School of Economics · Miriam Steurer, Patrick Lim, Nicolas Gerber and Xiaolin Li were appointed....

School of Economics

Annual Report

2001

Annual Report 2001

School of Economics

Prepared by Professor Denzil Fiebig, Dr Hazel Bateman, Ms Catriona Reid, Ms Nadine Caisley and Ms Clea Bye

School of Economics Faculty of Commerce and Economics

University of New South Wales Sydney NSW 2052

Email: [email protected]://www.economics.unsw.edu.au

mailto:[email protected]

http://www.economics.unsw.edu.au/

TABLE OF CONTENTS 2001 – A summary 1 Members of the School 2 Report from Centre for Applied Economic Research 5 External Publications Books 6 Chapters in Books 6 Refereed Journal Articles 7 Non-refereed Journal Articles 9 Conference Publications 10 Working Papers 11 Discussion Papers 12 Postgraduate Research Activity 2001 Graduates Doctor of Philosophy 13 Master of Commerce (Honours) 13 Enrolments as at December 2001 Doctor of Philosophy 14 Master of Commerce (Honours) 15 Grant Funding 16 Seminars School Seminar Programme 17 Seminars and Conference Presentations by Members of the School 19 Conferences Held by the School 25 External Positions Held 26 Service to the School, University and Community 27 Awards, Appointments, Honours and Fellowships 29 Subject Enrolment Statistics 30

2001 – A SUMMARY In 2001 the School of Economics enjoyed another successful year characterised by strong research performance, growth in student numbers and individual successes by staff and students. The School maintained its excellent performance in external grant funding with 3 successful ARC discovery grants, 2 successful ARC linkage grants as well as numerous Faculty funded grants. Robert Hill was awarded the Academy of Social Sciences in Australia Medal in recognition of his research, while both Kevin Fox and Robert Hill were both awarded Non-Professorial Research Achievement Awards by the Faculty of Commerce and Economics. 2001 saw some important personnel changes with the appointment of 2 new professors – Denzil Fiebig and Bill Schworm – both previously with Sydney University. As well, Denise Doiron (also previously with Sydney University) was appointed as a Senior Lecturer and Robert Hill was promoted to Associate Professor. The year also marked the resignations of Catherine de Fontenay, Tue Gorgens and John Landon-Lane (all fixed term lecturers) and the retirement, after 14 years of service with the School, of our administrative officer, Sue Nelson. Recent resignations among administrative staff gave the School the opportunity to reorganise its administrative support structure. A crucial part of this was the creation of a new administrative officer position into which Catriona Reid commenced in January 2001. Catriona worked tirelessly with the other members of the administrative unit – Sue Nelson, Aline Dinel and Paula Browne-Cooper - to enhance the administrative efficiency of the School. 2001 also saw some changes to academic administrative roles. Hazel Bateman replaced Glenn Otto as Associate Head of School, Peter Robertson replaced Kevin Fox as Undergraduate Coordinator and Robert Hill was replaced by Minxian Yang as Postgraduate Coordinator. Other positions remained unchanged with Trevor Stegman continuing as MCom Coordinator and Geoffrey Fishburn as Honours Coordinator. On the student side we saw strong growth in undergraduate student numbers as well as continued interest in the fourth year Honours and PhD programs. Two of our 2001 Honours students were awarded and accepted international PhD scholarships with Brendan Beare commencing a PhD at Yale and Chris Bidner at the University of British Colombia in 2001. Joanna Haddock, one of our 2000 Honours students, accepted a Fulbright Scholarship to undertake a PhD at Yale. As well we continued to support our PhD students with the creation of 4 additional half time associate lecturer positions as a form of PhD funding. Miriam Steurer, Patrick Lim, Nicolas Gerber and Xiaolin Li were appointed. Finally, many staff continued to provide valuable service to the Faculty, the University and the profession with their participation on committees, advisory boards, editorial boards etc… For the School of Economics 2001 was a year of continued academic excellence.

Annual Report 1

MEMBERS OF THE SCHOOL

ACADEMIC STAFF Head of School John Piggott Associate Head of School Hazel Bateman Professors Ronald Bewley, BA Sheff, PhD UNSW, FASSA Denzil Fiebig, BCom MCom UNSW, PhD USC John Piggott, BA Syd, MSc PhD Lond, FASSA Bill Schworm, BA NC, MA VIV, PhD Was Emeritus Professor John Nevile, BA WA, MA PhD Calif, Hon DSc UNSW, FASSA Visiting Professors Nanak Kakwani, MA PhD Delhi, FASSA Murray Kemp, BCom MA Melb, PhD John Hopkins Associate Professors Robert Conlon, MCom PhD UNSW Geoffrey Kingston, BA PhD ANU Peter Kriesler, BEc MEc Syd, PhD Cantab John Lodewijks, BEc Syd, MEc NE, MA PhD Duke David Meredith, BA PhD Exe, GradCertHEd UNSW, FRHistS Glenn Otto, BEc Qld, MA ANU, PhD Qu Anthony Owen, BA Leic, MA PhD Kent, FSS John Perkins, BSc Econ Hull, PhD UNSW Nripesh Podder, MA Calc, PhD UNSW Eric Sowey, BEc Syd, BSc UNSW, MSc Lond, PhD UNSW Trevor Stegman, BCom PhD UNSW Geoffrey Waugh, BSc Syd, MCom PhD UNSW Senior Lecturers Christian Alaouze, MAgSci Melb, MA PhD Wisc Garry Barrett, BEc Syd, MA PhD UBC Hazel Bateman, BEc Qld, PhD UNSW

2 Annual Report

MEMBERS OF THE SCHOOL Gautam Bose, BA Calc, PhD USC David Clark, BEc PhD Syd Denise Doiron, BA L’Uni de Moncton, MA PhD UBC Geoffrey Fishburn, BA PhD UNSW Lance Fisher, BA Macq, MCom UNSW, PhD Minn Kevin Fox, MCom Cant, MA, PhD UBC Robert Hill, BA York, MA PhD UBC Mehdi Monadjemi, BS Utah, MS PhD Ill Truong Truong, BE WA, MA MEngSc Syd, PhD Macq, LLB Syd Minxian Yang, BEng MEng Wuhan, PhD UNSW Lecturers Diane Enahoro, MCom UNSW, DipEd Syd Catherine de Fontenay, BA McGill, PhD Stanford Jack Frisch, BEc Syd, MA PhD Princeton Arghya Ghosh, BSc Presidency College, MA Delhi PhD Minn Tue Gørgens, cand oecon Aarhus, PhD Iowa John Landon-Lane, BSc, MCom Cant., MA PhD Minn Elisabetta Magnani, MA Yale, Dottorato di Ricerca Bologna, PhD Yale Kieron Meagher, MA Waikato, PhD ANU Hodaka Morita, BA Tokyo, MBA PhD Cornell Peter Robertson, BA Otago, MEc UNE, PhD S Fraser Judith Watson, BCom MHEd UNSW Associate Lecturers Nicolas Gerber, BSc Uni Lausanne, MSc Uni College Pak Kin Ho, BA Otago, MMS Waikato Xiaolin Li, BA Dongbei, MCom UNSW Patrick Lim, BBus, BCom MEc UWA Miriam Steurer, Ma Karl-Franzens Uni, MA Washington Mahmut Temur, BHA UNSW, Grad Dip Econ UNSW, MEc Syd Louis Yeung, BSc Makerere, MA Manc, GradCertHEd, UNSW Honorary Visiting Fellow Kenneth Rivett

