian economy;
  5. develop analytical, written and oral skills by writing an essay and presenting a tutorial paper.


Within semester assessment: 50%
Examination: 50%

Workload requirements

3 hours per week