ECONOMICS
UWA ECONOMICS HONOURS
by
Kenneth W Clements
Business School
University of Western Australia
DISCUSSION PAPER 12.09
March 2012
UWA ECONOMICS HONOURS
by
Kenneth W Clements*
Business School
The University of Western Australia
1. Introduction
The UWA Economics Honours degree has produced a stream of outstanding
students, has a history spanning more than half a century, enjoys considerable prestige and is
highly valued by the community and the University. As the degree is a flagship program of
the Business School, this paper records some of the history of the degree over the past three
decades.
Economics has been taught at UWA almost since the University’s inception in 1912,
when it was part of the Faculty of Arts, and Edward Shann was the Foundation Professor of
History and Economics. Economics became the Faculty of Economics in 1954, and then part
of the Faculty of Economics and Commerce in 1961. For some details of this early history,
see Alexander (1963), Lourens (1988) and Treloar (1988). In 2007, there was a major
reorganisation, with the Faculty of Economics and Commerce becoming the Business School
with about 100 academic staff.
The history of UWA Economics has been the subject of three recent papers by
distinguished UWA graduates: Appleyard (2010), McLure (2011) and Petridis (2011). While
these papers deal with issues broader than Economics Honours, they still at least touch on the
topic. Petridis (2011) mentions several prominent economics students from the 1940s and
50s. These include Reginald Appleyard (later to become Professor of Economic History at
UWA), Keith Frearson (influential academic in Economics at Monash), Robert Hawke
(Prime Minister of Australia), Austin Holmes (leading central banker at the Reserve Bank of
Australia), John Neville (Professor of Economics at UNSW), Maxwell Newton (financial
journalist and newspaper publisher) and Wilfred Salter (path-breaking researcher on
*
Kenneth Clements is a Winthrop Professor of Economics and BHP Billiton Research Fellow. In preparing this
paper, I have benefitted from the research assistance of Tijana Mirkovic, Tom Simpson and Caitlyn Thomas, as
well as the helpful input from Mei-Hsiu Chen, Rebecca Doran-Wu, Izan, Paul Lloyd, Paul McLeod, Michael
McLure, Rod Tyers, Terry Walter and other staff members of the UWA Economics Group. I gratefully
acknowledge the cooperation of the honours graduates who contributed letters to this project. This work was
financially supported by the UWA Business School.
1
productivity who died at a young age; see Weber, 2011, for some details). In his history
dealing with the 30 years up to the early 1990s, McLure (2011) notes the successes of
Economics students, and points to two leading examples: Colin Barnett, the current Premier
of WA, and Tracey Horton, who has just completed a highly successful 6-year term as Dean
of the UWA Business School. Appleyard (2010) adds to this already impressive list the
names of H. C. Coombs, who was to become the first Governor of the Reserve Bank of
Australia, John Stone (Secretary of Federal Treasury) and Arthur Tange (Secretary to the
Commonwealth Department of External Affairs), among others.
The UWA Economics Honours model is as follows: after their third year, students
with a strong academic record are invited to undertake honours, which entails another year of
studies. In recent times, on average, the honours class comprises about 15 students, who take
high-level units in macro and microeconomic theory, as well as optional units including
econometrics, economic development, history of thought, international finance, international
trade and public finance. Importantly, they also write a 15,000-word dissertation that absorbs
one-half of the overall year’s work. The dissertation is substantial and it represents a
tremendous learning experience for most students as it is the first time they have the
opportunity to carry out original research. In addition to researching a specific topic, writing
the dissertation provides valuable generic skills: the organisation of a large-scale project, the
development of writing and time-management skills, as well as gaining experience in
defining a researchable question.
The paper provides information on past honours students, their dissertations and
some details of what they are doing now. The paper also contains a set of letters from former
students; these letters contain unique personal perspectives of the graduates on the value of
honours and how it contributed to their subsequent careers. The data used in the paper have
been compiled from internal records of the Economics Group, as well as from official
University sources. While I have endeavoured to collect data that are as accurate as possible,
I am aware that the quality of the data is still less than perfect and the coverage is incomplete
(especially for the period before 1980). I apologise in advance to anyone who has been
inadvertently omitted from the tables that follow and would appreciate receiving any
additions and/or corrections.
2.
The Students and Prizes
For the period 1980-2010, there were 443 Economics Honours students and
Appendix A1 lists their names and, in the vast majority of cases, the titles of their
2
dissertations. Figure 2 shows that enrollments fluctuate considerably from year to year and
most recently, the number enrolled is close to the long-term average of about 15 students.
Thus, the program is not large, but quality is more important than quantity.1
Christopher Vargovic, a student from 1955, left a generous bequest to the University
to support research students in Economics.2 As shown in Appendix A1, over the last 10 years
Vargovic Memorial Bursaries have been awarded to more than 70 students, the majority of
whom were undertaking honours. Additionally, the WA Branch of the Economic Society of
Australia awards prizes each year for the top honours student and another for the best
honours dissertation in WA. The UWA winners of these prizes are also listed in Appendix
A1.
3.
Dissertation Topics and Supervisors
The topic for the honours dissertation is decided by the student in consultation with
staff. The titles of the 400+ dissertations written over the last 30 years are given in Appendix
A1. These are classified into broad areas in Figures 3 and 4. As can be seen from Figure 3,
macro and monetary economics is by far the most popular area, followed by international and
labour economics. The areas vary quite substantially on a decade-by-decade basis, and Figure
4 reveals a decline in labour and offsetting rises in other topics. But other than this, there does
not seem to be any easily identifiable patterns.3
In some cases, dissertations lead to publications in journals and elsewhere; see Table
1 for details. In most cases, supervisors have a substantial influence on the final dissertation,
so it is appropriate to record the supervisor’s names. Appendix A1 gives the details of
supervisors, while Figure 5 provides a summary picture in the form of the number of
dissertations supervised. As can be seen, over the three decades, Clements, McLeod, Weber,
Miller and Groenewold have been particularly active supervisors.
1
For the period 1925-79, for which the records are much less complete, 149 Economics Honours students have
been identified; for details, see Appendix A1.
2
Alec Kerr, Vargovic’s mentor at UWA, has told me that Vargovic was very fond of the University that he felt
had helped establish him in Australia after arriving penniless following his escape from Yugoslavia after World
War II. This gratitude is also reflected in the acknowledgements in his book (Vargovic, 1956) where he writes:
“Without the financial assistance of the Research Fund of the University this study would have been impossible.
I desire, therefore, to acknowledge the opportunity created in this way.”
3
The changes in the distribution of areas are statistically significant. See Appendix A2 for details.
3
4. What the Graduates Say
In an effort to obtain views from former students on the value of Economics Honours,
I made email contact with as many of them as possible. I invited them to provide information
on what they are doing now, reflect on their time at UWA and how it helped them in their
subsequent careers. I received 22 emails/letters in response and these are contained in
Appendix A2. This section provides an overview of that material.
Three related themes can be identified from the letters from the former students: (i)
the benefits of honours; (ii) how their studies helped their careers; and (iii) the usefulness of
studying economics. In what follows, I quote from the letters.4
Benefits of Honours
The graduates perceive considerable benefits from taking Honours, as is illustrated by
the following quotations:
A definite advantage of the UWA program was the small class size. As well
as allowing for greater contact between students and lecturers, I would also
say that the small class size also meant that students were able to spend
more time with their dissertation supervisor. I remember having weekly
meetings with my supervisor, Michael McLure, who offered excellent
guidance and support (and never got upset when I turned up for a meeting
without having touched my dissertation all week).
Louise Carter [2004]
…my training at UWA provided strong foundations in critical thinking and
conceptualisation skills. Further, being an international student in Perth for a
number of years had extensively enriched my people skills as well as
positive attitude in life.
Bernard Gan [1994]
Studying economics at honours level places you in the elite of the
economics graduates. Because of this you get access to the best staff and the
most in depth courses. Most important though, are your fellow honours
students, who are also the elite of economics…Completing honours opens
doors to any number of potential employers in both the public and private
sectors, domestically and internationally. A number of employers of
economics graduates (eg Treasury and the RBA) only take graduates with
honours qualifications. This is because of the general skills you acquire
during the year and the interest shown in the subject. Honours is also a
gateway to further study, such as a doctorate, both here and overseas.
David Halperin [2010]
4
The year of completion of Economics Honours is given in square brackets after the former student’s name.
4
The material learnt through the honours degree, and the opportunity to write
an extended piece of research under supervision, was valuable when I
entered work and when I applied for graduate study. Honours study sent a
strong signal to employers and universities that I was interested in the topic
and that I was willing to work hard.
Callum Jones [2008]
It was a tremendous learning experience, a chance to engage more seriously
with economics and to work closely with like-minded students…As a result
of my thesis, on the economics of the W.A. Potato Marketing Board, I was
asked to submit a paper to a refereed journal. I subsequently became a
minor media celebrity when the Board made the news thanks to a
combination of a legislative review and the antics of several antiestablishment potato growers. I was interviewed by The Australian
newspaper and W.A. Business News, which prompted a furious letter from
the Chairman of the W.A. Potato Marketing Board in response.
Oliver Kerr [2003]
Through both the course work and the thesis work, the professors
encouraged us to explore different avenues, be it by presenting ideas in
classes, encouraging reading around topics, or guiding us to investigate
material around our theses. Overall, I would say my honours year had the
highest marginal return of all my university years.
Emily Laing [2007]
…The quality of education received at UWA was on a par with anything I
might have found anywhere else in the world.
James McClements [1984]
Whilst the year was the most challenging of my university career it was
certainly the best! I took the Economics major and electives in International
Finance and Topics in Economic Analysis. These were fascinating, and I
felt I was learning material that helped me to understand the world around
me, whilst also getting a glimpse of just how huge the world is! By far the
hardest part of the year is the dissertation! For me, completing the thesis felt
like a maze, except I wasn’t just trying to find the end, I had to find where to
start first! There are stumbling blocks along the way but your supervisor is
there to assist you overcome these. This is the greatest privilege of being an
honours student, working closely with academics that are expert in their
field and full of character! I was lucky enough to be supervised by Professor
Ken Clements, whose fantastic guidance allowed me to complete a paper on
the pricing of illicit drugs in Australia.
Susan Pen [2010]
Small class numbers fostered much greater contact with lecturers, who were
always willing to discuss problems and issues. I found this one of the more
rewarding aspects of the honours year.
John Roberts [1981]
5
…the level of care and commitment of supervisors to their honours students
is something that makes the honours year a very special academic
experience, and something that distinguished the year from other
undergraduate experiences.
Derby Voon [2003]
I found my Honours year at UWA to be a pivotal experience for me…If you
are inherently a curious, inquisitive person, the Honours programme is a
wonderful experience. For the first time in your life, you have the
opportunity, through your thesis, to make a contribution to the study of
economics…My advice to anyone contemplating doing Honours at UWA?
Do it.
Andrew Williams [1996]
My economics degree provided me with a sound grounding in
macroeconomic theory. Even more valuable was the knowledge, experience
and technical skills which I developed during my honours year and through
my work as a tutor for the economics department…Overall, my time spent
studying at UWA included some of the best years of my life and provided
me with many career opportunities.
Nina Yiannopoulos [2007]
What Did it Lead To?
The wide variety of activities of graduates, and the usefulness of the skills they
acquired in their studies, is reflected in the following passages:
After completing my degree I worked at the Reserve Bank of Australia.
Here, I was able to apply economic principles and theories to assist in
understanding current issues relevant to monetary policy. For example, I
assessed the risks faced by the Australian financial system by conducting
analysis into securitisation and insurance practices that would become a key
factor in the sub-prime financial crisis some five years later.
Andrew Ainsworth [2001]
…it has certainly opened many doors for me. Having a good honours degree
was definitely a vital step in getting a job at the Reserve Bank, where I have
worked since 2005.
Louise Carter [2004]
My economics training at UWA was certainly a plus when I later did my
MBA at the University of Cambridge. Having moved back to Perth with my
family about 8 years ago, I am now with KPMG working in the Energy and
Natural Resources area and KPMG’s China Business Practice advising
Chinese companies investing in WA. Again my UWA economics degree
has put me in good stead as I find I am still applying the economic
analytical tools you taught me.
Peter Chong [1986]
6
My Economics training at UWA has given me a good grounding for my
research, and also provided me with the knowledge and desire to impart
these to the younger generations. Amongst my peers who graduated in the
same cohort, some have went on to public sector careers in the Reserve
Bank of Australia, the Australian Competition and Consumer Commission,
while others who have embarked on careers in the private sector with banks
such as Merrill Lynch and Citibank, or accounting firms such as Ernst and
Young, or KPMG. As for myself, I am currently pursuing a PhD in
Economics, and am currently Assistant Professor of Health Economics in
the School of Population Health at UWA. I am certain that my education at
UWA has primed me well for my work…
Ian Li [2007]
I have always been pleased for the grounding that my economics honours
year at UWA gave me. That year was instrumental in what I went on to do
by way of a career as a “professional economist” in the broader meaning of
the phrase. In the beginning it served me well after my graduation when I
joined The Treasury in Canberra at what proved to be an especially
auspicious time with the election of the Hawke Government…At a very
young age I had the pleasure of a front row seat for some of that period as a
member of the then Treasurer Keating’s private staff after being seconded
from the Treasury in early 1985 after serving 2 years in the Department
proper (a testament I would have thought to my economics honours training
at UWA).
Stephen Miller [1982]
My career since Economics Honours has led me to management
consulting… While I haven’t directly applied my economics in a work
context the degree provided me with a strong foundation for thinking in a
structured way.
Graeme Thomas [1993]
…the experience taught me many things that have subsequently served me
well. Perseverance, attention to detail, time management, patience and
satisfaction are words that immediately spring to mind, but I’m sure I could
add many others.
Andrew Williams [1996]
Why Economics?
Some of the letters from graduates refer to their perception of the broader benefits of
choosing to study economics -- the power of the economic way of thinking, the insights it
provides into national and global events, as well as its sheer intellectual content. Here are
some examples:
I believe an economics degree at UWA teaches one how to think, rather than
what to think. It equips one with the tools to be able to think independently
and critically about a variety of relevant issues. I distinctly remember an
economics lecturer stating in my first year that “just because it is written in
7
a book does not mean it is true”, highlighting the need to be able to
question, rather than merely accept, what is written.
Andrew Ainsworth [2001]
I decided to take a cadetship from the Reserve Bank and felt like I had
landed my dream job. While I was at the Bank I wrote lots of briefing notes
for the Reserve Bank Governor and built lots of economic models (on those
new-fangled personal computers!) and discovered that economic models are
very useful ways of generating powerful insights about complex
situations…I am proud of the fact that in some small way, I have used my
economics knowledge to make a positive difference in the world. Every
now and again, you may hear a perspective that studying economics and
business is just something that you do if you want to make money…But
economics and business is about so much more than that. Business acts as a
catalyst to bring together all disciplines and to ensure cooperation across
nations. It underlies the strength of the great economies of the world. Being
a business owner or leader brings with it tremendous responsibilities of the
employment of others and their well-being while they are at work and of the
custodian-ship of the resources of future generations.
Tracey Horton [1985]
Economics is a degree whose tentacles increasingly reach into almost every
aspect of society in some form. As such I consider it a valuable launching
pad for new graduates.
Peter Kerr [1992]
Studying economics at UWA has opened many career paths. It is powerful
knowledge to possess in this era of economic integration and globalization.
Based on my experience I would definitely recommend the study of
economics at UWA.
Mark Knezevic [2004]
Economics to me was a window on global issues and stretched my
imagination beyond what was happening solely in my back yard. It
motivated me to travel and have aspirations to seek employment outside of
Perth and outside of Australia.
James McClements [1984]
A UWA economics degree has not only enabled me to get my dream job,
but also taught me analytical and economic skills which I apply every day in
my work. It is a degree which strikes the perfect balance between the
humanities and the sciences, a degree which expands one’s capacity to think
in the broadest sense of the word. I can strongly recommend it to everyone.
Peter Nagy [2002]
I would, without hesitation, recommend an economics major to new
undergraduate students. I think that many people do not realise that they are
affected by and involved in economic theories every day. Examples range
from the trivial, such as why 2 litres of milk costs less per litre than 300 mL,
to important decisions about future expectations on mortgage interest rates.
8
Having a good understanding of economic principles helps explain and
simplify human behaviour.
David Shackles [2006]
5.
Where are They Now?
Honours graduates work in a wide variety of jobs. Many first go to work for a
government agency such as the Reserve Bank of Australia, Federal or State Treasury, or the
Productivity Commission. Then, after several years, they might move to the private sector
and work in banking, economic or management consulting, investment banking, stock
broking, etc. This section provides information on the current activities of the graduates. This
information was collected from several sources, including UWA records, LinkedIn, Google
and websites of companies and other institutions.
Appendix A2 contains detailed information regarding the current employment of 83
graduates. As can be seen from the summary in Figure 1, the graduates are now widely
dispersed over the private and public sectors, including academia, the RBA, consultancies
and financial institutions.
FIGURE 1
CURRENT EMPLOYMENT OF GRADUATES
15
12
9
6
3
0
Source: Derived from Table A2.2.
9
FIGURE 2
NUMBER OF HONOURS STUDENTS, 1980-2010
30
500
25
400
20
300
15
200
10
100
5
0
0
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010
Flow (Left‐Hand Axis)
Stock (Right‐Hand Axis)
FIGURE 3
DISSERTATION TOPICS, 1980 - 2010
90
80
70
60
50
40
30
20
10
0
10
FIGURE 4
DISSERTATION TOPICS, BY DECADE (Percentages)
25
A. Total, 1980 - 2010
(n = 412)
20
15
10
5
0
25
B. 1980 - 1989
(n = 119)
20
15
10
5
0
25
20
C. 1990 - 1999
(n = 132)
15
10
5
0
25
20
D. 2000 - 2010
(n = 161)
15
10
5
0
Notes: Panel A shows the distribution of honours theses by the Journal of Economic Literature classification for
1980-2010. Panels B, C and D are the distribution by decade.
11
FIGURE 5
SUPERVISORS OF HONOURS DISSERTATIONS, 1980-2010
A. Number of Students
50
40
30
20
10
0
B. Number per Year
2.0
1.5
1.0
0.5
0.0
Notes: Panel A gives the total number of dissertations supervised by each staff member. Panel B shows the mean
number per year which is equal to the total divided by the number of years the supervisor was on staff, standardising
for differing lengths of service.