ADMINISTRATIVE STAFF Paula Browne-Cooper Aline Dinel

Annual Report 3

MEMBERS OF THE SCHOOL Sue Nelson Catriona Reid, BA STFX

VISITORS Robert Bartels Russell Boyer Erwin Diewert Graeme Dorrance Greg Dow Graham Elliott Peter Forysth Craig Freedman Bernd Genser Inbong Ha Per Johansson Atsuo Kawai Sugata Marjit Kiyoshi Mukai Masayuki Okawa John Whalley Ed Whitehouse Andrew Wise

RESIGNATIONS AND RETIREMENTS Catherine de Fontenay Tue Gorgens Murray Kemp John Landon-Lane Sue Nelson Mahmut Temur

PROMOTIONS IN 2000 Robert Hill to Associate Professor

4 Annual Report

REPORT FROM RESEARCH CENTRE

THE CENTRE FOR APPLIED ECONOMIC RESEARCH (CAER) Summary of the Activities of CAER In 2001 CAER coordinated seven research groups: Economic Measurement Economic Policy and Equity Energy, Natural Resources and the Environment Labour Economics Macroeconomics Retirement Economics Time Series and Applied Macroeconomics Results of CAER research were incorporated in 24 papers published in 2001. CAER continued to foster applied economic research. In July 2001 CAER held a very successful conference “The Third Way”. The Keynote Speaker was Professor Bob Rowthorn from Cambridge University. As well, CAER continued to publish (jointly with the Industrial Relations Research Centre) the academic journal, Economic and Labour Relations Review.

STAFF Director John Nevile Deputy Director Peter Kriesler Administrative Assistant Paula Browne-Cooper

Annual Report

5

EXTERNAL PUBLICATIONS

BOOKS

Bateman, H., Kingston, G. and Piggott, J. 2001, Forced Saving: Mandating Private Retirement Incomes, Cambridge University Press, Cambridge, UK. Conlon, R. and Perkins, J. 2001, Wheels and Deals: the Automotive Industry in Twentieth Century Australia, Ashgate Publishing, Aldershot.

CHAPTERS IN BOOKS

Diewert, W.E. and Fox, K.J. 2001, “The Productivity Paradox and the Mismeasurement of Economic Activity," in Monetary Policy in a World of Knowledge-based Growth, Quality Change, and Uncertain Measurement ed K. Okina and T. Inoue, Palgrave, Houndmills, Basingstoke, Hampshire and New York, pp.175-197. Fiebig, D.G. 2001, “Seemingly unrelated regression”, in Companion in Theoretical Econometrics, ed B.H. Baltagi, Basil Blackwell: Oxford, UK, pp.101-121. Fox, K.J. 2001, “The Output Gap and Growth in Japan," in Productivity and Economic Performance in the Asia-Pacific Region ed. T-T. Fu, C.J. Huang and C.A.K. Lovell, Edward Elgar Publishing, Cheltenham, UK, pp.321-344 Kakwani, N and Son H.H. 2002, " Economic Growth and Income Inequality: The Korean and Thai Experiences" in Public Policy in Asia: Implications for Business and Government ed. Mukul G. Asher, David Newman, and Thomas P.Snyder, Quorum Books , Westport, Connecticut, London, Ch.3 pp.33-60. Lodewijks, J. 2001, “Roy Weintraub's Contribution to the History of Economics" in Historians of Economics and Economic Thought: the Construction of Disciplinary Memory ed. Steven Medema and Warren Samuels, Routledge, London, pp.320-335. Lodewijks, J. 2001, “Hicks and the Crisis in Keynesian Economics” in John Hicks: His contributions to Economic Theory and Application ed. K. Puttaswamaiah, Transaction Publishers, New Jersey, pp.138-143. Oxley, D. and Richards, E. 2001, “Convicted and free women in nineteenth-century Australia” in The Australian People, ed J. Jupp, Cambridge University Press, 2nd edition. Monadjemi, M.S. and Harcourt, G.C. 2001, “The Vital Contribution of John Cornwall to Economic Theory and Policy: A Tribute from Two Admiring Friends on the Occasion of his 70th Birthday” in Selected Essays on Economic Theory, ed G.C Harcourt, Palgrave, Hampshire, pp.331-346. Nevile, J.W., Young, W. and Zilberfarb, B. 2000, “What Keynes Would Have Thought of the Development of IS-LM” in IS-LM and Modern Macroeconomics ed W. Young and B. Zilberfarb, Kluer Academic Publishers, Boston, pp.133-149.

6 Annual Report


Perkins, J. A. 2001, “Germans in Australia During the First World War” in The Australian People ed. James Jupp, Cambridge University Press, Cambridge, 2nd Edition. Perkins, J. A. 2001, “The Swastika among the Coconuts: Nazism in New Guinea in the 1930s”, in Fascism Outside Europe, ed Stein Ugelvik Larsen, University Press, New York, Columbia, pp.287-309. Perkins, J. and Moore, A. 2001 "Fascism in Interwar Australia', in Fascism Outside Europe, ed Stein Ugelvik Larsen, Columbia University Press, New York, pp.269-286. Truong, T. P., Burniaux, J. and McDougall, R. 2001, “An Energy Data Base for GTAP”, in Global Trade, Assistance, and Production: The GTAP 5 Data Base, ed. B.V. Dimaranan and R. A. McDougall, Centre for Global Trade Analysis, Purdue University, West Lafayette, Indiana, USA, pp.26.

REFEREED JOURNAL ARTICLES

Barrett, G.F. and Cobb-Clark, D.A. 2001, "The Labour Market Plans of Parenting Payment Recipients: Information from a Randomised Social Experiment," in Australian Journal of Labour Economics, Vol.4(3), pp.192-205. Barrett, G.F. and Conlon, R. 2001, "Explaining the Contraction in the Market for Private Health Insurance in Australia, 1989-1995 ", in Economic and Labour Relations Review, Vol.12(2), pp.210-224. Barrett, G.F. and Doiron, D.J. 2001,"The Decision to Work Part-Time: By Choice or By Constraint" in Canadian Journal of Economics, Vol.34 (4), pp.1042-1065. Bewley, R.A. and Griffiths, W.A. 2001, “A Forecasting Comparison of Classical and Bayesian Methods for Modelling Logistic Diffusion” in Journal of Forecasting, Vol.20, pp.231-247. Fiebig, D.G. and Islam, T. 2001, “Modelling the development of supply-restricted telecommunications markets” in Journal of Forecasting, Vol.20, pp.249-264. Hill, R. J. 2001, "Measuring Inflation and Growth using Spanning Trees," in International Economic Review, Vol 42(1), pp.167-185. Kakwani, N. 2000, "On Measuring Growth and Inequality Components of Poverty with Application to Thailand" in Journal of Quantitative Economics, Vol.16(1), pp.67-80. Kakwani, N. and Pernia, E. 2000, “What is Pro-Poor Growth?" in Asian Development Review, Vol.18(1), pp.1-16.

Annual Report 7


Kingston, G. 2001, “Appendix to Efficient Timing of Retirement: An Approximate Solution to the Pre-Retirement Problem”, posted on the website of the Review of Economic Dynamics, at www.economicdynamics.org, Vol.7. Kingston, G. 2001, “Cost Benefit Analysis in Theory and Practice”, in Australian Economic Review, Vol.34(4), pp.478-487. Kriesler, P. and Halevi, J. 2001 “Political Aspects of Buffer Stock Employment” in Economic and Labour Relations Review 2001, Vol.12, pp. 72-82. Lodewijks, J. 2001, “Educating Australian Economists” in Journal of Economic and Social Policy, Vol.5(2), pp.1-12. Lodewijks, J. 2001, “Training Professional Economists: The Australian Experience” in History of Economics Review No.34, Summer, pp.160-167. Magnani, E. 2001, “Human Capital, Industry Risk and Industrial Labour Mobility” in The Industrial and Labour Relations Review, Vol.54(3), pp.593-610. Magnani, E. 2001, “The Environmental Kuznets Curve: Development Path or Policy Result? “ in Environmental Modelling and Software, Vol.16, pp.157-165. Magnani, E. 2001, “Market Volatility and the US Structure of Earnings” in Review of Labour Economics and Industrial Relations, Vol.15(1), pp. 57-80. Meagher, K.J. 2001, “The impact of Hierarchies on Wages” in Journal of Economic Behaviour and Organisations, Vol.45(4), pp.441-458. Meagher, K.J. and De Fontenay, C.C. 2001, “Return to Scale in One- Shot Information Processing When Hours Count” in Review of Economic Design, Vol.6(1), pp.113-124. Morita, H. 2001, “Choice of Technology and Labour Market Consequences: an Explanation of U.S.- Japanese Differences” in Economic Journal, Vol.111, (January), pp.29-50. Morita, H. 2001, “Partial Ownership Induces Customised Investments under Repeated Interaction: an Explanation of Japanese Manufacturer-Suppliers Relationships” in Scottish Journal of Political Economy, Vol. 48, (August), pp.345-359. Nevile, J.W. 2001, “Should Award Wage Rates be Frozen” in Economic Papers, June 2001, pp.26-35. Owen, A. D. and Lammerson, F. 2001, “The Helsinki Arrangement: Its Impact on the Provision of Tied Aid” in International Journal of Finance & Economics, Vol 6(1), pp.69-79. Piggott, J. and Whalley, J 2001, “VAT Base Broadening, the Informal Sector, and Self Supply” in American Economic Review, Vol.91(4), pp.1084-1094.

8 Annual Report

http://www.economicdynamics.org/

http://economics.web.unsw.edu.au/research/caer/DP/no2_2001.pdf


Podder, N. and Mukhapadhayay, P. 2001, “The Changing Pattern of Sources of Income and Its Impact of Inequality: Method and its Application to Australia, 1975-1994” in Economic Record, Vol.77, pp.242-251. Sowey, E. R. 2001, “Striking demonstrations in teaching statistics” in Journal of Statistics Education, http://www.amstat.org/publications/jse/v9n1/sowey.html, Vol.9(1). Stegman, T. and Stegman, A. 2001, “Labour Market Flexibility and the Output-Employment Ratio in Australia” in Economic and Labour Relations Review, Vol.12(2), pp.285-302. Yang, M. 2001, “Closed-form Likelihood Function of Markov-switching Models” in Economics Letters, Vol.70, pp.319-326.

NON-REFEREED JOURNAL ARTICLES Kingston, G. 2001, “Privatisation, Deregulation and Microeconomic Reform” in Economics, Vol.37(2), pp.32-38. Kriesler, P. 2001, “What is this thing called unemployment?” in Economics, Vol.37(3), pp.5-16. Kriesler, P. 2001, "Introduction to Symposium on Unemployment, Job Insecurity and Health" in Economic and Labour Relations Review Vol.12(1), pp.1-3 Kriesler, P., McNaughton, A and Cossins, A. 2001, “Introduction” in Australian Journal of Human Rights, Vol. 7(1), March, pp.1-4. Kriesler, P., McNaughton, A and Cossins, A. 2001, “Introduction to Special Issues: Mandatory Sentencing: Rights and Wrongs” in Australian Journal of Human Rights, Vol.7(2), pp.1-2. Lodewijks, John. 2001, “Coleman & Hagger: Exasperating Calculators” in Economic and Labour Relations Review, Vol.12(2), Dec, pp.331-333. Nevile, J.W. 2001, “Distorting the Australian Wage Debate: A Reply to James, Wooden and Dawkins” in Economic Papers, September, pp. 71-74. Stegman, T. 2001, “Labour Market Policies” in Economics, Vol.37(1), pp.33-37.

Annual Report 9

http://www.amstat.org/publications/jse/v9n1/sowey.html


CONFERENCE PUBLICATIONS

Bateman, H. and Piggott, J. 2001, “The Australian Approach to Retirement Income Provision” in Pensions and Intergenerational Equity, Proceedings No. 1, Institute of Economic Research, Hitotsubashi University, Tokyo, pp.20-45. Bewley, R.A., Berg, P. and Rees, D. 2001, “The impact of Stock Market Volatility on Corporate Bond Credit Spreads” proceeding MODSIM 2001 International Congress on Modelling and Simulation, pp.1391-1396. Fiebig, D.G. Bartels, R., and McCabe, A. “The value of using stated preference methods: A case study in modelling water heater choices” in Proceedings of the International Congress on Modelling and Simulation, Volume 3, Australian National University, Canberra, ACT. Magnani, E. 2001, “Employment and Labour Market Effects of Technological Innovation and Diffusion” in papers and proceedings of Work 2001 Employment Creation in Development, pp.107-118. Monadjemi, M. 2001, "Real exchange rate stability: Evidence from 5 OECD countries" in Business and Economics for 21st Century, an Anthology of Selected Papers from 2001 Business and Economics Society International Conference, pp.334-342. Owen A. D. 2001, “The Economics of Renewable Energy Technologies” proceedings of the 24th Annual IAEE International Conference, pp.25-27. Owen A. D. 2001, “Externalities of Electricity Generation and Renewable Energy Technologies” in 2001 Business & Economics Society International Conference, Paris, France. Owen A. D. 2001, “Externalities and Renewable Energy Technologies” in Proceedings of the Solar World Congress, Adelaide. Robertson, P.E. 2001, “Gender Bias in Education: The Role of Kinship and Household Norms in LCD’s” in European Society for Population Economics. Robertson, P.E. 2001, “The Parallel Lines Hypothesis and Productivity Growth in the OECD” in the Parallel Lines Hypothesis and Productivity Growth in the OECD. Truong, T.P. 2001, “The Costs of CO2 Gas Emission Reductions in Major Annex 1 and Non-Annex 1 Economies: A Comparative Study Using the GTAP-E Model” in 30th Annual Conference of Economists, Perth, WA, pp.14. Truong, T. P. and Hamasaki, H. 2001, “The Costs of Green House Gas Emission Reductions in the Japanese Economy - An Investigation Using the GTAP-E Model”, in the Fourth annual GTAP International Conference, Purdue University, West Lafayette, Indiana, USA, pp.15

10 Annual Report


WORKING PAPERS Barrett, G.F. 2001, "The Dynamics of Participation in the Sole Parent Pension and Parenting Payment-Single Program" in Policy Research Paper, No.14. Doiron, D. 2001, “Is Underemployment Due to Labour Hoarding? Evidence from the AWIRS”.