12
TABLE 1: PUBLICATIONS FROM HONOURS DISSERTATIONS
1.
Branston, C.B. (with N. Groenewold). “Investment and Share Prices: Fundamental
versus Speculative Components.” North-American Journal of Economics and
Finance 15 (August 2004): 199-226
2.
Carter,
3.
Christie, V. "Union Wage Effects and the Probability of Union Membership."
Economic Record 68 (March 1992): 43-56
4.
Chong, P. "Does Interest Rate Parity Hold for Australia?" Bulletin of Money, Banking
and Finance 3 (1987): 79-96; errata, 1 (1988)
5.
Daryal, M. "Prices, Legalisation and Marijuana Consumption." University Avenue
Undergraduate Journal of Economics 2002
6.
Goh, D. (with N. Groenewold). “Fundamentals and Speculation in the Thai Baht
Crisis.” International Journal of Economics and Finance 5 (October 2000):
297-308
7.
Hallam, A. (with E. J. Weber). "Labour Taxes and Work Hours in Australia."
Australian Journal of Labour Economics 11 (2008): 117-128
8.
Jones, C. "House Price Measurement: The Hybrid Hedonic Repeat-Sales Method."
Economic Record 86 (2010): 95-97
9.
Kerr, O. "The Economic Effects of Regulation of the Western Australian Potato
Market." Australian Quarterly Bulletin of Economic Trends 1.04 (2004): 40-61
10.
Knezevic, M. "Estimating the Long-Term Costs of Diabetic Kidney Disease: An
Economic Approach." Applied Economic Letters 16 (2008): 1059
11.
He, L. (with N. Groenewold). “The US-China Trade Imbalance: Will Revaluing the
RMB Help (Much)?” Economics Letters 96 (2007): 127-132
12.
Miller, S. "Purchasing Power Parity and Relative Price Variability: Evidence from the
1970s." European Economic Review 26 (1984): 353-67
13.
Moody, A. "The Economics of Trading Blocs: Application to the Indian Ocean Rim."
Western Australian Economic Review 16 (July 1996): 8.1-8.35
14.
Pawley, J. (with E. J. Weber). Chapter 18 "Investment, Technical Progress and the
Consequences of the Global Economic Crisis." In O. de La Grandville (ed.)
Frontiers of Economic Growth and Development, 11 (2012): 483-92
L. "Labour Market Responses to the Abolition of Compulsory
Superannuation." Australian Journal of Labour Economics 8 (2005): 351-364
(Continued on next page)
13
PUBLICATIONS FROM HONOURS DISSERTATIONS (continued)
15.
Rummery, S. “The Contribution of Intermittent Labour Force Participation to the
Gender Wage Differential.” The Economic Record 68 (1992): 351-64
16.
Stephens, B. "The Determinants of Labour Force Status Among Indigenous
Australians." Australian Journal of Labour Economics 13 (2010): 287-312
17.
Voon, D and P.W. Miller "Undereducation and Overeducation in the Australian
Labour Market." The Economic Record 81 (August 2005): 22-33
18.
Win, R. "The Effects of Individual and School Factors on University Students'
Academic Performance." Australian Economic Review 38 (2005): 1-18
19.
Yang, W. and Zheng, S. (with K.W. Clements) "Is Utility Additive? The Case of
Alcohol." Applied Economics 29 (1997): 1163-67
20.
Yuen, W-C. "Food Consumption in Rich Countries." Chapter 6 in D. L. Chen World
Consumption Economics, Singapore: World Scientific (1999): 137-52
14
APPENDIX A1
Table A1.1 contains the detailed information on dissertations, including the names of
supervisors, while Table A1.2 is a comparison index. Tables A1.3 and A1.4 relate to students
to whom complete information is missing and/or who graduated before 1980. Details of
honours bursaries and prizes are given in Table A1.5 – A1.7.
15
TABLE A1.1
HONOURS DISSERTATIONS, 1980-2010
Year/Student Name
Dissertation Title
Supervisor
JEL
Code
412.
411.
410.
409.
408.
407.
406.
405.
404.
403.
402.
2010
Bartels, C.
Doger de Speville, M .
Doucas, B.
Halperin, D.
Low, K.C.
Pawley, J.
Pen, S.
Poon, A.
Wong, A.
Wu, C.
Yong, B.K.
A Golden Shock: Living Standards, Immigration and Mining Booms
Do Economic Fundamentals Drive Stock Market Comovements? Evidence from the United States and Canada
A Crude Reality: The Effects of Oil Price Shocks on Australian Stock Returns
A New Approach to Forecasting Metals Prices
Is Australia Suffering from Dutch Disease?
Investment and Productivity in Australia 1965-2007
The Pricing of Illicit Drugs
Malaysia's Economic Performance During the Global Financial Crisis
Schooling Progression in Indonesia
An Economic Analysis of the Declaration Criteria in Part IIIA of the Trade Practices Act
Sources of Sustained Chinese Economic Growth: During the Global Financial Crisis (GFC)
401.
400.
399.
398.
397.
396.
395.
394.
393.
392.
391.
390.
389.
388.
2009
Binwani, K.
Chan, T.
Cheang, Y.
Cruise, G.
Devitt, T.
Liu, W.
M ero, S.
Paterson, J.
Pong, J.
Rowe, C.
Stefansson, E.
Stephens, B.J.
Wang, S.
Zhang, L.
The Economic Growth - Income Inequality Nexus: A Singaporean Case Study
Siddique, A.
Stock Market Behaviour and Macroeconomic Performance
Tyers, R.
Tear Down the Walls: Analysis of Solutions to the Liquidity Trap
Weber, J.
Economics of Recycled Water Prices
M cLeod, P.
The Political and Economic Forces Behind Protectionism, and the Role of Economic Thought
M cLure, M .
Subprime Crisis: Has it Changed the Relationship between the Share Market and the Macroeconomy in Australia Groenewold, N.
Measures of Home Ownership Affordability in Australia: Trends and Policy Implications
M cLeod, P.
Commodity Prices, Stock Prices and the Exchange Rate for Australia During the Boom of the Noughties
Groenewold, N.
Economic Development and Demographic Transition: A Case Study of Singapore
Siddique, A.
The Consumer Sentiment Index as an Economic Indicator
Weber, J.
Fiscal Expansions and the Real Exchange Rate: Empirical Evidence from Australia
Tyers, R.
The Influence of Selected Characteristics on the Labour Market Outcomes Amongst Indigenous Australians
M iller P & Birch, E.
External Factors that Affect Share Prices—an Australian Approach
Groenewold, N.
The Effect of the Short Selling Ban on Financial Market Stability in Australia During the GFC in 2008/09
Weber, J.
O
G
E
Q
B
E
E
G
O
E
E
J
G
G
387.
386.
385.
384.
383.
2008
Anderson, G.
Bensley, E.
bin Rahmat, M .A.H.
Davis, B.
Garner, M .
Monetary Policy and Stock Prices in Australia: Evidence and Implications
The Effect of Terms-Of-Trade Shocks in Australia Under Different Exchange Rate Regimes
Extracting Market Expectations of Future Rate Changes from Australian Bank Accepted Bills Futures Options
The Water Market: Demand Side Management
An Analysis of Demand for Perth International Arts Festival Events
E
F
F
Q
D
page)
16
Robertson, P.
Groenewold, N.
Groenewold, N.
Clements, K.
Crompton, P.
Weber, J.
Clements, K.
Tyers, R.
Rammohan, A.
Q
G
G
Q
Q
E
D
E
J
Tyers, R.
E
Groenewold, N. & Izan, H
Groenewold, N.
Weber, J.
Clements, K.
M iller, P.
(Continued on next
TABLE A1.1 (continued)
HONOURS DISSERTATIONS, 1980-2010
Year/Student Name
Dissertation Title
Supervisor
JEL
Code
382.
381.
380.
379.
378.
377.
376.
375.
2008
Han, D.Y.H.
Jones, C.
Knight, K.
Kofanova, A.
Lane, K.
Petchey, R.
Priyati, R.Y.
Winzar, C.
A Comparison of Fundamental and Technical Analysis in Exchange Rate Forecasting
House Prices
Methodological Individualism in Theoretical Welfare Economics
The Economics of Reserve Holdings
The Monetary Dynamics of Hyperinflation in Zimbabwe
A Comparison of Electricity Industry Generation Costs with Nuclear Power Costs: An Australian Case Study
The Impact of High Energy Prices on Indonesian Exports
China’s Exchange Rate Regime: Reforming the Renminbi
Groenewold, N.
Clements, K.
M cLure, M .
Clements, K.
Clements, K.
M cLeod, P.
Clements, K.
Crompton, P.
F
E
I
E
E
Q
F
F
374.
373.
372.
371.
370.
369.
368.
367.
366.
365.
364.
363.
362.
361.
360.
2007
Bathgate, M .
Briggs, M .
Connolly, L.
Foo, S.P.
Gray, K.
Kaye, A.
Kunakool, S.
Laing, E.
Li, I.
M aesepp, M .
Ong, S.
Peiris, D.
Sin, Y.
Warren, M .
Yiannopoulos, N.
Australian State Business Cycles: A Markov Switching Approach
The Effect of the Australian Competition and Consumer Commission on Mergers and Acquisitions in Australia
CEO Pay Packages: Theory vs Practice within Australian Firms
The Economic and Psychological Approaches to Human Behaviour: Implications for Gambling Addiction
Drought, Crops and Insurance: Why Can’t Australia’s Farmers Insure Against Drought?
Aid, Governance and Growth
Trade Policy and Industrial Development in Thailand
Commodities, Currencies and their Inter-Relationships
Institutional Quality Effects and Graduate Outcomes
Larry Goes Bananas in North Queensland: The Economic Consequences of Cyclone Larry
Cash for Clunkers: An Analysis of a Voluntary Accelerated Vehicle Retirement Program in WA
The Determinants of Foreign Direct Investment: An Empirical Analysis
The Export Competitiveness of Malaysia and Singapore (1995-2005)
Estimation of the Coefficient of Relative Risk Aversion: A Meta-Analysis
A Quasi-Market Approach to Education: The Teacher Market
Weber, J.
da Silva Rosa, R.
Butler, D.
Butler, D.
Weber, J.
Williams, A & Wu, Y.
Siddique, A.
Clements, K.
M iller, P.
Clements, K.
M iller, P.
Wu, Y.
Wu, Y.
Weber, J.
M iller, P.
E
G
M
D
Q
O
L
F
I
E
H
F
F
D
I
359.
358.
357.
356.
355.
354.
353.
2006
Chan, A.
Chia, G.E.E.
Golabek, L.
Hallam A.
Ho, S.Q.
Horner, C
Kolychev, A.
The Regional Distribution of Economic Growth
What Influences a Graduate's Starting Salary?
China: The New Frontier of Luxury Goods Consumption
Institutions, Taxes and Work Hours: An Examination of Labour Supply in Australia and NZ since 1990
The Demand for IVF
Can Diversification Overcome Distance in the Stock Market?
A Dynamic Analysis of the Price Discovery and Volatility Spillovers in the Foreign Exchange Markets
Clements, K.
M iller, P.
Wu, Y.
Weber, J.
Butler, D.
Weber, J.
Hoti, S.
(Continued on next
R
J
O
J
D
G
F
page)
17
TABLE A1.1 (continued)
HONOURS DISSERTATIONS, 1980-2010
Year/Student Name
Dissertation Title
Supervisor
JEL
Code
352.
351.
350.
349.
348.
347.
346.
2006
Mehta, S.
Parameswaran, G.
Shackles, D.
Tan, J.W.
Tan, T.J.
Wyroll, P.
Yong, K.
The Impact of the Terrorist Events of September 11, 2001 on the U.S. Airline Industry and on Individual Firms Voola, J.
University Students and Tuition Costs; What Do They Think and How Much Do They Know?
Miller, P
The Implications of Australian Govt Policy on the Labour Market Performance of Refugees and Asylum Seekers Miller, P.
Auction Theory: A Comparison of Traditional Auctions and Online Auctions in the Case of Wine Auctions
Clements, K & Fogarty, J.
Comparative Advantage in Manufacturing: A Comparison of the ASEAN-5, China and India
Wu, Y.
The Democracy-Growth Nexus: Contemporary Evidence From Developing Countries
Siddique, A.
Is a Single Asian Currency a Beneficial Endeavour? A Comparative Study of Currency Area Optimality
Wu, Y.
D
I
H
D
O
O
F
345.
344.
343.
342.
341.
340.
339.
338.
337.
336.
335.
334.
333.
332.
331.
330.
2005
Axworthy, S.
Barker, T.
Beaman, S.
Butler, L.
Colegrave, A.
Currell, J.A.
Davies-Slate, S.
Gaturu, S.
Hakin, A.
He, L.
McDonagh, C.
Poole, E.
Simmonds, D.
Su, C.
Suttie, F.
Zaiyuan, S.P.
Macroeconomic Risk Sharing Amongst States within Australia
Weber, J.
OPEC Strategies, Achievements and Objectives 1990-2005
Gabbay, R.
Australia's Big Four: An Analysis of Competitive Strategy
Voola, J & Johnson, J.
An Evaluation of Manpower Forecasting Models and their Application in Australia
Miller, P.
Why Study? An Analysis of the Returns to Education in Australia
Giels, M & Siddique, A.
Housing Prices and Banking Solvency in Australia
Weber, J.
Explaining Regional Differences in Iron Production Costs
Crompton, P.
The Globalisation Debate: Selected African Countries' Perspectives
Siddique, A.
Modelling Return and Volatility Spilloves between Stock and FOREX Markets Across Indonesia, Japan and USAMcAleer, M.
Can a Flexible Chinese Rate Rescue the US Trade Deficit?
Groenewold, N.
“Big-Bang" Versus Gradualistic Strategies of Economic Transition: Case Studies of Mongolia and Vietnam
Siddique, A.
The Role of Uncertainty in Fisheries Management: Case Study on the West Australian Rock Lobster Fishery
Weber, J.
Parental School Choice: an Intergenerational Study of the Determinants of School Choice in Australia
Miller, P.
Economic Fundamentals, Volatility & Stock Returns in Australia
McAleer, M.
Environmental Policy, Property Rights and Economic Development Review and Analysis
Siddique, A.
Theocracy and Secularism: How Varied Forms of Government Affects Economic Welfare
McLure, M.
E
Q
G
C
I
E
Q
F
G
F
O
Q
I
G
Q
I
329.
328.
327.
326.
325.
324.
323.
2004
Carter, L.
Ceber, A.
Chua, B.
Chua, W.H.J.
Coffey, J.R.
Gray, C.J.
Knezevic, M.
Proposed Changes to Superannuation Policy: Implications for the Labour Market and Ageing Population
Monetary Policy in a Low Interest Rate and Low Inflation Environment
Growth in Government and Economic Growth in Singapore: Pre and Post Asian Currency Crisis
Impact of Immigrant Characteristics on the Propensity for Home Ownership: An Australian Perspective
Modelling Dynamic Conditional Correlations in the Returns to Spot, Forward and Future Prices
Monetary Interdependence between Australia, New Zealand and The US: A Structural VAR Approach
Cost and Probability Analysis of Type II Diabetes in a WA Community Setting
18
McLure, M.
J
Weber, J.
E
Wu, Y.
O
Miller, P.
J
McAleer, M.
G
Kam, T.
E
Clements, K & Le, T.
I
(Continued on next page)
TABLE A1.1 (continued)
HONOURS DISSERTATIONS, 1980-2010
Year/Student Name
Dissertation Title
Supervisor
JEL
Code
322.
321.
320.
319.
318.
317.
316.
315.
314.
313.
312.
311.
310.
309.
2004
Lee, B.S.
Mai, T.Q.
Ng, J.
Nugraweni, N.
Ong, C.A.H.
Ong, K.L.K.
Phua, Y.F.
Sargeant, M.
Shackles, E.
Sum, K.J.W.
Verani, S.
Vivatsurakit, T.
Wah, W.L.
Yao, R.Y.A.
An Economic Theory of National Defence
Indo-Australian Economic Relations in Perspective: Trade, Investment, and Aid
The Real Effects of Financial Deregulation
The Electoral-Economic Nexus: An Analysis of Political Cycles in the Australian Macroeconomy
Information in the Labour Market: Application to the Signalling and Screening of NBA Players
Regional Economic Activity in Malaysia
The Social Costs and Benefits of Gambling: An Economic Perspective
Banking: Regulation, Competition and the Social Welfare Consequences
The Burden of External Debt and the Need for Debt Relief
The Economics of Offshore Outsourcing
An Analysis of Open Source Software Developer’s Incentives
FDI and its Impact with Particular Reference to Economic Growth: The Case of Thailand
The Relationship between Energy Consumption, Economic Growth and Prices: Evidence from APEC
Change in Occupational Status of Immigrants to Australia
Clements, K.
Ghosh, N.
Weber, J.
Clements, K.
Miller, P.
Weber, J.
Miller, P.
Miller, P.
Siddique, A.
Butler, D.
Clements, K.
Wu, Y.
Wu, Y.
Le, T.
308.
307.
306.
305.
304.
303.
302.
301.
300.
299.
298.
297.
296.
295.
294.
293.
292.
291.
2003
Ang, G.T.
Browning, M.
Chan, Y.G.
Chia, J.
Colgrave, A.
Divkovic, V.
Kerr, O.
Lai, W.G.W
Lapham, K.
Lendry.
Mudford, K.
Ong, Z.
Pabla, A.
Phua, K.S.J.
Salley, N.
Tan, T.H.
Telling, A.
Vavakis, L.
The Socio-Economic Costs of Brain Drain from Australia
Foreign Direct Investment and Economic Growth: Selected Developing Countries' Perspective
Happiness Economics: The Factors That Affect Happiness in University Education
Asset Pricing, Macroeconomic Variables, and the Arbitrage Pricing Theory
Derivatives, Volatility and Monetary Policy
The Economic Impact of Mergers and Acquisitions in Australia
The Economics of the Western Australian Potato Marketing Corporation
Causality Relationship between Energy and Economic Growth: The Rich Versus the Poor
Allocating Property Rights for Efficient Native Title Outcomes
Positive Inflationary Bias in Discretionary Monetary Policy and Optimal Preference in the Central Bankers
Contemporary Iran and the Broader Objectives of a True Islamic State
The Asset Valuation Problem: A Dampier to Bunbury Natural Gas Pipeline Case Study
The Economics of Gene Patenting
The Role of Women in the Economic Development of Singapore, 1970-2000
Horizontal Fiscal Equalisation: An Efficiency Bonus
Exchange Rate Pass-Through of Australia's Wool
The Economic Impact of Post 11 September 2001 Legislation on the Value of Expatriated US Companies
From Camels to Cadillacs: The Economics of Resource Booms
Siddique, A.
J
Siddique, A.
F
Miller, P & Tcha, M.
J
Groenewold, N.
E
McAleer, M.
E
McLeod, P.
G
Clements, K.
M
Wu, Y.
O
Weber, J.
K
Kam, T & Weber, J.
E
Gabbay, R.
Z
Clements, K.
Q
McLeod, P.
K
Siddique, A.
D
McLure, M.
E
Tcha, M & Wu, Y.
F
Johnson, J & Holub, M.
Z
Clements, K.
Q
(Continued on next page)
19
H
H
G
H
D
R
D
M
E
M
M
F
O
J
TABLE A1.1 (continued)
HONOURS DISSERTATIONS, 1980-2010
Year/Student Name
Dissertation Title
Supervisor
JEL
Code
290.
289.
288.
287.
286.
2003
Veiga, B.
Vergis, P.
Voon, D.
Win, R.
Yoon, G.
Multivariate Volatility and Spillover Effects in Non-Synchronous Financial Markets
Tax Assignment and State Tax Reform
Overeducation of Immigrants
Economics of Education: Effects of Individual and School Factors on University Students' Performance
The Malaysian Capital Controls: the Output-Inflation Trade-Off and Effectiveness of Policy
McAleer, M.
McLure, M.
Miller, P.
Miller, P.
Groenewold, N.
G
H
I
I
E
285.
284.
283.
282.
281.
280.
279.
278.
277.
276.
275.
274.
273.
272.
271.
270.
269.
268.
267.
266.
265.
264.
2002
Au, W.H.
Chan, T.Y.
Chua, G.
Chua, Y.M.
Chung, V.
Donovan, B.
Edwards, C.
Eterovich, L.
Lio, F.S.
Maguire, G.
McCormick, S.
Nagy, P.
Nam, C.W.
Oh Shaowei, A.
O'Keeffe, C.
Ossolinski, C.
Owyong, Y.C.
Smith, S.
Varley, K.
Vo, N.H.T.
Wee, P.S.
Wong, M.Y.
The Economics of Central Banking
Clements, K.
The Euro as an International Currency
Groenewold, N.
The Wealth of Nations: Theory and Measurement
Clements, K.
Wages and Performance in Sports: the Australian Basketball Case
Tcha, M.
The Marshall-Lerner Condition for the Economy of Hong Kong
Groenewold, N.
Corruption: Economic Growth, Human Capital and Multiple Equilibria
Tcha, M.
Localised Price Manipulation Policies: Economic Tool or Political Instrument?
Butler, D.
An Analysis of the Australian Competition and Consumer Commission's Enforcement of Merger Law
McLeod, P.
The Theory of Altruism and the Analysis of Global Food Aid Programs
Tcha, M.
The Economics of Daylight Saving
Clements, K.
A Post World War Two Economic and Trade Related Comparison of Western Australia and New South Wales Davies, M.
The Economic Effects of Transnational Money Laundering
Clements, K.
Contagion, and Economic and Monetary Integration of ASEAN-5
McAleer, M.
Administration of Hedonic Pricing in the Mobile Phone Industry
McLeod, P.
The Growth and Development of British American Tobacco in Cambodia and its Resultant Effects upon the EconSiddique, A.
Private Saving and the Effect of Compulsory Superannuation
Groenewold, N.
Does Earned Income Tax Credit Benefit Australia?
Miller, P.
The Determination of Specific Purpose Payments in Australia: Empirical Evidence
McLeod, P.
Australian Native Title Law And the Mining Industry: An Economic Perspective
McLeod, P.
The State and Big Business in Korea: Evidence of Exclusive Economic Partnership (1961-1973)
Siddique, A.
Patent Activity and Technical Change in US
McAleer, M.
Comparative Advantage in Manufacturing: A Comparison of China and ASEAN-5
Wu, Y.
E
F
E
J
F
O
M
K
I
E
E
F
E
D
L
D
H
H
K
M
K
O
263.
262.
261.
2001
Ainsworth, A.
Bauer, M.
Bothe, R.
Monetary Policy Rules in an Open Economy: An Application to Australia in the 1990's
Price Discrimination and Equal Opportunity Law
The Depreciation of the Australian Dollar in the Year 2000
20
Weber, J.
E
McLeod, P.
K
Clements, K.
F
(Continued on next page)
TABLE A1.1 (continued)
HONOURS DISSERTATIONS, 1980-2010
Year/Student Name
Dissertation Title
Supervisor
JEL
Code
260.
259.
258.
257.
256.
255.
254.
253.
2001
Branston, C.
Guok, N.
Kampf, J.
Kuriyama, T.
M arek, J.
M cCarthy, L.
Radalj, K. F.
Sharpe, A.
The Share Market, Speculative Bubbles and Investment
Rates of Return and Government Policy on Higher Education in Singapore
Predictability and Profitability of Technical Trading Rules on the Australian Stock Market
Protection Practice of Australian Automotive Industry
Economic Viability of an Independent Palestinian State
Option Pricing Under Different Stochastic Assumptions
Systematic Risk and Speculative Returns within Australian Dollar Forward Contracts
Third Generation Mobile Phone Spectrum Auctions
Groenewold, N.
M iller, P.
Groenewold, N.
Tcha, M .
Gabbay, R.
Weber, J.
Groenewold, N.
M cLeod, P.
G
I
G
H
P
G
G
D
252.
251.
250.
249.
248.
247.
246.
245.
244.
243.
242.
241.
2000
Abbotsford, M .
Chan, F.
Church, L.
Cook, J.
Eastough, K.
Fogarty, J.
Gilders, K.
Lim, A.S.Y.
Ng, F.
Nicholls, T.
Senior, P.
Zani, C.
Deregulation, Contestability and Airline Economics: An Australian Perspective
Robust Modelling of Volatility in the Presence of Aymmetries, Extreme Observations, Outliers and Thresholds
Has Low Inflation Caused Australia's Equity Premium to Fall?
An Investigation into Economic Welfare Indicators
The Gender Wage Gap in Australia: Current and Future Directions
Great Vintages in the South West of Western Australia: Winemakers or Weather?
An Analysis of the Compensation for the Compulsory Acquisition of Land in Western Australia
Foreign Direct Investment, Human Capital and Industrial Growth of the Malaysian Economy
Demographic Transition and Economic Developments in Malaysia: 1957 - 1999
Self Regulation, Market Failure and the Fisheries Industry
The Implications for Monetary Policy of Movements in the Share Market
Derivatives, Systemic Risk and Monetary Policy
M cLeod, P.
M cAleer, M .
Clements, K.
Clements, K.
M cLeod, P.
M adsen, J & Tcha, M .
Siddique, A.
M cLeod, P.
M adsen, J.
Weber, J.
M
C
E
I
J
R
H
O
O
P
E
E
240.
239.
238.
237.
236.
235.
234.
233.
232.
231.
1999
Adamson, J.E.
Bird, W.
Branston, P.
Bronswasser, P.
Daryal, M .
Day, T.
Dorazio, D.
Egerton-Warburton, D.
Hia, C.P.A.
Hockey, K.T.
Commodities and Currency Blocs: The Australian Dollar in the 1990's
The Optimal Organisation of Gas Markets in Western Australia
The Credit Channel of Monetary Transmission
The Political and Socio-Economic Conditions in the Islamic Republic of Iran Since the 1979 Revolution
The Economics of Marijuana
The Real Activity/Stock Return Nexus: A Neoclassical Investigation Within a Dynamic Log-Linear Model
The Implications of Inflation Targeting for Australia
Mining Royalties and Sovereign Risk in Argentina
Economic Integration in East Asia: Theoretical Issues and a Preliminary Analysis of Regional Trade
An Investigation into the World Bank's Lending Practices Through the Use of Public Choice Analysis
Clements, K.
M cLeod, P.
M adsen, J.
Gabbay, R.
Clements, K.
M adsen, J.
Leong, K.
M cLeod, P.
Ahammad, H & Tcha, M .
Weber, J.
(Continued on next
F
L
E
Z
E
E
E
H
F
E
page)
21
TABLE A1.1 (continued)
HONOURS DISSERTATIONS, 1980-2010
Year/Student Name
Dissertation Title
Supervisor
JEL
Code
230.
229.
228.
227.
226.
225.
224.
223.
222.
221.
220.
219.
1999
Hoong, X.Y.C.
Hoy, F.T.
Lowe, E.
Murphy, B.
Pauwels, L.
Rossi, G.
Scanlan, B.
Tan, A.S.L.
Yeo, C.
Yeo, J.
Yi, J.S.
Yuen, A.T.K.
Robust Estimation, Testing and Forecasting of Volatiliy Models in the Presence of Extreme Observations
Real Share Returns and Changes in Inflation
The Choice of Private Health Insurance and Competition in the Australian Health Insurance Market
Monetary Policy and Aggregate Stock Returns
The Economics of Pricing Digital Information
Forecasting Beta with Macroeconomic Variables: An Examination of Two Approaches
Australian Monetary Policy and the Taylor Rule
Stock Market Development and Economic Growth in Asia
Measuring Intra-Industry Trade in ASEAN: Methodology and Empirical Analysis
Causes of the East Asian Crisis - A Business Cycle Perspective
The Fall and Rise of a Tiger: An Analysis of the Korean Economic Crisis
Private House Prices in Singapore: Modelling and Forecasting
McAleer, M.
Madsen, J.
McLeod, P.
Groenewold, N.
McLeod, P.
Groenewold, N.
Weber, J.
Wu, Y.
Wu, Y.
Weber, J.
Wu, Y.
Groenewold, N.
E
E
I
E
D
C
E
O
C
E
E
C
218.
217.
216.
215.
214.
213.
212.
211.
210.
209.
208.
207.
206.
1998
Boo, J.
Fabo, J.
Gill, T.
Goh, D.
Koh, E.W.S.
Leighton, P.
Murphy, J.
Scholte, J.
Seng, W.F.
Smith, P.
Veselinovich, B.
Wong, R.
Yuen, T.L.
The Asian Financial Crisis: Causes and Consequences
Convergence of Labour Productivity: Theory and Evidence
The Impact of Immigration on Unemployment in Australia, 1946-1997
An Examination of the Role of Fundamentals and Self-Fulfilling Speculation in the 1997 Baht Crises
The Effects of Research and Development on Economic Growth in the World
Assistance to the Automotive Industry in Australia
Sectoral Responses to Macroeconomic Announcements
Secession of Western Australia: Is it Economically Viable
The Change in Gold's Monetary Role and the Subsequent Effects
Dynamic Characteristics of Australia's NAIRU 1967-1997
The Share Market and Investment
The Role of Total Factor Productivity in East Asian Economic Growth: A Case Study of Taiwan
An Economic Evaluation of Competitive Neutrality Policy
Wu, Y.
Madsen, J.
Miller, P.
Groenewold, N.
Madsen, J.
McLeod, P & Statham, P.
Groenewold, N.
Statham, P.
Weber, J.
Groenewold, N.
Groenewold, N.
Wu, Y.
McLeod, P.
E
J
J
F
O
P
E
H
Q
J
G
O
H
205.
204.
203.
202.
201.
1997
Chia, A.
Plummer, J.D.
Seow, S.H.K.
Suan, S.
Tan, A.W.
Macroeconomic Policies and Economic Development in the Republic of Korea
Export Instability in China and its Effect on Economic Growth
The Role of Agriculture in Economic Development - Study of Egypt
Does the Superannuation Guarantee Charge Achieve Intergenerational Equity?
Competing Views on the Mechanics of Growth: The Singapore Experience
Siddique, A.
Wu, Y.
Gabbay, R.
McLeod, P.
22
O
O
O
H
O
(Continued on next page)
TABLE A1.1 (continued)
HONOURS DISSERTATIONS, 1980-2010
Year/Student Name
Dissertation Title
Supervisor
JEL
Code
200.
199.
198.
197.
196.
195.
194.
193.
192.
191.
190.
189.
188.
187.
1996
Berinson, N.
Brook, P.J.
Catena, R.G.
Chen, J.K.
Chua, A.
Galvin, A.
Hollingworth, J.D.
Hutchison, D.
King, D.
Matthewson, M.
Nicolaou, J.
Paine, N.
Thompson, C.
Williams, A.
Explaining 'Problem Unemployment' in Australia by Job Search Factors
The Excess Burden and Marginal Excess Burden of Distorting Taxes on Labour Income
Islam and the Material World
A Re-Examination of the State of the EMH and the Role of International Equity Market Integration
Road Congestion Pricing: From Theory to Practice
An Empirical Examination of Three Alternative Models of Exchange Rate Determination
Leading Indicators of Australian Recessions
The Superannuation Guarantee Charge - Is It Really what Australia Needs?
Short-Run Portfolio Balance Models: An Analysis
The Implications of the Uruguay Round for the Trade in Grains between Australia and Japan
Australia's National Saving Problem
The Demand Effects of Population Ageing: Can Australia Support the Baby Boom Generation?
An Examination of the Export-Led Growth Hypothesis
Rural-Urban Migration in Western Australia, 1971-1991: A Todaro Analysis
J
J
Z
McAleer, M & Weber, J.
G
McLeod, P.
D
Madsen, J.
F
Clements, K & Turkington, D.E
McLeod, P.
H
Murray, G.
G
Tcha, M.
F
Murray, G.
E
Murray, G & Appleyard, R. J
Tcha, M.
O
Ghosh, R, N.
O
186.
185.
184.
183.
182.
181.
180.
179.
178.
177.
176.
175.
174.
173.
172.
171.
170.
1995
Brearley, T.
Chaves, F.
Cranswick, M.
Harman, J.
Kemp, A.
Koh, K.T.
Koo, A.
Lai, J.H.
Lee, I.S.
Lewis, E.
McIntyre, P.J.
Neo, M.L.
San, L.I.
Seow, S.I.
Somasundaram, J.
Vart, A.
Wright, D.K.
Nutrient Pollution in the Peel-Harvey Estuary and Economic Efficiency
Determinants of Cost in Western Australian Public Acute Hospitals
Britain's Experience of the 1930s Depression, Structural Change and The Government's Reaction
An Empirical Analysis of Seasonality in Agricultural Commodity Series
The Economic Impact of a Movement Towards Tied Australian Aid to Papua New Guinea
Should APEC Form a Monetary Union?
Gender Wage Difference in the Labour Force of Singapore: A Case Study
Theoretical and Empirical Perspectives on the Behaviour of Stock Market Prices in Australia
The Costs and Benefits of Foreign Labour in Singapore
Australia's Comparative Advantage in the Manufacturing Industry
An Empirical Analysis of Australian Strike Activity
The Determinants of Employment Success: Immigrants and the Australian Born Compared
The Costs and Benefits of Foreign Labour in Singapore
The Role of Direct Foreign Investment in the Structural Change of Australia's Manufacturing Industry
An Analysis of Factors Determining the Aid Policy of Australia's Development Assistance 1972 Onwards
An Analysis of the Role of Psychology in Economics
The Economics of Australia's Iron Ore Trade with China
McLeod, P.
McLeod, P.
Davies, M.
Weber, J.
Greig, B.
Statham, P & Siddique, A.
Weber, J.
Miller, P.
Weber, J.
Appleyard, R.
Tcha, M.
Hemmings, P.
Miller, P.
Appleyard, R.
Robertson, K.
Butler, D.
Q
I
N
Q
E
E
J
G
J
L
J
J
F
F
H
D
F
(Continued on next page)
23
TABLE A1.1 (continued)
HONOURS DISSERTATIONS, 1980-2010
Year/Student Name
Dissertation Title
169.
168.
167.
166.
165.
164.
163.
162.
161.
160.
1994
Chow, W.
Gan, K.C.B.
Hoe, I.
Lam, S.W.
Leong, W.C.
Liang, L.Y.
Nesdale, G.
Saulsman, J.
Wills-Johnson, N.
Yong, B.S.S.
A Review of World Energy Modelling Methodology
The Determinants of Direct Foreign Investment in Singapore's Manufacturing Sector
Empirical Analysis of Models of Exchange Rate Determination
The Operations of the Multinational Corporation in Singapore's Electronics Industry
A Theoretical and Empirical Perspective on the Behaviour of Stock Market Prices in Australia
The Theory Of Games: An Application to the Telecommunications Industry In Australia
The Effect of Protection on Australia's Intra-Industry Trade
The Natural Rate of Unemployment and Hysteresis: Tests with OECD Data
Islam, Christianity and Economic Development
Exchange Rates and the Purchasing Power Parity
159.
158.
157.
156.
155.
154.
153.
1993
Hay, M .
Jonston, T.
Kicic, A.
O'Sullivan, C.
Sandhu, S.
Tan, Y.C.J.
Thomas, G.R.
152.
151.
150.
149.
148.
147.
146.
145.
144.
143.
142.
141.
140.
1992
Brindley, D.
Bryant, E.
Dennis, F-A.
Every, P.
Flint, R.
Fok, G.
Gray, A.
Hodby, A.K.
Kerr, P.
Khoo, D.
Khoo, H.H.
Knight, F.
Lim, J.
Supervisor
JEL
Code
Clements, K.
C
F
F
M
G
M
F
J
O
F
Alternative Methods of Financing Urban Public Infrastructure
Imperfect Credit Markets and Monetary Policy
The Role of Industrialization in the Socio-Economic Development of Jordan
Empirical Regularities of the Australian Business Cycle
The Industrial Development of the Saudi Arabian Economy
The Covered Interest Parity: A New Perspective
Demand for Real Balances and Monetary Policy in Australia
M cLeod, P.
Weber, J.
Robertson, K.
Clements, K.
Robertson, K.
Harrigan, F.
M cAleer, M .