Doiron, D. 2001, “Labour Supply Responses to Large Policy Shifts among Lone Parents in Australia”.

Bewley, R. and Fiebig, D.G. 2001, “On the herding instinct of interest rate forecasters”.

Fiebig, D.G. 2001, “Households choices: Some data and modelling issues”.

Fiebig, D.G., Islam, T. and Meade, N. 2001, “Modelling multinational telecommunication demand with limited data”.

Fischer, L. Huh, H. and Tallman, E. 2001, “Permanent Income and Transitory Variation in Investment and Output”, in Federal Reserve Bank of Atlanta Working Paper 2001-17.

Kriesler, P and Halevi, J. 2001, “Political Aspects of Buffer Stock Employment” in CAER Working Paper 2001/2

Kriesler, P. and Nevile, J. 2001, “Tools of Choice for Fighting Recessions” in CAER Working Paper 2001/3.

Morita, H. 2001, “Multiskilling, Delegation, and Continuous Process Improvement: A Comparative Analysis of US-Japanese Work Organizations”.

Morita, H. and Basu, K. 2001, “International Credit and Welfare: Some Paradoxical Results with Implications for the Organization of International Lending”.

Morita, H. and Waldman, M. 2001, “Competition, Monopoly Maintenance, and Consumer Switching Costs”.

Morita, H. and Waldman, M. 2001, “Durable Goods, Monopoly Maintenance, and Time Inconsistency”.

Otto, G. and Crosby, M. 2001, “Growth and the Real Exchange Rate – Evidence from 11 Countries,” in Hong Kong Institute for Monetary Research Working Paper 8/2001.

Otto, G. and Crosby, M. 2001, “Persistence of Output Fluctuations under Alternative Exchange Rate Regimes,” in Hong Kong Institute for Monetary Research Working Paper 7/2001.

Otto, G., Voss, G. and Willard, L. 2001, “Understanding OECD Output Correlations,” in Reserve Bank of Australia Research Discussion Paper 2001-05.

Annual Report 11

http://economics.web.unsw.edu.au/research/caer/DP/no2_2001.pdf


Owen, A. D. 2001, “The Relationship between the World Price for Skipjack and Yellowfin Tuna Raw Material for Canning and Supply from WCPO and FFA Member Countries EEZs” in Forum Fisheries Agency, Honiara, Solomon Island, Report No. 01/32”.

SCHOOL OF ECONOMICS DISCUSSION PAPERS 2001/1 The Effect of the Non-Market Component of Standing Value on the Optimal Forest Rotation Chris M. Alaouze.

2001/2 Is Tax Harmonization Useful? Bernd Genser and Wolfgang Eggert.

2001/3 The Global Transmission of Prices After the Law of One Price is Abandoned Michael Olive.

2001/4 Does Openness Mean that Domestic Prices are Determined Abroad? Harry Bloch and Michael Olive.

2001/5 Adverse Selection and the Decline in Private Health Insurance Coverage in Australia: 1989-1995 Garry Barrett and Robert Conlon.

2001/6 Economic Factors in Australian Federation, 1891-1901 David Meredith.

2001/7 Using the Theory of the Firm To Better Understand the Firm Size Effect on Wages Kieron Meagher and Hugh Wilson.

2001/8 An Internal Labour Market Approach to Assessing the Gains From Outsourcing Trevor Stegman.

2001/9 Changes in the Degree of International Capital Mobility Since the 1970s Mehdi Monadjemi.

2001/10 Permanent Income, Tax Smoothing and Forecasts of Government Expenditure in the United States: 1929-1994* Lance Fisher and Geoffrey Kingston.

12 Annual Report

http://economics.web.unsw.edu.au/research/DP/dp2001-1.pdf










http://economics.web.unsw.edu.au/research/DP/dp-2001-8.pdf





POSTGRADUATE RESEARCH ACTIVITY

2001 GRADUATES DOCTOR OF PHILOSOPHY

Prangtip Chansomsak Thesis: Impact of Services Trade Liberalisation on the Thai Economy. Supervisors: Peter Robertson and Truong Truong Arusha Cooray Thesis: The Impact of Deregulation of Financial Market Efficiency in Sri Lanka Supervisor: Glenn Otto Anthony De Francesco Thesis: The Use of Exogenous Short-Run Dynamics in Analysing Long-Run Equilibrium Relations in Economics Supervisor: Ron Bewley Hung Luu Thesis: Essays on Productivity and Efficiency Analysis Supervisor: Knox Lovell Hyun Hwa Son Thesis: Economic Growth, Inequality and Poverty in Korea and Thailand Supervisor: Nanak Kakwani

2001 GRADUATES MASTER OF COMMERCE (HONOURS)

Michael Causer Thesis: The 1938 Iron Ore Export Embargo: The Commonwealth Government's Motivations and Objectives Supervisor: John Perkins Janiece McGrath Thesis: Technology Transfer to India from Britain in the Late 19th Century Supervisor: David Meredith Tracey McNaughton Thesis: Member Investment Choice in a Mandatory Retirement Savings System Supervisor: John Piggott Julie Orr Thesis: Rating of Retirement Savings Arrangements Supervisor: Hazel Bateman P Poonthrigobol Thesis: Thailand's Export Performance Supervisor: Nanak Kakwani

Annual Report 13

POSTGRADUATE RESEARCH ACTIVITY ENROLMENTS AS AT DECEMBER 2001 DOCTOR OF PHILOSOPHY NAME SUPERVISOR TOPIC Glenn Anderson

Ron Bewley

Testing economic theories with applications to money and business cycles

Jatin Chand

Glenn Otto Efficiency wage models of the Australian Economy

Mehmet Dalkir Ron Bewley Forecasting with structural breaks Suzanne Doyle

John Piggott International comparisons of retirement income policies with Australia

Simon Eckermann

Kevin Fox Application of contestability/DEA to the health sector

Luci Ellis

Lisa Magnani Regime shifts and the transmission of monetary policy

Nicolas Gerber

Robert Hill The measurement and conservation of biodiversity

Neil Hart

Peter Kriesler The role of increasing returns in the history of economics

Patricia Hill

Peter Kriesler

Poverty, needs analysis and the experience of urban Australian women

Pak Kin Ho Glenn Otto Regional labour markets Vicky Hwang Bill Schworm Economic aspects of patent law Philip Ji

Mehdi Monadjemi

Changes in fiscal and monetary policy in Korea and Japan

David Kim Glenn Otto Business cycles in South East Asia Titi Lestari

Mehdi Monadjemi A monetary approach to exchange rate determination: evidence from Indonesia

Xiaolin Li Ron Bewley Time series analysis Patrick Lim Peter Robertson International trade Daniel Melser Robert Hill Environmental policy and international trade Haque Nabin Gautam Bose The institutional patterns in rural labour markets Tano Pelosi Kevin Fox Efficiency analysis of the banking sector Ryle Perera Geoff Kingston Optimal asset allocation and exchange rate risk

hedging Sachi Purcal John Piggott Issues in superannuation economics Miriam Steurer