H
E
O
E
L
F
E
The Long-Term Unemployment and Persistence in the Rate of Unemployment: Tests with Australian Data
The Economics of Fertility: Implications for a Rapidly Developing Economy
Issues Affecting Western Australian Export in Industries
The Effect of English Language Skills on Immigrants' Earnings
Monetary Policy and the Current Account Deficit
Financial Liberalisation in Thailand
Monetary Exchange Rate Models: New Evidence for the Australian - U.S. Exchange Rate
Immigration and Unemployment in Australia: 1980-1991
Sensitivity of Effective Rate of Protection Measures in a General Equilibrium Framework
An Innovative Approach to the Dutch Disease: A Consideration of Deployment
The S$/US$ Foreign Exchange Market: Is it Efficient?
A Market of Individuals, and The Bandwagon Effect in Australia
A Comparative Analysis of the Industrialisation of Hong Kong and Singapore
J
O
Statham, P.
F
M iller, P.
J
E
M urray, G.
F
M cAleer, M .
E
Hemmings, P.
J
Harrigan, F.
C
F
F
Hemmings, P.
D
L
(Continued on next page)
24
Tcha, M .
M cAleer, M .
Robertson, K.
M cAleer, M & Weber, J.
M iller, P & M cLeod, P.
Clements, K.
Hemmings, P.
TABLE A1.1 (continued)
HONOURS DISSERTATIONS, 1980-2010
Year/Student Name
Dissertation Title
Supervisor
JEL
Code
139.
138.
137.
136.
135.
134.
133.
132.
1992
Lynly, W.Y.F.
M illsteed, C.
Rodrigues, S.
Scott-M urphy, A.
Tan, F.A.L.
Tan, K.
Wong Geok M oey.
Yelverton, D.
An Assessment of the Unit Root Hypothesis and Some Evidence with Australian Real GDP
Decomposition of Energy Intensity in Australian Manufacturing: A Test of the Sectoral Shift Hypothesis
Analysing the Impact of the CER Agreement on Trans-Tasman Trade Flows: An Australian Perspective
Cyclical Unemployment in Australia
Rural-Urban Migration: The Todaro Model and the Egyptian Experience
Economic Development and Migration Policies in Singapore
Labour Contribution to Economic Growth in Australia
European Monetary Union: An Examination of the Creation of a Common Currency in Europe
131.
130.
129.
128.
127.
126.
125.
124.
123.
122.
121.
120.
119.
118.
117.
116.
115.
1991
Adamson, C.
Buehrig, K.
Dharmapala, D.
Divkovic, S.
Dunn, D.
Gracey, M .
Hartley, A.
Hester, S.
Johnson, P.
Layman, B.
Peetoom, L.
Press, D.
Quinn, M .
Reynolds, P.
Shim, L.S.
Teo, K.C.
Wicks, K.
The Australian Domestic Airline System: The Post Deregulatory Experience
Is the Australian Dollar Overvalued?
Ricardo on the Relationship between Pricing and Distribution: A Survey of the Secondary Literature
Transferable Water Entitlements as a Means of Allocating Irrigation Water Services
Exchange Rate Determination and Overshooting: Recent Problems for Australia
The Correlation of Savings and Investment: A Flaw in our Understanding of World Capital Mobility?
The Future of Australian Retirement Incomes
The Economics of Australian Wool
Real Business Cycle Theory - Australian Evidence, 1991
The Economic Impact of the Australian Minimum Reserve Price for Wool on Wool Growers
The Threat of Japanese Domination of Australia via Investment, Fact or Fiction?
Price Rigidity, Hysteresis and the Medium Term Dynamics of New-Keynesian Economics
Foreign Debt and Domestic Investment: The Australian Experience in the 1980's
The Relevance of the Dual Economy Models: A Case Study of the Phillipines
Government Policies and Economic Growth in Singapore (1960-1986)
Alternative Foreign Debt Management: Evidence from the Murphy Model
Privatisation and Telecommunications Policies for Australia in Light of British Experience
M cLeod, P.
Clements, K.
Ghosh, R, N.
M cLeod, P.
M urray, G.
M cAleer, M .
Grieg, R.
Clements, K.
Weber, J.W.
114.
113.
112.
111.
110.
1990
Archer, B.J.H.
Feakes, J.
Flak, H.
Ganeson, D.P.
Tan, G.V.
The Role of Private Saving in the Australian Economy: Are We Saving too Little?
Foreign Bank Entry into the Australian Financial System: A Review
The Interest Rate Parity Condition and Exchange Control: The European Experience
Privatisation as a Micro Economic Reform in Australia
The Role of Tourism in the Economic Development of Singapore
Jackson, J & M urray, G.
Weber, J.
Harrigan, F.
M cLeod, P.
Gabbay, R.
(Continued on next
25
Weber, J.
M arais, T.
M cAleer, M .
Gabbay, R.
Appleyard, R.
M iller, P.
Hemmings, P.
M urray, G.
Ghosh, R, N.
Harrigan, F.
C
Q
F
J
R
O
J
E
H
F
B
Q
F
E
J
Q
E
Q
Z
E
E
O
O
E
H
E
G
F
D
O
page)
TABLE A1.1 (continued)
HONOURS DISSERTATIONS, 1980-2010
Year/Student Name
Dissertation Title
Supervisor
JEL
Code
109.
1990
Teo Sien Peng, G.
The Australian PESO Problem and the Efficient Market Hypothesis Revisited
Clements, K.
F
108.
107.
106.
105.
104.
103.
102.
101.
100.
99.
98.
97.
96.
1989
Crone, P.
Edwards, R.
Jenkin, H.
Khoo, S.
M artin, M .
Ng, I.
Poxon, J.
Reid, T.
Samwel, L.
Sivaraman, G.
Teo, G.
Trail, J.
Zheng, S.W.
The Effects of Immigration on the Australian Economy
The Regulation of Privatised Monopolies: An Examination of Objectives and Outcomes
Australia-EEC Trade Relations: Implications of the Single European Act
Fiscal Illusion and the State of Expenditure in Australia
Gold Tax in Australia
Price Elasticities and Trade: The Case for Australia
The Demographic Transition - A Restatement - The Indian Experience Over the Past 30 Years
The Contribution of Technical Education to the Labour Supply in the Manufacturing Industry in Australia
Oil Crisis Impacts on the Tanzanian Economy from 1973-1983
The Impact of Economic Development on Fertility
Human Capital Versus Screening: The Role in Education
The Effects of Protection on the Australian Economy
Is Utility Additive?
Ghosh, R, N.
M cLeod, P.
J
H
F
H
Q
F
J
J
E
O
I
P
D
95.
94.
93.
92.
91.
90.
89.
88.
87.
86.
85.
84.
83.
82.
81.
80.
1988
Allnutt, C.
Chan, T.S.
Chappell, M .
Christie, V.
Garnett, A.
Johnson, P.
Kenny, T.
M onk, R.
M unckton, P.
Pirozzi, M .
Rose, K.
Rummery, S.
Seah, H.H.
Then, C.T.
Wong, A.
Wood, A.
Five Country Spatial Equilibrium Analysis of the Beef Trade
The Effects of Exchange Rate Volatility of Trade
The Effects of Advertising, Taxation and Health Information upon Demand for Cigarettes and Tobacco
Union Wage Effects and the Probability of Union Membership
The Economics of the Green Paper on Higher Education
An Analysis of Female Labour Supply in Australia
Demand for Beverages and Tobacco in Australia
David Ricardo on Technological Unemployment
International Debt in Developing Countries
An Empirical Study of Free-Rider Behaviour within Water Consumption in the State of Western Australia
The Role of Exports in the Growth and Development of the Economy of Jordan
The Contribution of Intermittent Labour Force Participation to the Gender Wage Differential
The Term Structure of Interest Rates: Theory and Measurement for Australia
The Fisher Effect in Australia: A Review of Literature and an Empirical Study
The Demand for Alcohol in The U.K., 1920-1938: An Econometric Study
An Analysis of Crowding Out Theory
26
Grossman, P.
M cLeod, P.
M urray, G.
Clements, K.
Takayama, T.
M urray, G.
M cLeod, P.
M iller, P.
M iller, P.
Ghosh, R, N.
M urray, G.
Grossman, P.
Gabbay, R.
M iller, P.
Reynolds, C.
Reynolds, C.
Clements, K.
M urray, G.
F
F
D
J
I
J
D
J
F
Q
F
J
E
E
D
H
(Continued on next page)
TABLE A1.1 (continued)
HONOURS DISSERTATIONS, 1980-2010
Year/Student Name
Dissertation Title
Supervisor
JEL
Code
79.
1988
Yong, W.
Economics of Speculative Bubbles
Bowden, R, J.
E
78.
77.
76.
75.
74.
73.
72.
71.
70.
69.
68.
1987
Borozdin, R.
Chen, F.J.
Gorey, T.
O'Neill, J.
Quek, K.
Scott, M.
Scully, B.
Sedgley, P.
Swindells, M.
Tilley, E.
Wong, J.
Australian Immigration 1947-1953: The Fulfilment of Demographic Growth and Labour Supply Requirements
The Fisher Effect for Common Stocks: An Empirical Investigation
Competition and Structure in the Theory of Industrial Organisation: An Austrian Perspective
Conceptual and Statistical Difficulties in Measuring the Household Saving Ratio
The Demand for Alcohol in Canada: An Econometric Study
Models of Labour and Demand and their Application to Analysis of the Growth of Part-Time Employment
An Analysis of the Choice of an Exchange Rate Regime
Labour Market Adjustment - The Case of School Teachers
Migrant Skills and the Workforce
The Economic Effects of a Rural Hospital on its Local Economy
The Role of "News" in the Australian Foreign Exchange Market
Appleyard, R.
Clements, K.
J
E
L
E
D
J
F
J
J
R
F
67.
66.
65.
64.
63.
62.
61.
60.
59.
58.
57.
56.
55.
1986
Chan, T.
Chong, P.
Falconer, D.
Lai, P.
Lawson, P.
Lazarus, S.
Liu, S.
Lucas, S.
Martindal, M.
Moore, G.
Petch, M.
Threlfall, J.
Wallwork, D.
Testing for the Efficiency of Foreign Market
An Examination of Interest Rate Parity for Australia: Pre- and Post-Float
The Natural Rate of Unemployment: Theory and Evidence for Australia
Theories of the Labour Markets and Macroeconomics
Market Solutions to Externalities
The Jewish Question in Australia (1938-1946)
The Singapore Economy: Downturn in the 1980's
Interest Rates and Economic Development
A United States Consumption Study 1961-80
The Economic Impact of the Gold Regulations on the Gold Industry between 1886-1900
Changes in the Structure of the Australian Economy and Implications for Future Housing Policy
Input-Output Multipliers and the Breakdown of Consumption Expenditure
An Input-Output Study of the Western Australian Economy
54.
53.
1985
Cumming, T.
De Souza, K.
Exchange Rate Determination - Theory Practice
Hidden Unemployment: A Study of Discouraged Jobseekers in the Australian Labour Market
27
Petridis, R.
Selvanathan, A.
Mulvey, C.
Jackson, J & Babu, S.
Clements, K.
Turkington, D.
Clements, K.
Mulvey, C.
Ghosh, R, N.
Ghosh, R, N.
Clements, K.
Statham, P.
Jackson, J.
McLeod, P.
McLeod, P.
Clements, K.
F
F
J
J
D
Z
E
O
D
Q
E
D
E
F
J
(Continued on next page)
TABLE A1.1 (continued)
HONOURS DISSERTATIONS, 1980-2010
Year/Student Name
Dissertation Title
Supervisor
52.
51.
50.
49.
48.
47.
46.
1985
Hussein, N
McLaughlin, J.
Nairn, A.
Pearce, D.
Roberts, P.
Russell, B.
Walker, S.
The Demand for Housing: Recent Theoretical and Empirical Extensions
Implicit Contract Theory as a Microeconomic Explanation for Wage Inflexibility
Government Debt Neutrality
The Demand for Alcohol in New Zealand
Youth Unemployment
The Effects of Deposit Interest Rates and Credit Rationing on Interest Rate Adjustments
Diversification and Growth with a Case Study of the W.A. Teachers' Credit Society
McLeod, P.
45.
44.
43.
42.
41.
40.
39.
38.
37.
36.
35.
34.
33.
1984
Cullen, B.
Eley, G.
Fyfe, J.
Halsted, G.
Kappelle, S.
Mason, R.
McClements, J
Mottolini, M.
Orum, M.
Sullivan, W.
Teo, G.
Williams, K.
Wong, A.
The Gregory Thesis
The Social Rate of Discount in Public Project Evaluation
The Role of Education in Development: The Case Of Israel
The Economic Basis of the Third Universal Theory
An Empirical Study of the Validity of Pigou's Law
The Role of Saudi Arabia in the OPEC Cartel
An Economic Analysis of Expansion in the Iron Ore Industry
Indirect Versus Direct Taxation: A Case for Broadening the Tax Base in Australia
The Role of Student Finance in the Demand for Education: Grants Versus Loans
The Economics of Cigarette Smoking
Growth, Inequality and Ethnic Groups in Singapore
State Taxation of the Iron Ore Industry in W.A.
The Role of Fiscal Policy in Growth Theories
Murray, G.
Jackson, J & McLeod, P
Gabbay, R.
32.
31.
30.
29.
28.
27.
26.
25.
1983
Campbell, B.
Cao, K.
Chin, F.
Choi, K.
Curtis, P.
Ladd, K.
Low, M.
Wallace, I.
A Prices and Incomes Policy for Australia
Bond-Financed Fiscal Expansion and Crowding Out
The Role of Agriculture in Economic Development: A Case Study of Syria
The Incidence of Protection: Theory and Application to the South Korean Economy
Learning and Earning: Labour Market Implications for Educational Policy
The Effect of Tariffs on Australia's Manufacturing Sector 1945-80
The Theory and Practice of Competition Policy
The Econometrics of Telephone Demand in W.A.
Clements, K.
Peter, R.
Clements, K.
Ghosh, R, N.
McLeod, P.
Fraser, R, W.
Jackson, J.
Clements, K.
Jackson, J.
Narayanan, N.
Bowden, R.
JEL
Code
E
J
H
D
J
E
Z
F
H
O
Z
H
Q
Q
H
I
D
O
H
E
D
E
Q
Q
J
H
M
D
(Continued on next page)
28
TABLE A1.1 (continued)
HONOURS DISSERTATIONS, 1980-2010
Year/Student Name
Dissertation Title
24.
23.
22.
21.
20.
19.
18.
17.
16.
1982
Bide, P.
Boulton, L.
Brosnan, C.
Brown, K.
Kyle, S.
Miller, S.
Ng, H.G.
Pegler, L.
Silvalingham, B.
Real Wages and Unemployment
Unanticipated Inflation and Relative Price Variability: Theory and Evidence for Australia and the US
An Analysis of the Mutual Interdependency between Labour Migration and Economic Development
Is OPEC a Cartel?
The Theory of Involuntary Unemployment
Purchasing Power Parity
The Phillips Curve Revisited
A Review of the Segmented Labour Market Hypothesis and its Contribution in to Labour Markets
The Role and Development of Merchant Banking in the Australian Financial System
15.
14.
13.
12.
11.
10.
9.
8.
7.
6.
5.
4.
1981
Bell, J.
Clively, S.
Depiazzi, M.
Hughes, J.
Hughes, K.
Lim, C.
Ottaway, A
Roberts, E.J.
Roderick, J.
Stewart, T.
Werner, L.
Zamin, R.
Hedonic Prices: Property Values and Environmental Amenities: A Review
The Microeconomics of Fertility
The Theories of Becker and Leibenstein Concerning the New Microeconomic Analysis of Fertility
The Role of Managerial Incentives in a Planned Economy
Search Theory and Unemployment
Rural-urban Migration in LDS's: Determinants and Consequences
A Review of the Coasian Tradition in Externality Theory and its Policy Implications
The Monetary Approach to Balance of Payments
The Household Production Model of Consumer Choice
A Partial Equilibrium Model of the Effective Rate of Protection (ERP): Implications for Resource Allocation
On and Around Post-Keynesian Economics
The Interest Rate Futures Market and the Efficiency of Futures Prices
1980
3.
Anderson, J.
A Critical Analysis of Monetarism
2.
Aveling, G.
Vertical Integration: Economic Analysis and its Implications for Vertical Merger Policy
1.
Skead, R.
Extensions to the Input-Output Model
Notes: 1. For JEL (Journal of Economic Literature Codes), see Figure 2
2. As they are approximately equivalent, in a few cases minor master's dissertations are included in this table.
29
Supervisor
JEL
Code
J
Clements, K.
Clements, K.
Sawyer, K.
Petridis, A.
Appleyard, R.
McLeod, P.
Ghosh, R.
McLeod, P.
Bishay, M.
McLeod, P.
Clements, K.
McLeod, P.
E
O
Q
J
E
E
J
G
E
D
D
M
J
R
H
E
D
Q
E
G
E
M
E
TABLE A1.2
INDEX OF STUDENT NAMES, 1980 - 2010
Name
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
Year
Abbotsford, M.
2000
Adamson, C.
1991
Adamson, J.E.
1999
Ainsworth, A.
2001
Allnutt, C.
1988
Anderson, G.
2008
Anderson, J.
1980
Ang, G.T.
2003
Archer, B.J.H.
1990
Au, W.H.
2002
Aveling, G.
1980
Axworthy, S.
2005
Barker, T.
2005
Bartels, C.
2010
Bathgate, M.
2007
Bauer, M.
2001
Beaman, S.
2005
Bell, J.
1981
Bensley, E.
2008
Berinson, N.
1996
Bide, P.
1982
bin Rahmat, M.A.H.2008
Binwani, K.
2009
Bird, W.
1999
Boo, J.
1998
Borozdin, R.
1987
Bothe, R.
2001
Boulton, L.
1982
Branston, C.
2001
Branston, P.
1999
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
Name
Year
Brearley, T.
Briggs, M.
Brindley, D.
Bronswasser, P.
Brook, P.J.
Brosnan, C.
Brown, K.
Browning, M.
Bryant, E.
Buehrig, K.
Butler, L.
Campbell, B.
Cao, K.
Carter, L.
Catena, R.G.
Ceber, A.
Chan, A.
Chan, F.
Chan, T.
Chan, T.
Chan, T.S.
Chan, T.Y.
Chan, Y.G.
Chappell, M.
Chaves, F.
Cheang, Y.
Chen, F.J.
Chen, J.K.
Chia, A.
Chia, G.E.E.