John Piggott Fertility decisions and the sustainability of public pension systems

Mahmat Temur

Garry Barrett An analysis of the wage gap between the US and Australian labour markets and its underlying causes

Susan Thorp Geoff Kingston Saving and superannuation in Australia Richard Tooth Robert Hill Market failures in social interactions Wahida Yasmeen

Lisa Magnani An analysis of the impact of trade on wage differential between skilled and unskilled workers

Ai Ling Zhou Minxian Yang Time series analysis

14 Annual Report

POSTGRADUATE RESEARCH ACTIVITY ENROLMENTS AS AT DECEMBER 2001 MASTER OF COMMERCE (HONOURS) NAME SUPERVISOR TOPIC Cui Sarah Ron Bewley Applied Econometrics

Annual Report 15

GRANT FUNDING GRANT FUNDING In 2001, staff in the School were awarded 3 Large ARC Grants ($549,197 over 3 years), 2 Linkage Grants ($302,500 over 3 years) and 3 URSP Grants ($31,000). In addition members of the School received competitive funding from the Faculty of Commerce and Economics for 3 research projects ($8,800).

Large ARC Grants Investing Over the Life Cycle Geoffrey Kingston ($120,000 over 3 years) Hazel Bateman Lance Fisher Mike Sherris Bill Schworm Understanding Colonial Australia/ Building a National Resource David Meredith ($212,197 over 3 years) Deborah Oxley SH Horrell The Demand and Supply of Retirement Provision John Piggott ($217,000 over 3 years) Hazel Bateman Sachi Purcal Hodaka Morita Linkage Grants Labour Supply and Savings of Older Australians Behavioural John Piggott Responses and Economic Impact A.D Woodland (Syd) with Dept of Family and Community Services Garry Barrett ($281,000 over 3 years) A Review of Work for the dole as a Labour Market Program John Nevile with CEDA Tony Eardley (SPRC) ($21,500 over 1 year)

Annual Report 16

SEMINARS SCHOOL SEMINAR PROGRAMME

SPEAKER TOPIC

Stuart Landon University of Alberta

Minimum Wage Choice with Competition between Regions: Is there a "Race for the Bottom"?

Peter W. Kennedy University of Victoria

Optimal Early Action on Greenhouse Gas Emissions in Canada

Robert Haveman and Barbara Wolfe University of Wisconsin-Madison

The Role of Expectations in Adolescent Schooling Choices: Do Youths Respond to Economic Incentives?

Kunal Sengupta University of Sydney

Financial Constraint, Cash Balances and Corporate Investment Decisions

Rabee Tourky University of Melbourne

Mas-Colell's Price Equilibrium Existence Theorem: the Case of Free Disposal

Gregory K. Dow Simon Fraser University

Partnership Markets with Adverse Selection

Alan Duncan University of Nottingham

Simulating the Behavioural Effects of Welfare Reform among Sole Parents in Australia

David Harris University of Melbourne

Stochastic Cointegration

Gaurav Datt World Bank

El Niño or El Peso? Crisis, Poverty and Income Distribution in the Philippines

Carolyn Pitchik University of Toronto

An Economic Theory of Leadership Turnover

Parantap Basu Fordham University

The Growth-Inequality Relationship in a Neoclassical Model

Jeffrey Kline Bond University

Forgetfulness, Coherent Interim Players, and Self-Deception

Martin J. Osborne University of Toronto

Collective Decision-Making with Costly Participation

Robert Breunig Australian National University

Some Simple Methods for Assessing Markov Switching Models

Esfandiar Maasoumi Southern Methodist University

A Dependent Metric for Nonlinear Time Series

Hans-Joachim Voth Cambridge University, Universitat Pompeu Fabra

Convertibility, Currency Controls and the Cost of Capital in Western Europe, 1950-1999

Mark Melatos University of Sydney

Tough Choices in Customs Union Formation

Annual Report 17

SEMINARS

John Whalley University of Western Ontario

Metrics for Equilibrium Comparisons

Stephen King University of Melbourne

On the Neutrality of Credit Card Interchange Fees

Gillian Hamilton University of Toronto

Class, Gender, and Marriage

Michael Baker University of Toronto

The Married Widow: Marriage Penalties Matter!

Rohan Pitchford ANU

Endogenous Transactions Costs in a Multi-seller Model

Dennis Ahlburg University of Minnesota

Time to Graduation or Dropout from College: A Hazard Model with Endogenous Waiting.

Martin Richardson University of Otago

Some Economics of Cultural Quotas in Broadcasting

Bert Balk Statistics Netherlands

Aggregation Methods in International Comparisons: What Have we Learned?

Felix Kubler Stanford University

Asset Pricing with Incomplete Markets and Collateral Constraints

Adonis Yatchew University of Toronto

Semiparametric Regression for the Applied Econometrician

Alan Woodland University of Sydney

An Inter-temporal General Equilibrium Econometric Model for a Small Open Economy with Application to Australia

Yuan K Chou University of Melbourne

Why Wall Street Matters for Long-Term Prosperity: Financial Innovations and Growth

Lars-Erik Öller Statistics Sweden

Leading Indicators in Sweden

W. Erwin Diewert University of British Columbia and UNSW

Hedonic Regressions: A Consumer Theory Approach

L. Randall Wray University of Missouri

Are We All Keynesians (Again)?

18 Annual Report

SEMINARS SEMINARS AND CONFERENCE PRESENTATIONS BY MEMBERS OF THE SCHOOL STAFF MEMBER SEMINAR/PRESENTATION LOCATION

Chris Alaouze The Effect of the Non-Market Component of Forest Standing Value on the Optimal Forest Rotation.

45th Annual Conference of the Australian Agricultural and Resource Economics Society, South Australia.

Hazel Bateman The Australian Approach to Retirement Income Provision.

International Seminar on Pensions, Institute of Economic Research, Hitotsubashi University, Kunitachi.

Hazel Bateman A New Look at Pension Plan Administrative Expenses.

Economic and Social Research Institute – International Forum of the Collaboration Projects, Tokyo.

Hazel Bateman New Evidence on Pension Plan Design and Administrative Expenses.

The Ninth Annual Colloquium of Superannuation Researchers, University of New South Wales.

Hazel Bateman Disclosure of Superannuation Fees and Charges.

The Australian Institute of Superannuation Trustees, Sydney.

Hazel Bateman New Evidence on Pension Plan Design and Administrative Expenses.

Conference of Economists, University of Western Australia, Perth.

Hazel Bateman Disclosure of Superannuation Fees and Charges.

The Australian Institute of Superannuation Trustees, Melbourne.

Hazel Bateman Design and Management of Occupational Defined Contribution Pension Schemes: Lessons from the Administrative Cost Literature.

Occupational Pensions in China, Ministry of Labour and Social Security (China) and OECD Workshop, Beijing.

Hazel Bateman Retirement Income Strategy in Australia.

The Future of Superannuation Symposium, Queensland University of Technology.

Hazel Bateman Superannuation Costs, Fees and Charges.

The Taxation Institute of Australia, Sydney.

Annual Report 19

SEMINARS

Robert Conlon The Role of Canada in the Development of the Australian Automobile Industry.