1995
2007
1992
1999
1996
1982
1982
2003
1992
1991
2005
1983
1983
2004
1996
2004
2006
2000
2009
1986
1988
2002
2003
1988
1995
2009
1987
1996
1997
2006
61.
62.
63.
64.
65.
66.
67.
68.
69.
70.
71.
72.
73.
74.
75.
76.
77.
78.
79.
80.
81.
82.
83.
84.
85.
86.
87.
88.
89.
90.
Name
Year
Chia, J.
Chin, F.
Choi, K.
Chong, P.
Chow, W.
Christie, V.
Chua, A.
Chua, B.
Chua, G.
Chua, W.H.J.
Chua, Y.M.
Chung, V.
Church, L.
Clively, S.
Coffey, J.R.
Colegrave, A.
Colgrave, A.
Connolly, L.
Cook, J.
Cranswick, M.
Crone, P.
Cruise, G.
Cullen, B.
Cumming, T.
Currell, J.A.
Curtis, P.
Daryal, M.
Davies-Slate, S.
Davis, B.
Day, T.
2003
1983
1983
1986
1994
1988
1996
2004
2002
2004
2002
2002
2000
1981
2004
2005
2003
2007
2000
1995
1989
2009
1984
1985
2005
1983
1999
2005
2008
1999
Name
91.
92.
93.
94.
95.
96.
97.
98.
99.
100.
101.
102.
103.
104.
105.
106.
107.
108.
109.
110.
111.
112.
113.
114.
115.
116.
117.
118.
119.
120.
Year
1985
De Souza, K.
1992
Dennis, F-A.
1981
Depiazzi, M.
2009
Devitt, T.
1991
Dharmapala, D.
1991
Divkovic, S.
2003
Divkovic, V.
Doger de Speville, M. 2010
2002
Donovan, B.
1999
Dorazio, D.
2010
Doucas, B.
1991
Dunn, D.
Eastough, K.
2000
Edwards, C.
2002
Edwards, R.
1989
Egerton-Warburton, D.1999
Eley, G.
1984
Eterovich, L.
2002
Every, P.
1992
Fabo, J.
1998
Falconer, D.
1986
Feakes, J.
1990
Flak, H.
1990
Flint, R.
1992
Fogarty, J.
2000
Fok, G.
1992
2007
Foo, S.P.
1984
Fyfe, J.
1996
Galvin, A.
1994
Gan, K.C.B.
121.
122.
123.
124.
125.
126.
127.
128.
129.
130.
131.
132.
133.
134.
135.
136.
137.
138.
139.
140.
141.
142.
143.
144.
145.
146.
147.
148.
149.
150.
Name
Year
Ganeson, D.P.
Garner, M.
Garnett, A.
Gaturu, S.
Gilders, K.
Gill, T.
Goh, D.
Golabek, L.
Gorey, T.
Gracey, M.
Gray, A.
Gray, C.J.
Gray, K.
Guok, N.
Hakin, A.
Hallam A.
Halperin, D.
Halsted, G.
Han, D.Y.H.
Harman, J.
Hartley, A.
Hay, M.
He, L.
Hester, S.
Hia, C.P.A.
Ho, S.Q.
Hockey, K.T.
Hodby, A.K.
Hoe, I.
Hollingworth, J.D.
1990
2008
1988
2005
2000
1998
1998
2006
1987
1991
1992
2004
2007
2001
2005
2006
2010
1984
2008
1995
1991
1993
2005
1991
1999
2006
1999
1992
1994
1996
(Continued on next page)
30
TABLE A1.2 (continued)
INDEX OF STUDENT NAMES, 1980 - 2010
151.
152.
153.
154.
155.
156.
157.
158.
159.
160.
161.
162.
163.
164.
165.
166.
167.
168.
169.
170.
171.
172.
173.
174.
175.
176.
177.
178.
179.
180.
Name
Year
Hoong, X.Y.C.
Horner, C
Hoy, F.T.
Hughes, J.
Hughes, K.
Hussein, N
Hutchison, D.
Jenkin, H.
Johnson, P.
Johnson, P.
Jones, C.
Jonston, T.
Kampf, J.
Kappelle, S.
Kaye, A.
Kemp, A.
Kenny, T.
Kerr, O.
Kerr, P.
Khoo, D.
Khoo, H.H.
Khoo, S.
Kicic, A.
King, D.
Knezevic, M .
Knight, F.
Knight, K.
Kofanova, A.
Koh, E.W.S.
Koh, K.T.
1999
2006
1999
1981
1981
1985
1996
1989
1991
1988
2008
1993
2001
1984
2007
1995
1988
2003
1992
1992
1992
1989
1993
1996
2004
1992
2008
2008
1998
1995
181.
182.
183.
184.
185.
186.
187.
188.
189.
190.
191.
192.
193.
194.
195.
196.
197.
198.
199.
200.
201.
202.
203.
204.
205.
206.
207.
208.
209.
210.
Name
Year
Kolychev, A.
Koo, A.
Kunakool, S.
Kuriyama, T.
Kyle, S.
Ladd, K.
Lai, J.H.
Lai, P.
Lai, W.G.W
Laing, E.
Lam, S.W.
Lane, K.
Lapham, K.
Lawson, P.
Layman, B.
Lazarus, S.
Lee, B.S.
Lee, I.S.
Leighton, P.
Lendry.
Leong, W.C.
Lewis, E.
Li, I.
Liang, L.Y.
Lim, A.S.Y.
Lim, C.
Lim, J.
Lio, F.S.
Liu, S.
Liu, W.
2006
1995
2007
2001
1982
1983
1995
1986
2003
2007
1994
2008
2003
1986
1991
1986
2004
1995
1998
2003
1994
1995
2007
1994
2000
1981
1992
2002
1986
2009
211.
212.
213.
214.
215.
216.
217.
218.
219.
220.
221.
222.
223.
224.
225.
226.
227.
228.
229.
230.
231.
232.
233.
234.
235.
236.
237.
238.
239.
240.
Name
Year
Low, K.C.
Low, M .
Lowe, E.
Lucas, S.
Lynly, W.Y.F.
M aesepp, M .
M aguire, G.
M ai, T.Q.
M arek, J.
M artin, M .
M artindal, M .
M ason, R.
M atthewson, M .
M cCarthy, L.
M cClements, J
M cCormick, S.
M cDonagh, C.
M cIntyre, P.J.
M cLaughlin, J.
M ehta, S.
M ero, S.
M iller, S.
M illsteed, C.
M onk, R.
M oore, G.
M ottolini, M .
M udford, K.
M unckton, P.
M urphy, B.
M urphy, J.
2010
1983
1999
1986
1992
2007
2002
2004
2001
1989
1986
1984
1996
2001
1984
2002
2005
1995
1985
2006
2009
1982
1992
1988
1986
1984
2003
1988
1999
1998
241.
242.
243.
244.
245.
246.
247.
248.
249.
250.
251.
252.
253.
254.
255.
256.
257.
258.
259.
260.
261.
262.
263.
264.
265.
266.
267.
268.
269.
270.
Name
Year
Nagy, P.
Nairn, A.
Nam, C.W.
Neo, M .L.
Nesdale, G.
Ng, F.
Ng, H.G.
Ng, I.
Ng, J.
Nicholls, T.
Nicolaou, J.
Nugraweni, N.
Oh Shaowei, A.
O'Keeffe, C.
O'Neill, J.
Ong, C.A.H.
Ong, K.L.K.
Ong, S.
Ong, Z.
Orum, M .
Ossolinski, C.
O'Sullivan, C.
Ottaway, A
Owyong, Y.C.
Pabla, A.
Paine, N.
Parameswaran, G.
Paterson, J.
Pauwels, L.
Pawley, J.
2002
1985
2002
1995
1994
2000
1982
1989
2004
2000
1996
2004
2002
2002
1987
2004
2004
2007
2003
1984
2002
1993
1981
2002
2003
1996
2006
2009
1999
2010
271.
272.
273.
274.
275.
276.
277.
278.
279.
280.
281.
282.
283.
284.
285.
286.
287.
288.
289.
290.
291.
292.
293.
294.
295.
296.
297.
298.
299.
300.
Name
Year
Pearce, D.
Peetoom, L.
Pegler, L.
Peiris, D.
Pen, S.
Petch, M .
Petchey, R.
Phua, K.S.J.
Phua, Y.F.
Pirozzi, M .
Plummer, J.D.
Pong, J.
Poole, E.
Poon, A.
Poxon, J.
Press, D.
Priyati, R.Y.
Quek, K.
Quinn, M .
Radalj, K. F.
Reid, T.
Reynolds, P.
Roberts, E.J.
Roberts, P.
Roderick, J.
Rodrigues, S.
Rose, K.
Rossi, G.
Rowe, C.
Rummery, S.
1985
1991
1982
2007
2010
1986
2008
2003
2004
1988
1997
2009
2005
2010
1989
1991
2008
1987
1991
2001
1989
1991
1981
1985
1981
1992
1988
1999
2009
1988
(Continued on next page)
31
TABLE A1.2 (continued)
INDEX OF STUDENT NAMES, 1980 - 2010
301.
302.
303.
304.
305.
306.
307.
308.
309.
310.
311.
312.
313.
314.
315.
316.
317.
318.
319.
320.
321.
322.
323.
324.
325.
326.
327.
328.
329.
330.
Name
Year
Russell, B.
Salley, N.
Samwel, L.
San, L.I.
Sandhu, S.
Sargeant, M .
Saulsman, J.
Scanlan, B.
Scholte, J.
Scott, M .
Scott-M urphy, A.
Scully, B.
Seah, H.H.
Sedgley, P.
Seng, W.F.
Senior, P.
Seow, S.H.K.
Seow, S.I.
Shackles, D.
Shackles, E.
Sharpe, A.
Shim, L.S.
Silvalingham, B.
Simmonds, D.
Sin, Y.
Sivaraman, G.
Skead, R.
Smith, P.
Smith, S.
Somasundaram, J.
1985
2003
1989
1995
1993
2004
1994
1999
1998
1987
1992
1987
1988
1987
1998
2000
1997
1995
2006
2004
2001
1991
1982
2005
2007
1989
1980
1998
2002
1995
331.
332.
333.
334.
335.
336.
337.
338.
339.
340.
341.
342.
343.
344.
345.
346.
347.
348.
349.
350.
351.
352.
353.
354.
355.
356.
357.
358.
359.
360.
Name
Year
Stefansson, E.
Stephens, B.J.
Stewart, T.
Su, C.
Suan, S.
Sullivan, W.
Sum, K.J.W.
Suttie, F.
Swindells, M .
Tan, A.S.L.
Tan, A.W.
Tan, F.A.L.
Tan, G.V.
Tan, J.W.
Tan, K.
Tan, T.H.
Tan, T.J.
Tan, Y.C.J.
Telling, A.
Teo Sien Peng, G.
Teo, G.
Teo, G.
Teo, K.C.
Then, C.T.
Thomas, G.R.
Thompson, C.
Threlfall, J.
Tilley, E.
Trail, J.
Varley, K.
2009
2009
1981
2005
1997
1984
2004
2005
1987
1999
1997
1992
1990
2006
1992
2003
2006
1993
2003
1990
1989
1984
1991
1988
1993
1996
1986
1987
1989
2002
361.
362.
363.
364.
365.
366.
367.
368.
369.
370.
371.
372.
373.
374.
375.
376.
377.
378.
379.
380.
381.
382.
383.
384.
385.
386.
387.
388.
389.
390.
32
Name
Year
Vart, A.
Vavakis, L.
Veiga, B.
Verani, S.
Vergis, P.
Veselinovich, B.
Vivatsurakit, T.
Vo, N.H.T.
Voon, D.
Wah, W.L.
Walker, S.
Wallace, I.
Wallwork, D.
Wang, S.
Warren, M .
Wee, P.S.
Werner, L.
Wicks, K.
Williams, A.
Williams, K.
Wills-Johnson, N.
Win, R.
Winzar, C.
Wong Geok M oey.
Wong, A.
Wong, A.
Wong, A.
Wong, J.
Wong, M .Y.
Wong, R.
1995
2003
2003
2004
2003
1998
2004
2002
2003
2004
1985
1983
1986
2009
2007
2002
1981
1991
1996
1984
1994
2003
2008
1992
2010
1988
1984
1987
2002
1998
391.
392.
393.
394.
395.
396.
397.
398.
399.
400.
401.
402.
403.
404.
405.
406.
407.
408.
409.
410.
411.
412.
Name
Year
Wood, A.
Wright, D.K.
Wu, C.
Wyroll, P.
Yao, R.Y.A.
Yelverton, D.
Yeo, C.
Yeo, J.
Yi, J.S.
Yiannopoulos, N.
Yong, B.K.
Yong, B.S.S.
Yong, K.
Yong, W.
Yoon, G.
Yuen, A.T.K.
Yuen, T.L.
Zaiyuan, S.P.
Zamin, R.
Zani, C.
Zhang, L.
Zheng, S.W.
1988
1995
2010
2006
2004
1992
1999
1999
1999
2007
2010
1994
2006
1988
2003
1999
1998
2005
1981
2000
2009
1989
TABLE A1.3
HONOURS STUDENTS, 1980-2010, DISSERTATION DETAILS UNKNOWN
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
Student Name
Barratt, T.
Bitmead, A.
Brown, C.
Bunney, A.
Calkin, G.
Carvell, S.
Chan, S.
Chapman, A.
Dawson, B.
Harrison, P.
Hoar, K.
Jones, M.
Kai, L.
Keillor, D.
Lau, Y.
Little, J.
Year
2007
2001
1980
1988
2002
1995
1996
1983
1980
1984
1998
1992
1996
1987
2002
1997
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
33
Student Name
Maskell, B.
Morris, A.
O'Farrell, L.
Pope, D.
Quinlivan, R.
Sassine, S.
Satzke, P.
Saw, K.
Sedgley, P.
Stevenson, V.
Symons, B.
Teale, K.
Varley, K.
Vo, N.
Walker, P.
Year
2006
2009
1992
1992
1999
1985
2006
2000
1981
2004
2005
1992
2004
2003
2003
TABLE A1.4
HONOURS STUDENTS, 1925-1979
149.
148.
147.
146.
145.
144.
143.
142.
141.
140.
139.
138.
137.
136.
135.
134.
133.
132.
131.
130.
129.
128.
127.
126.
125.
124.
123.
122.
121.
120.
Student Name
Year
Adam, C.
Ainsworth, I.
Allan, D.
Anderson, P.
Anderson, E.
Appleyard, R.
Bacon, N.J.
Barnett, C.
Beck, C.
Berrell, G.
Bevan, R.
Bholanivas, P.
Blain, N.
Blundell-Wignall, A
Boddy, H.
Broome, M.
Brown, C.
Brown, N.
Bubnich, S.
Byron, R.P.
Cann, G.
Chan, K.
Chin, F.
Clayton, M.
Collett, S.
Comben, G.
Conroy, J.
Cook, A.
Cramer, G.
Crouch, T.
1973
1972
1950
1973
1954
1955
1972
1979
1967
1970
1972
1952
1958
1977
1974
1976
1971
1958
1967
1976
1949
1947
1948
1978
119.
118.
117.
116.
115.
114.
113.
112.
111.
110.
109.
108.
107.
106.
105.
104.
103.
102.
101.
100.
99.
98.
97.
96.
95.
94.
93.
92.
91.
90.
Student Name
Year
Curtin, P.
de Blank, R.
de Boer A.
De Jasay, A.
Dharmasena, K.
Dowsett, W.
Egerton, R.
Evans, H.D.
Ewing, M.
Feldman, D.
Fishwick, S.
Foster, M.
Frearson, K.
Frearson, L.
Gaffney, D.
Gallagher, C.
George, G.
Gibbon, R.D.
Gibbs, B.
Giles, D.
Gluck, S.
Goerke, H.
Goh, N.
Goodes, H.
Gray, R.
Green, J.
Greig, R.
Griffiths, D.
Grocott, S.
Gunning, R.
1939
1977
1973
1954
1967
1947
1949
1972
1974
1976
1974
1949
1948
1957
1974
1973
1979
1948
1970
1941
1972
1939
1946
1948
1970
1972
1973
1974
1974
Student Name
89.
88.
87.
86.
85.
84.
83.
82.
81.
80.
79.
78.
77.
76.
75.
74.
73.
72.
71.
70.
69.
68.
67.
66.
65.
64.
63.
62.
61.
60.
Herbert, E.
Ho Koon, N.
Holmes, A.
Hubbard, A.
Jenkins, P.
Johnston, R.
Jones, G.A.
Karas, J.
Keillor, D.
Kemp, J.
Kerr, I.
Kirkwood, M.
Koomsup, P.
Kunnen, J.
Laffer, K.
Lange, G.
Langoulant, J.
Lendich, Z.
Lim, S.
Lindsay, B.
Lloyd, A.
MacDonald-Taylor, W.
Mannion, G.
Marsh, R.
Marsh, S.
McCarrey, S.
McKenna, M.
McKenna, R.
McLean, M.
McLean, R.
34
Year
1954
1969
1949
1974
1972
1974
1979
1979
1979
1949
1970
1955
1970
1976
1939
1977
1976
1978
1979
1939
1968
1959
1978
1973
1973
1975
1976
1977
1967
Student Name Year
59.
58.
57.
56.
55.
54.
53.
52.
51.
50.
49.
48.
47.
46.
45.
44.
43.
42.
41.
40.
39.
38.
37.
36.
35.
34.
33.
32.
31.
30.
Mersh, P.
Metaxas, J.
Middleton, J.
Moses, E.
Mugliston, M.
Murphy, J.
Nadarajah, B.
Neville, J.
Newland, H.
Newton, M.
Nguyen, T.
Nicholas, K.
Nicholas, M.
Ninkov, N.
Nolan, A.
Norbu, W.
Oloughlin, E.
Paganoni, A.
Pazolli, A.
Petchey, J.
Peters, M.
Peters, R.
Petridis, R.
Prentis, L.
Preshaw, A.
Raeburn, V.
Rappolt, P.
Reid, D.
Roberts, R.
Robertson, J.
1953
1974
1979
1976
1977
1972
1966
1954
1973
1950
1969
1971
1949
1979
1979
1976
1964
1974
1973
1979
1977
1953
1949
1925
1978
1959
1949
1931
1974
Student Name Year
29.
28.
27.
26.
25.
24.
23.
22.
21.
20.
19.
18.
17.
16.
15.