International Trade Conference in Honour of James Melvin, The University of Western Ontario.

Denise Doiron Underemployment in Australia.

Research School in Social Sciences, Australian National University.

Denise Doiron Is Underemployment Due to Labour Hoarding? Evidence from the AWIRS.

Econometric Society Meetings in Auckland.

Denise Doiron Labour Supply Responses to Large Policy Shifts among Lone Parents in Australia.

Department of Family and Community Services Conference, Canberra.

Denise Doiron Labour Supply of Lone Parents in Australian IDS data.

The Research School of Social Sciences, Australian National University.

Denzil Fiebig Consumers and Experts: An Econometric Analysis of the Demand for Water Heaters.

Industry Economics Conference, Melbourne.

Denzil Fiebig Households Choices: Some Data and Modelling Issues.

Conference of the Australian Health Economics Society, Canberra.

Denzil Fiebig The Value of Using Stated Preference Methods: A Case Study in Modelling Water Heater Choices.

MODSIM 2001: International Congress on Modeling and Simulation, Canberra.

Denzil Fiebig Household Choices: Some Data and Modelling Issues.

Tilburg University, The Netherlands.

Lance Fischer The Australian Economy: Performance and Prospects.

St Thomas University, Saint Paul, Minnesota, USA.

Lance Fischer Real Exchange Rates, Trade Balances and Nominal Shocks: Evidence for the G-7.

Australasian Meeting of the Econometric Society, University of Auckland, Auckland.

Lance Fischer Permanent Income and Transitory Variation in Investment and Output.

Department of Economics, University of Melbourne.


Economics Discipline, University of Sydney.


Research Department, Reserve Bank of Australia.

Kevin Fox

Accounting for Growth and Output Gaps: Evidence from New Zealand.

Department of Economic Statistics, The Stockholm School of Economics, Sweden.

20 Annual Report

SEMINARS Kevin Fox

Natural Capital, Regulatory Change, and Firm Performance: Theory and Application of Index-Number Decompositions.

Department of Economics, University of Oviedo, Spain.

Kevin Fox

Accounting for Growth and Output Gaps: Evidence from New Zealand.

Department of Business Economics, Universitat Autónoma de Barcelona, Spain.

Kevin Fox Accounting for Growth and Output Gaps: Evidence from New Zealand.

The Swedish Institute for Growth Policy Studies, Sweden.

Kevin Fox


Department of Economics, Lund University, Sweden

Kevin Fox


Department of Economics, University of Geneva, Switzerland.

Kevin Fox


Department of Economics, Universitat de les Illes Balears, Spain.

Kevin Fox Accounting for Growth and Output Gaps: Evidence from New Zealand.

Department of Economics, Universitat Jaume I, Spain.

Arghya Ghosh Trade Policy in the Presence of Technology Licensing.

University of Melbourne.

Arghya Ghosh Trade Policy in the Presence of Technology Licensing.

University of New South Wales Internal Seminar.

Arghya Ghosh Small Firms: How many is too many? University of Sydney. Arghya Ghosh Small Firms: How many is too many? Australasian Econometric

Society Meetings at Auckland.

Arghya Ghosh Small Firms: How many is too many? Bond University. Arghya Ghosh Excess Entry in Vertical Oligopolies. Economic Theory

Workshop, Australian National University.

Robert Hill Linking Countries and Regions using Chaining Methods.

Joint World Bank – OECD Conference on Purchasing Power Parities: Recent Advances in Methods and Applications, Washington, D.C.

Robert Hill Superlative Index Numbers: Not All of Them Are Super.

Economic Measurement Group (EMG) Workshop, UNSW, Sydney.

Robert Hill Superlative Index Numbers: Not All of Them Are Super.

University of Sydney

Annual Report 21

SEMINARS

Peter Kriesler IS-LM a critique?

Department of Economics, University of Western Australia.

Peter Kriesler and John Nevile

Tools of Choice for Fighting Recessions.

The Path to Full Employment Conference, University of Newcastle.


Tools of Choice for Fighting Recessions.

School of Economics and Finance, Curtin University of Technology.


Macroeconomic Constraints with Globalization

Curtin Business School, Perth.


Tools of Choice for Fighting Recessions

Conference of Economists, University of Western Australia, Perth.

John Lodewijks What Happened to the Asian Crisis?

Rotary Club of West Raleigh, North Carolina.

John Lodewijks The Doctoring of Economics. RSPAS and APSEM, Australian National University.

John Lodewijks The Doctoring of Economics. University of Western Sydney.

John Lodewijks HOPE in the Antipodes.

“HOPE 2001 – The Future of the History of Economics” Conference, Duke University.

John Lodewijks HOPE in the Antipodes.

28th Annual History of Economics Society Conference, Wake Forest University.

David Meredith Federation and the Australian Economy.

Economic Society of Australia (NSW Branch).

David Meredith The Convict Worker in Van Diemen's Land: The Provision of Convict Labour to Private Employers in Van Diemen's Land 1840 to 1857.

Department of Economics, University of Newcastle.

Hodaka Morita Competition, Monopoly Maintenance, and Consumer Switching Costs.

2001 North American Winter Meetings of the Econometric Society.

Hodaka Morita Competition, Monopoly Maintenance, and Consumer Switching Costs.

The University of Melbourne.

Hodaka Morita Impacts of the Information-technology Revolution on Manufacturer-supplier Relationships: Theory and Evidence from Japan

The University of Tokyo, February 2001

Hodaka Morita Impacts of the Information-technology Revolution on Manufacturer-supplier Relationships: Theory and Evidence from Japan.

The University of New South Wales.

22 Annual Report

SEMINARS Hodaka Morita Impacts of the Information-

technology Revolution on Manufacturer-supplier Relationships: Theory and Evidence from Japan.

The University of Melbourne.

Hodaka Morita Impacts of the Information-technology Revolution on Manufacturer-supplier Relationships: Theory and Evidence from Japan.

La Trobe University.

Hodaka Morita Multiskilling, Delegation, and Continuous Process Improvement: A Comparative Analysis of US-Japanese Work Organizations.

The University of New South Wales.

Hodaka Morita Multiskilling, Delegation, and Continuous Process Improvement: A Comparative Analysis of US-Japanese Work Organizations.

The Australian National University.

Glenn Otto Persistence of Output Fluctuations under Alternative Exchange Rate Regimes.

Hong Kong Institute for Monetary Research.

Glenn Otto Understanding OECD Output Correlations.

Reserve Bank of New Zealand.


Reserve Bank of Australia.


Melbourne Institute Conference on Business Cycles.

Tony Owen The Economics of Renewable Energy Technologies.

24th Annual IAEE International Conference, Houston, Texas, USA.

Tony Owen Externalities of Electricity Generation and Renewable Energy Technologies.

2001 Business & Economics Society International Conference, Paris, France.

Tony Owen Externalities and Renewable Energy Technologies.

Solar World Congress, Adelaide 2001.

Peter Robertson Gender Bias in Education: The Role of Kinship and Household Norms in LDC's.

European Society for Population Economics, Athens.

Peter Robertson The Parallel Lines Hypothesis and Productivity Growth in the OECD.

30th Conference of Economists, Perth.