14.
13.
12.
11.
10.
9.
8.
7.
6.
5.
4.
3.
2.
1.
Roger, N.
Rogers, P.
Roughead, A.
Russell, G.
Salerian, S.
Salter, W.
Senfelds, R.
Smith, P.
Sturkey, R.
Tange, A.
Taylor, G.
Taylor, S.
Thieberg, E.
Tonks, A.
Vanzetti, C.
Vanzetti, D.
Vargovic, C.
Vellnagel, B.
Venn, F.
Watson, P.
Wilsmore, T.
Witternoom, J.
Wood, J.
Wood, M.
Wright, G.
Xavier, P.
Yap, W.
Yusoff Bin, M.
Zain, M.
1972
1973
1979
1950
1979
1953
1954
1972
1957
1937
1975
1956
1958
1975
1948
1975
1955
1977
1974
1959
1939
1948
1973
1966
1950
1965
1970
1973
1964
TABLE A1.5
VARGOVIC MEMORIAL BURSARIES
73.
72.
71.
70.
69.
Year/Student Name
Year/Student Name
2010
Colleen Bartels
John Pawley
Aubrey Poon
Emma Stefansson
Soo Ling Teo
49.
48.
47.
46.
45.
44.
43.
2006
Anton Hallan
Owen Ho
Caley Horner
Giridhar Parameswaran
David Shackles
Chee Kong Wong
Paul Wyroll
42.
41.
40.
39.
38.
37
2005
Simon Axworthy
Owen Ho
Emily Poole
Stephane Verani
Lukas Weber
Chee Kong Wong
36.
35.
34.
33.
32.
31.
30.
29.
28.
2004
Chelsea Gray
Owen Chih-Hung Ho
Mark Knezevic
Ghim Way Wilson Lai
Ellen Shackles
Riaz Shareef
Peter Chan Chai Su
Kelvin Jia Wei Sum
Chee Kong Wong
27.
26.
25.
24.
2003
Vanessa Divkovic
Suhejla Hoti
Katrina Lapham
Nicola Salley
68.
67.
66.
65.
64.
2009
Gavin Cruise
Dahai Fu
James Paterson
Emma Stefansson
Liming Zhang
63.
62.
61.
60.
59.
58.
57.
56.
2008
Benjamin Davis
Megan Garner
Callum Jones
Alexandra Kofanova
Kevin Lane
Maxwell Maesepp
Stefan Mero
Cassandra Winzar
55.
54.
53.
52.
51.
2007
Michael Bathgate
Sarun Kunakool
Emily Laing
Ian Li
Nina Yiannopolous
2006
50. Grace Chia
35
Year/Student Name
23.
22.
21.
20.
2003
Riaz Shareef
Bernado Veiga
Derby Voon
Gina Yoon
19.
18.
17.
16.
15.
14.
13.
12.
11.
2002
Peter Nagy
Crystal Ossolinski
Vitaly Pershin
Kim Radalj
Riaz Shareef
Adam Sharpe
Sharon Smith
Clinton Watkins
Jasslyn Yeo
10.
9.
8.
7.
6.
5.
4.
3.
2.
1.
2001
Andrew Ainsworth
Renae Bothe
Christopher Branston
Bernadette Donovan
Laure Eterovich
Suhejla Hoti
Baiding Hu
Jodie Kampf
Yihui Lan
Gareth Maguire
TABLE A1.6
ECONOMIC SOCIETY OF AUSTRALIA
HONOURS PRIZE WINNERS
Year
Student
Year
Student
2006
2005
2004
2002
Giridhar Parameswaran
Emily Poole
Louise Carter
Sharon Smith
2010
2009
2008
2007
David Halperin
Christopher Rowe
Callum Jones
Aimee Kaye
TABLE A1.7
ECONOMIC SOCIETY OF AUSTRALIA
PRIZE FOR BEST HONOURS THESIS IN ECONOMICS
Year
Student
Year
Student
2010
2008
2007
2005
Susan Pen
Callum Jones
Aimee Kaye
Emily Poole
2004
2003
2001
1998
Louise Carter
Mian Er Voon Derby
Kim Radalj
Daryl Goh
36
APPENDIX A2
Table A2.1 gives a breakdown of dissertation topics by decade.
I received 22 letters from former students as part of this project and these are
reproduced in this appendix in the following order:
Name [year]
1. Andrew Ainsworth [2001]
2. Louise Carter [2004]
3. Peter Chong [1986]
4. Bernard Gan [1994]
5. David Halperin [2010]
6. Tracey Horton [1985]
7. Callum Jones [2008]
8. Oliver Kerr [2003]
9. Peter Kerr [1992]
10. Mark Knezevic [2004]
11. Emily Laing [2007]
12. Ian Li [2007]
13. James McClements [1984]
14. Stephen Miller [1982]
15. Peter Nagy [2002]
16. Susan Pen [2010]
17. John Roberts [1981]
18. David Shackles [2006]
19. Graeme Thomas [1993]
20. Derby Voon [2003]
21. Andrew Williams [1996]
22. Nina Yiannopoulos [2007]
Page number
39
40
41
42
43
44
46
47
48
49
51
52
53
55
57
59
60
61
62
63
64
65
Table A2.2 gives the current employment of those graduates for whom we could locate this
information.
37
TABLE A2.1
TOPICS AND TIME, CONTINGENCY TABLE
Journal of Economic Literature Category
Decade
A. Observed
2000-10
33
19
11
14
13
11
13
19
13
8
7
161
1990-99
29
21
17
16
5
1980-89
21
12
21
5
15
9
8
6
2
2
17
132
10
9
2
3
3
18
119
TOTAL
83
52
49
35
33
30
30
27
18
13
42
412
2000-10
32
20
19
14
13
12
12
11
7
6
16
161
1990-99
27
17
16
11
11
10
10
9
6
4
13
132
1980-89
24
15
14
10
10
9
9
8
5
3
12
119
TOTAL
83
52
49
35
33
30
30
27
18
13
42
412
B. Expected Under Independence
χ2 = 52.33
Notes: The expected value of a cell is equal to the product of the row and corresponding column totals, divided by the total number
of observations. The chi-squared test statistic is equal to Σ i =1 Σ j=1  o ij - e ij 
r
c
2
e ij , where r is the number of rows, c is the number of
columns, oij is the observed value in row i and column j and eij is the corresponding expected value. The observed chi-squared value,
52.33, is significant at the 1-percent level; under the null of independence, this test statistic follows an asymptotic chi-squared
distribution with degrees of freedom equal to 20.
38
Dr Andrew Ainsworth
Lecturer
Finance Discipline
School of Business
19 June 2011
Professor Kenneth W Clements
Business School, University of Western Australia
Crawley, Western Australia, 6009
Dear Ken,
RE: UWA ECONOMICS HONOURS
Thank you for the opportunity to reflect on my study of economics at the University of
Western Australia.
I completed an economics honours degree in 2001 and thoroughly enjoyed the
experience. The academic staff were extremely approachable and willing to assist
students in improving their understanding of economics. The calibre of the students also
made for an invigorating and stimulating university experience.
The honours year was not too overwhelming, although I did develop an addiction to $1
coffees on offer around campus, with consumption increasing as the thesis submission
deadline approached.
I believe an economics degree at UWA teaches one how to think, rather than what to
think. It equips one with the tools to be able to think independently and critically about a
variety of relevant issues. I distinctly remember an economics lecturer stating in my first
year that “just because it is written in a book does not mean it is true”, highlighting the
need to be able to question, rather than merely accept, what is written.
After completing my degree I worked at the Reserve Bank of Australia. Here, I was able
to apply economic principles and theories to assist in understanding current issues
relevant to monetary policy. For example, I assessed the risks faced by the Australian
financial system by conducting analysis into securitisation and insurance practices that
would become a key factor in the sub-prime financial crisis some five years later.
I have since completed a PhD and am now an academic at the University of Sydney. I
have returned to UWA on numerous occasions since my graduation, most recently as an
academic. It is fantastic to be able to catch up with former lecturers, now as colleagues.
I know that ten years on from completing my degree, I am still reaping the benefits of my
study of economics at UWA.
Yours Sincerely,
Dr Andrew Ainsworth
Finance Discipline
School of Business
Room 408, Economics and Business Building
(H69)
The University of Sydney
NSW 2006 Australia
T +61 2 9036 7992
F +61 2 9351 6461
E [email protected]
sydney.edu.au/business/finance
39
ABN 15 211 513 464
CRICOS 00026A
Dear Professor Clements,
Thank you for the opportunity to contribute to your book.
I completed my honours degree in economics at UWA in 2004. I remember my honours year being
very challenging, but also very rewarding – and it has certainly opened many doors for me. Having a
good honours degree was definitely a vital step in getting a job at the Reserve Bank, where I have
worked since 2005.
I found the UWA honours program to be quite well-rounded in several respects. In particular, the
program has a good balance between its dissertation and course-work components and, within this,
between the core and elective course-work units. Many students in our year had quite a quantitative
focus, and the School was flexible enough to run the fourth year Mathematical Economics unit for us
(for what I understand was the first time in several years). The structure of the program, with both
the course-work and dissertation components running throughout the year, also provided a good
balance. I feel that this allowed for more considered dissertation work, while also providing a
continued sense of connection with other students and the School more broadly throughout the
year.
A definite advantage of the UWA program was the small class size. As well as allowing for greater
contact between students and lecturers, I would also say that the small class size also meant that
students were able to spend more time with their dissertation supervisor. I remember having weekly
meetings with my supervisor, Michael McLure, who offered excellent guidance and support (and
never got upset when I turned up for a meeting without having touched my dissertation all week).
I would say that some of my fondest memories of my honours year are of the support provided by
other students, and of the various ‘personalities’ in the School at the time. I remember many
impromptu ‘group’ meetings in the Maulden room, as we struggled to get through Darryl
Turkington’s weekly mathematical economics assignments (or, at least until the lecturers in
neighbouring offices got sick of us laughing so loudly that we were ‘asked’ to relocate). (And it must
be noted that Darryl did make up for his torturous assignments by taking us out for drinks after our
last class.) The late evening applied econometrics classes were also made much more tolerable with
class coffee runs to the guild coffee shop. And of course, who could have ever made it through a
hard-core quant. unit without some assistance from Felix Chan.
To sum up, the honours program at UWA provided an excellent base for my career as an economist
– not only through the content and structure of the program, but also through the clear, analytical
way of thinking that the course encourages. But in addition, the small and sociable nature of the
program also ensured that my experiences during the year went well beyond just academics.
Louise Carter
40
41
DR BERNARD GAN
Lecturer
Organisation & Management
Australian School of Business
20th July 2011
To Kenneth W Clements
Winthrop Professor of Economics
Head of Economics
Dear Ken,
Thank you for your invitation to share my thoughts and experience in the UWA Honours
Economics graduate book. I graduated from UWA in 1995 and returned to Singapore to work
for the Port of Singapore Authority (PSA). Three years into my employment, I obtained
sponsorship from my company to pursue a Masters of Economics by course work at UWA.
Thereafter, I was posted to Northeast China to manage container port operations in PSA’s
flagship international joint-venture project – Dalian Container Port. While my work did not
directly involved Economics, my training at UWA provided strong foundations in critical
thinking and conceptualisation skills. Further, being an international student in Perth for a
number of years had extensively enriched my people skills as well as positive attitude in life.
I continued to work for PSA till 2005 when once again, the passion for lifelong learning
which I have acquired at UWA prompted my decision to pursue a doctorate degree. I did not
return to UWA only because my family are based in Sydney. In 2010, I graduated with a PhD
in Organisation and Management. In 2011, I became a lecturer at the School of Organisation
and Management, the faculty of Australian School of Business at the University of New
South Wales (UNSW).
I am glad to be given this opportunity to pen my thoughts for alma mater who had played a
significant role in shaping my career and attitude in life. I am particularly grateful to my
honours supervisor, Professor MoonJoong Tcha, and yourself. I hope this testimony will
prompt more students to choose to study Economics at UWA.
Yours sincerely
Gan kah chun
Bernard Gan
BEc(Hons), MEc (UWA), PhD (UNSW)
UNSW
SYDNEY
NSW
2052
A
U
S
T
R
A
L
I
A
Facsimile:
+61(2)9662-8531
Telephone:
+61(2)9385-6701
E - m a i l : k c g a n @ u n s w. e d u . a u
42
Dear Potential Economics Honours Students
Economics is a broad subject, touching on aspects of psychology, mathematics,
politics, history, philosophy and business, appealing to a wide variety of groups. Economics
is also a very important field; it touches on the livelihood of all people whether it is through
the theoretical study of markets or through its application by politicians, central bankers,
regulators, business or the choices of individuals. It is this that attracted me to the subject,
and made me want to undertake honours to further develop my knowledge and
understanding.
Studying economics at honours level places you in the elite of the economics
graduates. Because of this you get access to the best staff and the most in depth courses. Most
important though, are your fellow honours students, who are also the elite of economics. The
classes are small (typically 10 students), so you get to know everyone very well, you become
a close-knit group, with lasting friendships. You are all in the same boat, with the same trials
and tribulations which makes a perfect environment for making these long lasting
friendships. And as you are all bright, the atmosphere is conducive to the general group
learning.
The dissertation is the most important aspect of the honours year. It is a daunting task,
but it is worthwhile, rewarding, and the best learning experience at university. The most
important aspect of the dissertation is the general skills you acquire from writing it. You get
to choose a topic you are interested in (at least at the beginning of the year!) and delve deeply
into it. The dissertation is undertaken under the close supervision of a professor who is
interested in your topic. However, your topic is not set in stone; I changed my topic 3 times
before settling on my own. You may also get the chance to present your dissertation at a
conference, or even write it up as a working paper for possibly submission for publication at
a journal.
Completing honours opens doors to any number of potential employers in the both the
public and private sectors, domestically and internationally. A number of employers of
economics graduates (eg Treasury and the RBA) only take graduates with honours
qualifications. This is because of the general skills you acquire during the year and the
interest shown in the subject. Honours is also a gateway to further study, such as a doctorate,
both here and overseas.
I strongly advise you all to undertake the honours year in economics. It will be the
best decision of your university career.
David Halperin
Analyst, Reserve Bank of Australia
UWA Economics Honours Graduate, 2009/2010
43
Office of the Dean
Winthrop Professor Tracey Horton
Phone: 08 6488 2883
Facsimile: 08 6488 1068
Email: [email protected]
CRICOS Provider No: 000126G
17 June 2011
Dear Ken
Your letter asking me for my reflections on my experiences as an Honours student in Economics at
UWA and the value that it has contributed to my career took me for a trip down memory lane to my
days as an undergraduate student at UWA.
I loved studying Economics as a high-school student and remember being overwhelmed and delighted
at the vast array of topics that I could study as part of a UWA Economics degree in addition to the
standard Macro and Micro: Australian Economic History, Middle East Economies, Statistics,
Development Economics just to name a few. I found every unit I took fascinating (well, maybe not
Statistics!) and by the time I finished third year I wasn’t ready to leave because I was enjoying myself
so much. I was fortunate to receive an offer to study Honours plus several job offers. I decided to
take a cadetship from the Reserve Bank and felt like I had landed my dream job. While I was at the
Bank I wrote lots of briefing notes for the Reserve Bank Governor and built lots of economic models
(on those new-fangled personal computers!) and discovered that economic models are very useful
ways of generating powerful insights about complex situations.
From the RBA, I went to Stanford Business School and did my MBA. My UWA Economics degree
stood me in good stead throughout the competitive application process and throughout my course as
I was extremely well prepared. As an economist you are numerate, literate and have an analytical
mind – all necessary success factors for an MBA and for the next stage in my career, management
consulting, where my analytical skills and ability to solve problems were highly prized. I found that
many business problems, although not straightforward, were often classic economic problems. Also, I
found that my ingrained understanding of incentives and trade-offs from my rigorous UWA training
gave me an intuitive understanding of many strategic problems.
I ended up living in the U.S. for more than ten years; I returned to Western Australia in 2000 and will
always be grateful to you for the introductions that you provided me to influential business people.
I’m sure it was that convincing letter that you wrote to John Poynton about my skills and capabilities
that closed the deal for me being offered a partnership at GEM Consulting!
I eventually made the break from the world of management consulting to become Dean here, back at
the Business School at UWA. For me this is job that is about making a difference to the Western
Australian community through achieving some major goals: to create a vision that elevates the
school’s reputation, to build a culture that places a greater emphasis on fund-raising and alumni
outreach and on relationships with the Perth business community; and making investments in the
future by recruiting some of the smartest talent in the world.
I am proud of the fact that in some small way, I have used my economics knowledge to make a
positive difference in the world. Every now and again, you may hear a perspective that studying
economics and business is just something that you do if you want to make money. I’ve heard this from
44
more than one graduation speaker in my time here at UWA. But economics and business is about so
much more than that. Business acts as a catalyst to bring together all disciplines and to ensure
cooperation across nations. It underlies the strength of the great economies of the world. Being a
business owner or leader brings with it tremendous responsibilities of the employment of others and
their well-being while they are at work and of the custodian-ship of the resources of future
generations.
It’s not often that we take the time to take stock and reflect on how our lives and careers have
progressed. I thank you for the opportunity to do so. Congratulations on the very impressive list of
Economics Honours graduates that you and the Economics Group at UWA have been instrumental in
developing. I am certain that you will be very proud to read their letters to you.
With sincere thanks,
Winthrop Professor Tracey Horton
Dean, UWA Business School
45
Economics Department
New York University
19 W 4th St
New York
New York 10012
August 20, 2011
Professor Ken Clements
Economics Department
The University of Western Australia
35 Stirling Highway
Crawley
Western Australia 6009
Dear Ken
I am writing to you from my apartment in New York City, soon to begin graduate study in economics
at New York University. I have spent the past few days exploring one of the most exciting places
in the world; despite the blisters on my feet it seems like I’ve only seen a fraction of the city!
The UWA Economics degree helped get me here. Looking back, it was rewarding. While studying, I
befriended mentors, broadened my understanding of the subject of economics, and entered external
essay competitions, one of which led me to two years of productive graduate work with the Reserve
Bank of Australia’s Economic Research department.
My time at university culminated in a choice about whether to pursue the 10 months of honours
study in economics. I applied. The material learnt through the honours degree, and the opportunity
to write an extended piece of research under supervision, was valuable when I entered work and
when I applied for graduate study. Honours study sent a strong signal to employers and universities
that I was interested in the topic and that I was willing to work hard.
I wish you, everyone at the UWA Economics Department, and future honours students all the best.
Yours Sincerely,
Callum Jones
46
Professor Ken Clements
Winthrop Professor of Economics
University of Western Australia
10 August 2011
Dear Ken,
Thank you for the opportunity to reflect on my experience of the Economics Honours program. My
Honours year in 2003 was a highlight of my time at UWA. It was a tremendous learning experience, a
chance to engage more seriously with economics and to work closely with like-minded students.
Fourth year coursework was more interesting and challenging than earlier years, with a more collegiate
feel. International trade with Prof Moon Joong Tcha was a good example of an engaging unit, and an
engaged class. The class ran longer than its scheduled three hours most weeks as everyone had an opinion
on the papers that we studied. The last class ran more than an hour over time due to the added challenges
involved with Prof Tcha delivering on his promise to shout coffee for the entire class.
The International Finance exam that you set was a good example of the challenges of Honours units. The
main essay question was along the lines of “Arnold Schwarzenegger is elected President of the United
States – what happens to the Australian Dollar?” Let’s hope it never happens.
All of our class benefited from the opportunity that the Honours dissertation gave to engage in an
extended research project. As a result of my thesis, on the economics of the W.A. Potato Marketing Board,
I was asked to submit a paper to a refereed journal. I subsequently became a minor media celebrity when
the Board made the news thanks to a combination of a legislative review and the antics of several antiestablishment potato growers. I was interviewed by The Australian newspaper and W.A. Business News,
which prompted a furious letter from the Chairman of the W.A. Potato Marketing Board in response.
On a personal level, while the Honours year was very hard work, I was able to juggle study with being the
Director of the PROSH charity, and playing club hockey for UWA. Graduating with Honours in Economics
opened up a wide variety of opportunities. The course is well recognised, but more importantly in my
opinion was tremendously helpful in preparing for the world beyond study. After finishing at UWA, I
moved to Melbourne to begin a career with L.E.K. Consulting, an international corporate strategy advisor.
After several years working in Melbourne and London, as well as time out to study for a MBA at Judge
Business School, Cambridge University, I have recently returned to Perth to join PwC Consulting in their
Strategy practice.
Undertaking UWA’s Economics Honours program was one of the best choices I made at UWA, and I would
recommend it wholeheartedly to future students who are considering their study options.
Kind regards
Oliver Kerr
47
48
Mark Knezevic
124 West 60th Street, Apt.24N
New York, NY 10023
June 12, 2011
Ken Clements
UWA Business School
35 Stirling Highway
Crawley, WA 6009
Dear Ken:
Thank you for your letter regarding the compilation of a book documenting the
experiences of economics students at the University of Western Australia (UWA). I think
it is a great idea and am delighted to have the opportunity to add to the book.
I received my economics degree, with first class honours, from UWA in 2004. Over the
four years, I focused on the quantitative stream (econometrics and mathematical
economics) in addition to standard economic theory (micro and macroeconomics). The
degree culminated with an honours thesis in the field of health economics (a study of the
costs of diabetic kidney disease based on data obtained from the Fremantle Diabetes
Study). Although not having studied this narrow field directly in the pre-honours years,
the knowledge and skills of the quantitative stream were easily transferrable. An article
based on the dissertation was ultimately published in the Journal of Applied Economics
Letters.
The ability to apply quantitative techniques to solve real world problems in any number
of fields – in my case, health economics – is one of the ultimate strengths of the
economics discipline.
Upon graduating, I was accepted as part of the Reserve Bank of Australia’s (RBA)
graduate intake in 2005. I have been working with the RBA ever since. From 2005-07 I
worked in a number of analytical and research roles (foreign exchange markets, domestic
liquidity forecasting). Subsequently, I worked on the trading floor, first, on the domestic
market operations desk (which implements the RBA’s monetary policy by managing cash
levels in the Australian banking system), and then, on the foreign exchange reserve
management desk. I moved to New York to help manage the RBA’s US dollar reserves in
2009. In all these roles, knowledge of macroeconomics and monetary theory has come in
useful, not to mention the ability to apply quantitative techniques to data.
Friends from the class of 2004 have followed career paths that have similarly leveraged
their economics study. They have gone on to work at the RBA, Australian Treasury, and
the World Bank, not to mention various investment banks both in Australia and around
the world.
49
June 12, 2011
Page 2
Studying economics at UWA has opened many career paths. It is powerful knowledge to
possess in this era of economic integration and globalization. Based on my experience I
would definitely recommend the study of economics at UWA.
Warmly,
Mark Knezevic
50
51
School of Population Health, FMDHS
MBDP431
35 Stirling Highway
Crawley, Perth
Western Australia 6009
Email: [email protected]
http://www.sph.uwa.edu.au/
CRICOS Provider Code: 00126G
23 July 2011
Winthrop Professor Kenneth Clements
UWA Business School
RE: The Value of an Economics Honours Degree from UWA
Dear Professor Clements
I refer to your letter asking for a recollection of my memories as an Economics graduate from UWA. I
commenced my Bachelor’s degree in Economics at UWA in 2005, and have many fond memories of my
undergraduate education. Certainly, my undergraduate studies contributed significantly to my current
academic career in terms of the knowledge I gained, but also the interest that I developed over the course of
my studies. Initially, I intended to pursue my interests in Law after completing my Economics degree, but that
soon changed after the knowledge I gained in the Economics course stimulated my interest in Economics, and
only whetted my appetite further to gain a deeper understanding in this field.
I recall attending your classes on Monetary Economics, which had a very application based approach. Current
events and news were part of the lectures and tutorials, and were, quite possibly, good candidates for
examination material. Hence, this inculcated amongst the undergraduates the habit of keeping current on
news, and especially, finding out the latest on the Reserve Bank of Australia decisions on the first Tuesday of
every month (save January). I could also never forget the past year examination paper for International
Finance, in which a question asked for the implications for the exchange rate, under the hypothetical scenario
of US President George W. Bush being re-elected for a third term, of course with the US constitution being
amended. That was an example of the type of learning I experienced in my undergraduate learning - the use of
economic theory to rationalize and predict the effects of (seemingly) unrelated world events.
Shortly before completion of my bachelor’s pass degree, I attended the honours information session to decide
whether I should take up the honours course. I can still clearly remember the words of Professor Nicolaas
Groenewold, who was addressing the prospective honours candidates. Professor Groenewold said that when
he completed his bachelor’s degree, he felt that he knew all there was to know about economics. Yet, as he
progressed through his honours, and further higher qualifications, he felt that he knew lesser and lesser. That
impressed upon me, the boundless limits in the realm of Economics, and even today, as I gain more
knowledge about Economics and its workings in the world, these words of wisdom resonate within me. There
is considerably more to be said of my educational experience at UWA, but for the sake of brevity. In
summary, the Economics program at UWA is of a very high quality, and inspires students to do well and
“Seek Knowledge”.
The career opportunities that open up to UWA Economics honours graduates are vast as well. My Economics
training at UWA has given me a good grounding for my research, and also provided me with the knowledge
and desire to impart these to the younger generations. Amongst my peers who graduated in the same cohort,
some have went on to public sector careers in the Reserve Bank of Australia, the Australian Consumer and
Competition Commission, while others who have embarked on careers in the private sector with banks such
as Merrill Lynch and Citibank, or accounting firms such as Ernst and Young, or KPMG. As for myself, I am
currently pursuing a PhD in Economics, and am currently Assistant Professor of Health Economics in the
School of Population Health at UWA. I am certain that my education at UWA has primed me well for my
work, and I am indebted to the UWA Economics department and its fine educators, who have done a good job
in preparing its graduates. In essence, the UWA Economics program sets up its graduates for a rewarding
career ahead, and certainly provides the skills and tools needed to do so. I would highly recommend the UWA
economics degree to any aspiring student of economics.
Yours sincerely,
Ian W. Li
52
Resource Capital Funds
Management Pty Ltd
ABN: 25 098 091 715
Level 3
24 Kings Park Road
West Perth WA 6005
Postal Address:
PO Box 524
West Perth WA 6872
17 June 2011
Telephone: (08) 9485 2770
Facsimile: (08) 9485 2779
e-mail:
[email protected]
www.resourcecapitalfunds.com
UWA Business School
Economics
35 Stirling Highway
Crawley WA 6009
Like many students at UWA I was the product of a schooling in a remote town and my exposure to
the world let alone the big city of Perth in the 1980’s was extremely limited, so for the first few years
at UWA studying economics I was overawed by the environment and quietly went about my
business of learning the ropes of being a university student. I doubt anyone at the economics
department knew of my existence and I was happy with that. The opportunity to participate in the
honours program however was one of the best decisions I have had the opportunity to make. The
small group of 12 or so that met on a regular basis and the close contact with a range of department
staff meant that there was nowhere to hide. As the year wore on the intensity of the discussions
and the quality of the debate increased and I found my voice. Some of the more interesting
discussions revolved around the then relatively new Professor Ken Clements “Chicago” view of the
world. The debate around the comment “that unemployed people choose to be unemployed” sticks
in my memory. I had at the time strong objections to this perspective but with time and a little more
experience have probably moved a little closer to understanding Professor Clements’ view but still
not sure I am all the way there.
Economics to me was a window on global issues and stretched my imagination beyond what was
happening solely in my back yard. It motivated me to travel and have aspirations to seek
employment outside of Perth and outside of Australia. I clearly had a strong background in the
resources industry which in itself is one of the most globally diverse industries. The economics
degree gave me the opportunity to pursue a career in the financing aspects of the resources
industry.
Post my degree I spent several years back in the Pilbara working with BHP at the Mt Newman iron
ore mining project. After some travel around Australia I had the opportunity to work with a
Merchant Bank (a term rarely used these days) in Perth as an analyst reviewing and evaluating
project financing for junior mining companies developing projects in Australia and North America.
This was the window to a career in finance in the mining industry that appealed to my more
entrepreneurial side. This led to a move to Rothschild with four years in Sydney followed by a
transfer to the Denver office in 1994. By this stage the work had become more international with
greater exposure to people and business practices and it was during this time that you come to
accept that the quality of education received at UWA was on a par with anything I might have found
anywhere else in the world.
53
1
In 1997 I was asked to create Resource Capital Funds (“RCF”) with Rothschild sponsorship. Resource
Capital Funds started life as a small Private Equity Fund integrated into the larger Rothschild
activities in the Resources sector. The role required extensive travel primarily in North America
raising funds for the business. In this capacity I was exposed to University endowments,
Foundations, Charitable Trusts and Family offices. These are the institutional portfolio managers that
were at the forefront of investing in alternative assets globally using the endowment model that has
resulted in superior financial outcomes for their respective institutions. RCF separated from
Rothschild in 2001 and have been independent since that date.
RCF as a Private Equity firm investing in global industry like resources is a business that requires very
diverse skill sets ranging from a deep knowledge of the industry including operations, forms of
finance debt and equity, strategy, capacity to manage human resource at the level of Boards and the
most senior executive, commodity market risk and in some cases marketing strategies, country risk
assessment to the plain old capacity of negotiating a transaction using various structures and styles
and in vastly different circumstances and sometimes cultures. In all case making decisions as a
principal not an agent.
RCF has to date raised approximately US$2 billion from over 100 institutional investors and has
delivered returns over the last 12 years that is in the top quartile of all Private Equity managers
globally.
It has invested in approximately 100 companies that have had projects in greater than 35 different
countries involving more than 30 different commodities. The companies have been both private and
public listed on 8 different stock exchanges.
One of the most interesting experiences I had was a request to attend a meeting of the Trustees of
one of our investors the Alfred P Sloan Foundation in New York (www.sloan.org) to discuss the state
of the commodity market. This was in 2006 and there was nothing unusual in this request. I was
required to be available for 20 minutes at most. Sitting in the reception I pick up the annual report of
the Foundation and was reading through it and arrived at the page listing the Trustees. I am sure
everyone remembers Shapiro and Shapiro. Well one Professor Shapiro was a Trustee of this
Foundation and was present in this meeting. Here I am needing to watch my Supplies and Demands
with Professor Shapiro!!! The discussion lasted close to an hour and did cover a discussion of the
supply and demand for commodities and the impacts of emerging demand from China. The capacity
to talk about the experience of RCF in China building a coal mine and relating that to global
investment themes was only possible with the economics education I received at UWA.
Thank you
James McClements
Managing Partner
54
2
55
56
File Number: 0000
27 July 2011
Prof Kenneth W Clements
Winthrop Professor of Economics
Head of Economics
MBDP 251
35 Stirling Highway
Crawley, Western Australia, 6009
Dear Professor Clements
Thank you for this opportunity to write about my UWA Economics Degree, and the career it
has led to. I completed a Bachelor of International Business Economic with Honours under
your supervision in 2002. My thesis was on ‘The Economic Effects of Transnational Money
Laundering.’ My other degree was a Bachelor of Arts, majoring in Japanese and Politics.
Shortly after completing my studies, I joined the Department of Foreign Affairs and Trade
(DFAT) in Canberra. I was posted to the Australian Embassy in Belgrade, Serbia, from 2004
to 2007. The high academic standard of the Department of Economics stood me in good
stead throughout my work. In Belgrade, for instance, I analysed the transitional economies of
Serbia, Romania and other countries in the region with a particular focus on trade and
investment opportunities for Australian companies.
On my return to Australia, I worked as the trade and economic specialist of the Japan Section
in DFAT. This involved working on one of Australia’s premier economic relationships – on
issues as diverse as beef exports and infrastructure financing. One of my most interesting
tasks was to produce regular analytical papers for Trade Ministers on aspects of Australia’s
trade and economic relationship with Japan. The topics I researched included Japanese
investment into Australia’s resources industry and Japan’s role in Asian regional production
networks.
Last year, I undertook a 5-week trip to Antarctica. Of course, I wasn’t sent to Antarctica as
an economist, but even there, amid the snowy and deserted plains, being rostered to the vast
kitchen of Casey Station required careful allocation of limited resources to maximise utility…
R G Casey Building, Barton ACT 0221
www.dfat.gov.au Telephone: 02-62611111
57
From January next year, I will begin another posting as First Secretary at the Australian
Embassy in Moscow. Russia’s hosting of the Asia-Pacific Economic Cooperation (APEC)
meetings in 2012 will involve a significant amount of work on Australia’s priorities in
regional economic reform, trade facilitation and liberalisation.
A UWA economics degree has not only enabled me to get my dream job, but also taught me
analytical and economic skills which I apply every day in my work. It is a degree which
strikes the perfect balance between the humanities and the sciences, a degree which expands
one’s capacity to think in the broadest sense of the word. I can strongly recommend it to
everyone.
In terms of anecdotes, I recall being told off – quite rightly but also quite loudly – by one of
my lecturers for doodling during class. Nonetheless, those doodles continued and grew into
sentences, then sketches, then plays. My collection of neo-classical dramas, Altar of the
Muses, was published in the United Kingdom last year.
I would like to take this opportunity to thank my academic mentors and lecturers at UWA,
particularly you and Associate Professors McLeod and Siddique.
Yours sincerely
Peter Nagy
Executive Officer – Russia
Europe Division
Department of Foreign Affairs and Trade
R G Casey Building, Barton ACT 0221
www.dfat.gov.au Telephone: 02-62611111
58
Dear future Economics Honours students,
When choosing a degree at the completion of high school, my Mum suggested
Economics, “You like economics, and you did well at it throughout school”. My
response was “No way! I am happy knowing what I know, I don’t want to study
economics at university”. So I began engineering. Not enjoying physics and calculus
units as much as I had anticipated I quickly replaced them with economics electives.
Finding these units the most stimulating I proceeded to change my course four times,
and with each switch I incorporated a little more economics until I settled on the
Bachelor of Economics.
I chose to focus on the core economic theory (Macro and Microeconomics) and
Quantitative economics, as I had always liked mathematics. I enjoyed these majors
for their level of rigor and their applications to policy, which have the power to
influence the prosperity of all people. Hence at the end of my Bachelor’s degree I was
still hungry for more economics, so enrolled in Honours and graduated with First
Class in 2010. See, mums are always right!
Whilst the year was the most challenging of my university career it was certainly the
best! I took the Economics major and electives in International Finance and Topics in
Economic Analysis. These were fascinating, and I felt I was learning material that
helped me to understand the world around me, whilst also getting a glimpse of just
how huge the world is! By far the hardest part of the year is the dissertation! For me,
completing the thesis felt like a maze, except I wasn’t just trying to find the end, I had
to find where to start first! There are stumbling blocks along the way but your
supervisor is there to assist you overcome these. This is the greatest privilege of being
an honours student, working closely with academics that are expert in their field and
full of character! I was lucky enough to be supervised by Professor Ken Clements,
whose fantastic guidance allowed me to complete a paper on the pricing of illicit
drugs in Australia.
Completing honours has opened career opportunities for me with the Reserve Bank,
State government departments and consulting firms. Although it is my hope to study
postgraduate medicine the honours year was a great learning curve during which I
acquired invaluable research, analytical and problem solving skills. It has taught me
to think broadly when looking for solutions to problems. I have made great friends as
we worked together and supported each other to make it to the end! Sometimes we’d
find ourselves applying the material we’d learned in class to answer questions like
“How come the coffee at the best café off campus suddenly went downhill?”
I strongly advise you take up the Economics Honours course at UWA. It is a great
opportunity to grow personally and increase your career and future study options.
Susan Pen
59
2/28 Porter Street
GWELUP WA 6018
25 August 2011
Professor Ken Clements
Winthrop Professor of Economics
Head of Economics
Business School
The University of Western Australia
35 Stirling Highway
CRAWLEY WA 6009
Dear Ken
Thank you for the opportunity to write a letter for your book on UWA economics
honours graduates.
I completed the honours year as a full-time mature age student in 1981. This followed
completion of a Bachelor of Economics on a part-time basis.
I found the return to study full-time both invigorating and challenging. The class of
’81 had some very bright and talented students and this stimulated lively discussion
and debate in the lecture room and the library (sorry about the noise!).
Small class numbers fostered much greater contact with lecturers, who were always
willing discuss problems and issues. I found this one of the more rewarding aspects of
the honours year.
The honours year also provided me with an opportunity to tutor undergraduates –
something I have continued to do up to the present. I have found this very gratifying
and would encourage future honours students take up tutoring opportunities if they
arise.