Bill Schworm Choosing Risky Investments with Optimal Credit Contracts

Economic Theory Workshop, University of Technology, Sydney,

Bill Schworm Choosing Risky Investments with Optimal Credit Contracts

Econometric Society Australasian Meeting, University of Auckland, Auckland.

Annual Report 23

SEMINARS

Eric Sowey Encouraging long-lasting learning in Business Statistics

The National Workshop on Teaching Business Statistics, Department of Statistics, University of Newcastle.

Eric Sowey Teaching an Initial Course in Statistics – Making it Inspiring.

Statistical Society of Australia (NSW Branch) at the University of Western Sydney.

Truong Truong The Economics of Climate Change Policies and International Trade -GTAP-E and Future Directions for Modeling.

Institute for Environmental Studies (IVM) , Vrije Universiteit, Amsterdam.

Geoff Waugh Keynote Address. Perspectives in Teaching, at Teaching and Learning Forum: Expanding Horizons in teaching and Learning, Curtin University.

Geoff Waugh Keynote Address.

Learning and Teaching Forum, University of Sunshine Coast.

Geoff Waugh Keynote Address. Teaching Forum Workshop, University of Sunshine Coast.

Minxian Yang Lag Length and Mean Break in Stationary VAR Models.

Erasmus University of Rotterdam.


Chinese University of Hong Kong


European University Institute


Monash University


University of New South Wales


Econometric Society Australasian Meeting 2001.

24 Annual Report

CONFERENCES HELD BY THE SCHOOL

Economic Measurement Group (EMG) Workshop Hosted by the Economic Measurement Group, School of Economics, University of New South Wales on 30th March, 2001. Coordinated by Dr Robert Hill. Ninth Annual Colloquium of Superannuation Researchers: Reform of Superannuation and Pensions Hosted by the Retirement Economics Group, School of Economics, University of New South Wales, July 10-11, 2001. Coordinated by Dr Hazel Bateman. CAER, Conference: The Third Way: A Policy Framework for Australia Hosted by the Centre for Applied Economic Research, School of Economics, University of New South Wales, July 12-13, 2001. Coordinated by Associate Professor Peter Kriesler and Professor John Nevile. 4th Annual Labour Econometrics Workshop Hosted by the School of Economics, University of New South Wales on August 10-11, 2001. Coordinated by Dr Garry Barrett.

Annual Report 25

EXTERNAL POSITIONS HELD

26 Annual Report

NAME POSITION

Garry Barrett, Member of the External Reference Group for the Household Income and Labour Dynamics Survey of Australia (HILDA), conducted by the Department of Family and Community Services.

Denise Doiron Advisor to the Household Income and Labour Dynamics Survey of Australia (HILDA) Advisory committee on the survey design for child care information Member of the editorial board of the Australian Journal of Labour Economics. Research Fellow at the Research School in Social Sciences, Australian National University

Kevin Fox Methodology Advisory Committee, Australian Bureau of Statistics.

Peter Kriesler Visiting Professor at Curtin Business School, Curtin University of Technology, July – October 2001. Editor of The Australian Journal of Human Rights Editorial Board: History of Economics Review Review Editor: Economics and Labour Relations Review

Glenn Otto Visiting Research Fellow at the Hong Kong Institute for Monetary Research January 2001. Member, Branch Council, Economics Society of Australia (NSW Branch), 2001-current

Tony Owen Member, International Editorial Board, Energy Economics and Energy Policy. President, Australian Association for Energy Economics Australian Representative, International Association for Energy Economics Member, International Organising Committee, 26th Annual IAEE International Conference, Prague, 2003.

Eric Sowey Associate Editor, Journal of Statistics Education External member, Research and Higher Degrees Committee of the Faculty of Commerce, Charles Sturt University. Session organiser for the Sixth International Conference on Teaching Statistics, to be held in Durban, South Africa, in July 2002.

SERVICE TO THE SCHOOL AND UNIVERSITY

NAME POSITION Hazel Bateman Associate Head, School of Economics.

Head of School Advisory Committee. School Appointments Committee (Associate Lecturer, Lecturer, Senior Lecturer). Research Mentor, Women Research 21 Program Member, Retirement Economics Group, School of Economics. Associate, UNSW Research Centre on Ageing and Retirement.

Garry Barrett Head of School Advisory Committee. Guatam Bose Internal Seminar Coordinator, School of Economics Denise Doiron Participant in workshop on usage of Australian Bureau of

Statistics unit record data organised by the UNSW Social Policy Research Centre. Co-organiser of the Labour Econometrics Workshop held at UNSW in August 2001.

Denzil Fiebig Member of the Mathematics Learning Centre Advisory Committee, University of Sydney Member of PhD committee of B. Conlan, Tilburg University, The Netherlands Assessor for Australian Research Council Head of School Advisory Committee Consultant for Classic Solutions

Geoffrey Fishburn Honours Coordinator, School of Economics Arghya Ghosh School Appointments Committee Robert Hill Postgraduate Coordinator, School of Economics

Head of School Advisory Committee

Geoffrey Kingston Faculty Research Committee Peter Kriesler Deputy Director of the Centre for Applied Economics Research

Deputy Director of the Australian Human Rights Centre Head of School Advisory Committee

Annual Report 27

SERVICE TO THE SCHOOL AND UNIVERSITY John Lodewijks Faculty Representative, University Qualifications Committee,

Level C Member, Faculty Standing Committee Session Chair, 28th Annual North American History of Economics Society Conference, June 29-July 2 at Wake Forest University.

Elisabetta Magnani Member, Faculty Standing Committee Hodaka Morita External Seminar Coordinator, School of Economics John Nevile Head of School Advisory Committee. Tony Owen Director, UNSW Energy Research Development and Information

Centre (ERDIC) Master Of Commerce Coordinator, School of Economics (Session 2) Head of School Advisory Committee.

John Piggott Head of School of Economics Head of School Advisory Committee.

Peter Robertson Undergraduate Coordinator, School of Economics Bill Schworm Head of School Advisory Committee. Trevor Stegman Head of School Advisory Committee.

Master of Commerce Coordinator, School of Economics (Session 1)

Eric Sowey Elected member of the Academic Board. Member of the Committee on Education of the Academic Board. Member of the Postgraduate Coursework Committee of the Academic Board. Member of the UNSW Archives Advisory Committee. Member, Standing Committee, Faculty of Commerce and Economics. Member of the Interview Team on Academic Quality at UNSW (School of Design Studies, School of the Built Environment) at the AUQA Trial Audit, August 2001.

Geoff Waugh Grievance Officer, School of Economics Academic and Management Committees of the Centre for Marine Sciences.

28 Annual Report

AWARDS, APPOINTMENTS, HONOURS and FELLOWSHIPS

NAME AWARD, APPOINTMENT, HONOURS AND FELLOWSHIPS

Kevin Fox Non-Professorial Research Achievement Award, Faculty of Commerce and Economics, UNSW.

Robert Hill Academy of Social Sciences in Australia Medal.

Non-Professorial Research Achievement Award, Faculty of Commerce and Economics, UNSW.

Tony Owen Fellow, Royal Statistical Society (FSS).

Annual Report 29

SUBJECT ENROLMENT STATISTICS

Annual Report 30

SUBJECT NAME ENROLMENTS UNDERGRADUATE STUDY 1999 2000 2001

ECON1101 Microeconomics 1 1568 1671 1853ECON1102 Macroeconomics 1 1256 1250 1453ECON1103 Microeconomic Principles 88 43 59ECON1104 Macroeconomic Principles 52 31 32ECON1107 Elements of Environmental Economics 26 21 34ECON1202 Quantitative Methods A 1014 908 1112ECON1203 Quantitative Methods B 902 1019 1004ECOH1301 Australia in the International Economy in the 20th Century 52 45 36ECOH1302 Australia and the Asia-Pacific Economies 32 26 27TOTAL FIRST YEAR ENROLMENTS 4990 5014 5610

ECON2101 Microeconomics 2 136 243 263ECON2102 Macroeconomics 2 110 180 158ECON2103 Business and Government 47 51 46ECON2104 Applied Macroeconomics 22 21 22ECON2105 Economics of Corporation 69 62 45ECON2107 The Economics of Information and Technology 37 36 68ECON2109 Economics of Natural Resources 19 23 13ECON2111 The Economics of Global Interdependence 50 45 60ECON2112 Game Theory and Business Strategy 47 34 63ECON2113 Economics of E-Commerce N/A N/A 60ECON2116 Japanese Economic Policy 28 32 36ECON2117 Economics of Tourism 60 53 72ECON2127 Environmental Economics 36 35 31ECON2206 Introductory Econometrics 65 93 85ECON2207 Econometric Methods 74 66 58ECON2208 Operations Research 19 17 12ECON2209 Business Econometrics and Forecasting 16 13 21ECON2215 Statistics for Econometrics 3 16 13ECON2291 Quantitative Methods A (Arts) 11 2 12ECON2292 Quantitative Methods B (Arts) 5 1 4ECOH2305 Modern Asian Economic History 20 20 N/AECOH2311 German Economy & Society N/A N/A 6ECOH2313 Economic Development in 20th Century N/A 6 0ECOH2318 Making the Market 2 N/A 14ECOH2319 Economic Policy Since Federation 3 13 N/AECOH2321 The Growth and Development of International Business 17 26 0ECOH2322 Business and New Europe 30 7 17TOTAL SECOND YEAR ENROLMENTS 954 1095 1179


Annual Report 31

ECON3101 Markets & Public Choice 38 24 25ECON3104 International Monetary Economics 44 20 34ECON3105 Economic Analysis of Productivity N/A 14 11ECON3106 Public Finance 28 22 14ECON3107 Economics of Finance N/A N/A 27ECON3109 Economic Growth, Technology and Structural Change 23 20 26ECON3110 Developing Economies and World Trade 42 26 31ECON3112 The Newly Industrializing Economies of East Asia 63 46 48ECON3113 Economic Development in ASEAN countries 84 64 51ECON3116 International Economics 28 28 42ECON3119 Political Economy 16 13 16ECON3120 Economic Reasoning 19 11 16ECON3121 Managerial Economics N/A N/A 4ECON3202 Mathematical Methods in Economics 21 12 17ECON3203 Econometric Theory 4 8 13ECON3204 Econometric Model Building 5 8 7ECON3206 Modelling High-Frequency Times Series Data N/A N/A 3ECON3213 Comparative Forecasting Techniques 8 7 10ECON3291 Econometric Methods N/A N/A 3TOTAL THIRD YEAR ENROLMENTS 423 265 398

ECON4100 Advanced Economic Analysis 9 8 11ECON4101 International Trade 2 3 2ECON4102 Industrial Organisation 6 6 6ECON4103 Business Cycles and Economic Growth 8 5 7ECON4104 Economics of Labour Markets 8 2 5ECON4127 Economics Thesis N/A 8 12ECON4201 Applied Econometrics 3 N/A 5ECON4202 Advanced Econometric Theory 1 1 3ECON4227 Thesis (Econometrics) N/A 1 6ECOH4321 Economic History 4 Honours N/A N/A 2TOTAL FOURTH YEAR ENROLMENTS 37 34 59 TOTAL UNDERGRADUATE ENROLMENTS 6404 6408 7246


Annual Report 32

SUBJECT NAME ENROLMENTS

POSTGRADUATE STUDY 1999 2000 2001

ECON5103 Business Economics 391 425 576ECON5105 Business Economics (International) 33 N/A 125ECON5108 Public Finance 15 12 4ECON5115 Natural Resource Economics 12 9 9ECON5116 Environmental Economics 23 14 19ECON5119 Economic Analysis of Productivity N/A N/A 1ECON5120 Topics in Business Economics I 17 20 6ECON5121 Topics in Business Economics II 32 13 10ECON5123 Economics of E-Business N/A N/A 126ECON5125 Fundamental Knowledge in Environmental Management: Economics

N/A 29 43

ECON5153 International Monetary Economics N/A 4 3ECON5154 Microeconomic Analysis 1 11 7 5ECON5155 Microeconomic Analysis 2 8 N/A N/AECON5158 Economics of Labour Markets 0 3 4ECON5159 Industrial Organisation 5 4 9ECON5156 International Trade 3 2 4ECON5158 Economics of Labour Markets 4 3 4ECON5164 Economic Reasoning 10 N/A 2ECON5174 Macroeconomic Analysis 1 14 6 8ECON5176 Business Cycles and Economic Growth 3 3 3ECON5197 Project Report N/A 3 N/AECON5198 Economics Research Seminar N/A 2 N/AECON5199 Thesis (Economics) N/A 2 3ECON5201 Comparative Forecasting Techniques 1 3 5ECON5203 Statistics for Business 240 302 444ECON5204 Mathematics for Business 21 23 19ECON5207 Elements of Econometrics 14 10 18ECON5233 Operations Research 5 11 11ECON5248 Business Econometrics and Forecasting 20 13 16ECON5251 Applied Econometrics 5 N/A 3ECON5252 Advanced Econometric Theory 0 2 3ECON5254 Econometric Theory 4 2 3ECON5255 Econometric Model Building N/A 2 7ECON5284 Mathematical Economics B N/A 3 2ECON5299 Project Report N/A 1 1TOTAL POSTGRADUATE ENROLMENTS 891 933 1496


Annual Report 33

Actuarial Studies SUBJECT NAME ENROLMENTS UNDERGRADUATE STUDY 1999 2000 2001

ACTL1001 Actuarial Studies and Commerce 228 175 203ACTL2001 Financial Mathematics 92 163 141ACTL2002 Probability and Statistics for Actuaries 61 146 123ACTL2003 Stochastic Models for Actuarial Applications 59 103 115ACTL2100 Industrial Training 1 (Co-op Program) 0 16 17ACTL3001 Actuarial Statistics N/A 35 78ACTL3002 Life Insurance Superannuation Models N/A 41 74ACTL3003 Insurance Risk Models N/A 34 54ACTL3004 Financial Economics for Insurance and Superannuation N/A 42 74 TOTAL UNDERGRADUATE ENROLMENTS 456 755 879

School of Economics · Miriam Steurer, Patrick Lim, Nicolas Gerber and Xiaolin Li were appointed....

Documents

Transcript of School of Economics · Miriam Steurer, Patrick Lim, Nicolas Gerber and Xiaolin Li were appointed....