The honours year certainly hones your knowledge of economics, with many important
economic concepts in microeconomics and macroeconomics taken to another level in
terms of detail and understanding. In this regard, it provides an excellent preparation
for any student hoping to work in government agencies such as Commonwealth
Treasury and the Reserve Bank, where there is stiff competition for places.
The honours year for me was terrific. I have no hesitation in recommending the
experience to others.
Kindest regards
John Roberts
60
7 July 2011
Kenneth W Clements
Winthrop Professor of Economics
Head of Economics
University of Western Australia
35 Stirling Highway
Crawley, WA 6009
Dear Professor Clements,
UWA Economics Honours
Thank you for your invitation to contribute towards this project. I graduated from
UWA with First Class Honours in both Economics and Law. My economics honours
dissertation was titled 'The Implications of Australian Government Policy on the Labour
Market Performance of Refugees and Asylum Seekers'.
I thoroughly enjoyed my economics honours year at UWA. Although I am currently
pursuing a career in law, I still have a strong passion for economics and think that it
provides many advantages to people wanting to engage in debating complex public
policy and market issues.
My own experience is that an economics degree offers a wide range of career options,
though unfortunately, the vast majority of positions are not located in Perth. Even so,
the standalone strength of an economics degree was demonstrated during job interviews
with some of the major law firms in Perth, many of whom questioned why I was not
instead pursuing a career in economics.
I would, without hesitation, recommend an economics major to new undergraduate
students. I think that many people do not realise that they are affected by and involved
in economic theories everyday. Examples range from the trivial, such as why 2 litres of
milk costs less per litre than 300 mL, to important decisions about future expectations
on mortgage interest rates. Having a good understanding of economic principles helps
explain and simplify human behaviour.
I hope, moving forward from 2012, that UWA will be able to continue to offer excellent
teaching in economics as part of the university's new course structure.
Kind regards,
David Shackles
Associate to the Hon Justice Beech
Supreme Court of Western Australia
Barrack Street PERTH WA 6000
61
Page 1 of 1
Hi Ken,
My career since Economics Honours has led me to management consulting. I joined the Air Force
where I was promoted to Squadron Leader and eventually headed a group of 25 internal
management consultants (receiving a Chief of Air Force commendation for my leadership). During
that time I completed my MBA. I left the Air Force in 2001 and joined a large national consulting
firm.
I have run my own consulting business Intelligent Edge for the last four years and a joint consulting
business 3Pillars Asia Pacific for the past three years. 3Pillars engages about 15-20 consultants across
Australia and our annual turnover has grown over 250% from FY2009/10 to FY2010/11 (now we just
need our profitability to increase by the same amount!). I recently was awarded my PhD through
ANU in IT project evaluation (and graduate next month).
Over the last few years I have consulted to Navy (Chief of Navy and his advisory committee), HBF,
ARG, WA Government, Western Power, CBH Group and many other large companies. I specialise in
strategy, performance measurement and project governance. While I haven’t directly applied my
economics in a work context the degree provided me with a strong foundation for thinking in a
structured way.
All the best for your book.
Kind regards,
Graeme Thomas
Director
3Pillars Asia Pacific
62
Winthrop Professor K.W. Clements
Head, Economics Discipline
Business School
The University of Western Australia
35 Stirling Highway
CRAWLEY WA 6009
Australia
Professor Clements,
Thank you for your recent invitation to write some reflections on my year as an honours student in
the Economics Department at UWA.
On a personal level, the honours year was a difficult year for me; and I will always be grateful for the
support provided throughout the year by my honours supervisor, Professor Paul Miller. In general,
the level of care and commitment of supervisors to their honours students is something that makes
the honours year a very special academic experience, and something that distinguished the year
from other undergraduate experiences.
On the academic front, the year was challenging, stressful at times, but ultimately
rewarding. Possibly the most important thing I learnt during the year was the value of paying
attention to detail and working diligently at a problem. Completing an honours dissertation is a
unique experience in undergraduate life, and it is an experience you share with your
classmates. Although many of the friends I made during the year now work across the globe, we
remain good friends, and keep in regular contact.
Overall, my honours year was a very rewarding experience, and one that I will always remember.
Kind regards,
Mian Er Derby Voon
63
BUSINESS SCHOOL
ECONOMICS
MBDP 251
35 Stirling Highway
Crawley, Western Australia, 6009
(61 8) 6488 3859
[email protected]
Dr Andrew Williams
Assistant Professor of Economics
Dear Ken,
I found my Honours year at UWA to be a pivotal experience for me. At the time, I
was working two part-time jobs, and trying to write my thesis in the second half of the
year. It was unquestionably a difficult year for me, but the experience taught me many
things that have subsequently served me well. Perseverance, attention to detail, time
management, patience and satisfaction are words that immediately spring to mind, but
I’m sure I could add many others.
If you are inherently a curious, inquisitive person, the Honours programme is a
wonderful experience. For the first time in your life, you have the opportunity,
through your thesis, to make a contribution (small though it may seem) to the study of
economics. To investigate and discover something that no one has previously looked
at gives a definite sense of satisfaction and achievement, and gives you the confidence
to move forward in your career, wherever that may be. In my case, it meant a return to
the university a couple of years later, and an enrolment in the PhD programme.
Without my Honours year, I would not have believed that I had the capabilities to
attempt (let alone receive) my doctorate.
The Honours programme also gave me the opportunity, whilst studying, to become a
tutor for the first year economics units. Given that I am now a lecturer at UWA, this
experience was obviously very important for me. However, wherever you ultimately
gain employment, the experience of tutoring in the department will be of enormous
benefit to you, because it dramatically improves your communications skills. The
Economics department at UWA has long championed the use of Honours students as
casual tutors, and is to be commended for this.
My advice to anyone contemplating doing Honours at UWA? Do it. When thinking
about your Honours thesis, make sure you pick an area of economics that interests
you, and get stuck into it. And ask about tutoring. It looks good on your CV, you
learn a lot, and it pays immeasurably better than pulling beers or scrubbing toilets.
Regards,
Andrew Williams
64
The University of Western Australia
35 Stirling Highway
Crawley WA 6009
Perth, Australia
14 August 2011
Dear reader,
I studied economics at the University of Western Australia for five years, graduating
with honours in 2007. After completing my law degree in 2009, I went on to a
graduate position in the economic policy department of the Reserve Bank of Australia.
During my time with the RBA I have researched and reported on sovereign debt
developments in Europe and helped monitor current economic conditions through
liaison with Australian businesses.
I first became interested in pursuing a career at the RBA after attending a
presentation by an RBA representative whilst studying Monetary Economics under
Professor Ken Clements. I later went on to complete the RBA’s summer cadetship
programme in 2008 and was subsequently offered a position as a graduate economist.
My economics degree provided me with a sound grounding in macroeconomic theory.
Even more valuable was the knowledge, experience and technical skills which I
developed during my honours year and through my work as a tutor for the economics
department.
During my time at UWA I made many close friends, some of which also went on to
pursue a career with the RBA, or with other well regarded institutions in Sydney. This
network of friends helped to ease my transition to life in Sydney.
Overall, my time spent studying at UWA included some of the best years of my life
and provided me with many career opportunities.
Sincerely
Nina Yiannopoulos
65
TABLE A2.2
WHERE ARE THEY NOW?
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
Name
[Year of graduation]
Position/Current Employer
Ainsworth, A. [2001]
Axworthy, S. [2005]
Bartels, C. [2010]
Bensley, E. [2008]
Borozdin, R. [1987]
Bothe, R. [2001]
Boulton, L.F. [1982]
Branston, C.B. [2001]
Carter, L. [2004]
Ceber, A. [2004]
Chan, A. [2006]
Chia, G. [2006]
Chong, P. [1986]
Christie, V. [1988]
Church, L. [2000]
Colegrave, A. [2005]
Connolly, L. [2007]
Crombie, J. [2005]
Davies-Slate, S. [2005]
Davis, B. [2008]
Dharmapala, D. [1991]
Fabo, J. [1998]
Fogarty, J. [2000]
Galvin, A. [1998]
Gan, B. [1995]
Garner, M. [2008]
Gaturu, S. [2005]
Gracey, M. [1991]
Gray, C. [2004]
Halperin, D. [2010]
Hester, S.M. [1991]
Horton, T. [1985]
Jones, C. [2008]
Kaye, A. [2007]
Kenny, T. [1988]
Kerr, O. [2003]
Kerr, P. [1992]
Knezevic, M. [2004]
Kofanova, A. [2008]
Laing, E. [2007]
Lane, K. [2008]
Lapham, K. [2003]
Layman, B. [1991]
Lewis, E. [1995]
Li, I. [2007]
Finance Lecturer, University of Sydney
Consultant, Bain and Company
Business Analyst, Momentum Partners
Business Analyst, McKinsey and Company
Manager, WA Dept of Mineral and Petroleum Resources
Manager, Sirona Capital
RBA, Sydney
Associate Director, Gresham Advisory Partners
RBA, Sydney
Microeconomic Analysis Team, World Bank, Jakarta
Economist, Moody's Analytics, Sydney
Woodside
Senior Executive, KPMG
Senior Representative, RBA Perth
Wesfarmers
Academic, Southern Cross University
Senior Consultant, PwC
ACIL Tasman, Perth
Policy Research Officer, WA Dept of Treasury and Finance
ACCC, Canberra
Lecturer in Law, University of Illinois
Head of International Financial Markets, RBA
Assistant Professor, UWA
RBA, Sydney
Lecturer, University of NSW
RBA, Sydney
Northern Territory Treasury
Principal, Scottish Equity Partners
Business Improvement Manager, iiNet
RBA, Sydney
Senior Research Fellow, UNE
Former Dean of the UWA Business School (nee Cumming)
PhD Student, New York University
Analyst, Macquarie Bank, Research
Senior Economist, ANZ
PwC Consulting, Perth
Perth Bureau Chief, The Australian Financial Review
RBA, Sydney
RBA, New York
RBA, Perth
RBA, Sydney
Manager, Deloitte Access Economics
WA Department of Treasury and Finance
Head of Strategy and Management, IAG Asset Management
Assistant Professor, UWA and PhD student, Curtin University
(Continued on next page)
66
TABLE A2.2 (continued)
WHERE ARE THEY NOW?
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
64.
65.
66.
67.
68.
69.
70.
71.
72.
73.
74.
75.
76.
77.
78.
79.
80.
81.
82.
83.
Name
[Year of graduation]
Position/Employer
Maesepp, M. [2007]
McCarthy, L. [2001]
McClements, J. [1984]
McDonagh, C. [2005]
Miller, S. [1982]
Moore, G. [1986]
Nagy, P. [2002]
Nesdale, G. [1994]
Nicolaou, J. [1997]
Nugraweni, N. [2004]
Ong, Z. [2003]
Ossolinski, C. [2002]
Parameswaran, G. [2006]
Pearce, D. [1985]
Pen, S.E. [2010]
Poon, A. [2010]
Roberts, J. [1981]
Rummery, S. [1988]
Russell, W.R. [1985]
Shackles, D. [2006]
Shackles, E. [2004]
Stefansson, E. [2009]
Stephens, B. [2009]
Stewart, T. [1981]
Su, P. [2005]
Thomas, G. [1993]
Thompson, C. [1996]
Vavakis, L. [2003]
Verani, S. [2004]
Voon, D. [2003]
Wallwork, D. [1986]
Williams, A. [1996]
Wills-Johnson, N. [1994]
Wong, R. [1998]
Wright, D. [1995]
Yoon, G. [2003]
Yiannopoulos, N. [2007]
Zani, C. [2000]
Federal Treasury
Senior Research Analyst, Challenger Financial
Managing Partner, Resource Capital Funds Management P/L
Senior Commercial Analyst, Rio Tinto Iron Ore
Managing Director, BlackRock
Coordinator of Economics, Notre Dame University
Executive Officer - Russia, DFAT
Partner, Time Square Capital, New York
Chief Economist, CCI WA
Department of Premier and Cabinet, Victoria
Owner, Alyka Web Design
Economist, RBA
PhD student, Princeton University
Executive Director, CIE, Canberra
Casual Tutor, UWA
Master of Actuarial Statistics Student, ANU
Principal Economist, GHD, Perth
Senior Director of Economics, NT Treasury
Senior Lecturer in Economic Studies, University of Dundee
Associate to the Hon Justice Beech
Secondary Economics Teacher, Ellenbrook College
Financial Analyst, Fokus Bank, Norway
Economist, Deloitte Access Economics, Melbourne
Chief Global Strategist, Fortress Investment Group, New York
Manager, RAM Rating Services, Malaysia
Director, 3Pillars Asia Pacific
RBA, Sydney
Federal Treasury, LSE and Masters student
Board of Governors of Federal Reserve Board, Washington, DC
Research Assistant, Department of Economics, Curtin University
Quantitative Financial Analyst, WA Treasury Corporation
Lecturer in Economics, UWA
Senior Consultant, ACIL Tasman, Perth
Senior Analyst, The Allen Consulting Group, Melbourne
Owner, Performance on Hand, Perth
Associate at Gresham Partners, Perth
RBA, Sydney
European Regional Finance Manager, Jaguar Land Rover
67
References
Alexander, F. (1963). Campus at Crawley. F. W. Cheshire, Melbourne, for UWA Press.
Appleyard, R. T. (2010). “Power and Influence of the Business and Law Faculties on the
Administration and Governance of the State, and in the Private Sector.” Forthcoming
in the 2011 University of Western Australia Centennial Publication.
Lourens, R. (1988), “The University and Commerce.” In B. K. de Garis (Ed.), Campus in the
Community: The University of Western Australia, 1963-1987. UWA Press: Nedlands.
Pp.15-28.
McLure, M. (2011). “Thirty Years of Economics: UWA and the WA Branch of the Economic
Society from 1963 to 1992.” History of Economics Review 54 (Summer). Pp. 70-91.
Petridis, R. (2011). "Depression, War and Recovery: Western Australian Economics, 1935 to
1963." History of Economics Review 54 (Summer). Pp. 45-69.
Treloar, D. (1988). “Economics and Commerce.” In B. K. de Garis (Ed.), Campus in the
Community: The University of Western Australia, 1963-1987. UWA Press: Nedlands.
Pp.263-80.
Vargovic, C. A. (1956). A Survey of Structural Changes in the Western Australian Economy:
A Statistical Interpretation. UWA Press: Nedlands.
Weber, E.J. (2011). "Wilfred E.G. Salter: The Merits of a Classical Economic Education"
History of Economics Review 54 (Summer). Pp. 111-130.
68
ECONOMICS DISCUSSION PAPERS
2010
DP
NUMBER
AUTHORS
TITLE
10.01
Hendry, D.F.
RESEARCH AND THE ACADEMIC: A TALE OF
TWO CULTURES
10.02
McLure, M., Turkington, D. and Weber, E.J.
A CONVERSATION WITH ARNOLD ZELLNER
10.03
Butler, D.J., Burbank, V.K. and
Chisholm, J.S.
THE FRAMES BEHIND THE GAMES: PLAYER’S
PERCEPTIONS OF PRISONER’S DILEMMA,
CHICKEN, DICTATOR, AND ULTIMATUM
GAMES
10.04
Harris, R.G., Robertson, P.E. and Xu, J.Y.
THE INTERNATIONAL EFFECTS OF CHINA’S
GROWTH, TRADE AND EDUCATION BOOMS
10.05
Clements, K.W., Mongey, S. and Si, J.
THE DYNAMICS OF NEW RESOURCE PROJECTS
A PROGRESS REPORT
10.06
Costello, G., Fraser, P. and Groenewold, N.
HOUSE PRICES, NON-FUNDAMENTAL
COMPONENTS AND INTERSTATE SPILLOVERS:
THE AUSTRALIAN EXPERIENCE
10.07
Clements, K.
REPORT OF THE 2009 PHD CONFERENCE IN
ECONOMICS AND BUSINESS
10.08
Robertson, P.E.
INVESTMENT LED GROWTH IN INDIA: HINDU
FACT OR MYTHOLOGY?
10.09
Fu, D., Wu, Y. and Tang, Y.
THE EFFECTS OF OWNERSHIP STRUCTURE AND
INDUSTRY CHARACTERISTICS ON EXPORT
PERFORMANCE
10.10
Wu, Y.
INNOVATION AND ECONOMIC GROWTH IN
CHINA
10.11
Stephens, B.J.
THE DETERMINANTS OF LABOUR FORCE
STATUS AMONG INDIGENOUS AUSTRALIANS
10.12
Davies, M.
FINANCING THE BURRA BURRA MINES, SOUTH
AUSTRALIA: LIQUIDITY PROBLEMS AND
RESOLUTIONS
10.13
Tyers, R. and Zhang, Y.
APPRECIATING THE RENMINBI
10.14
Clements, K.W., Lan, Y. and Seah, S.P.
THE BIG MAC INDEX TWO DECADES ON
AN EVALUATION OF BURGERNOMICS
10.15
Robertson, P.E. and Xu, J.Y.
IN CHINA’S WAKE:
HAS ASIA GAINED FROM CHINA’S GROWTH?
10.16
Clements, K.W. and Izan, H.Y.
THE PAY PARITY MATRIX: A TOOL FOR
ANALYSING THE STRUCTURE OF PAY
10.17
Gao, G.
WORLD FOOD DEMAND
10.18
Wu, Y.
INDIGENOUS INNOVATION IN CHINA:
IMPLICATIONS FOR SUSTAINABLE GROWTH
10.19
Robertson, P.E.
DECIPHERING THE HINDU GROWTH EPIC
10.20
Stevens, G.
RESERVE BANK OF AUSTRALIA-THE ROLE OF
FINANCE
69
10.21
Widmer, P.K., Zweifel, P. and Farsi, M.
ACCOUNTING FOR HETEROGENEITY IN THE
MEASUREMENT OF HOSPITAL PERFORMANCE
10.22
McLure, M.
ASSESSMENTS OF A. C. PIGOU’S FELLOWSHIP
THESES
10.23
Poon, A.R.
THE ECONOMICS OF NONLINEAR PRICING:
EVIDENCE FROM AIRFARES AND GROCERY
PRICES
10.24
Halperin, D.
FORECASTING METALS RETURNS: A BAYESIAN
DECISION THEORETIC APPROACH
10.25
Clements, K.W. and Si. J.
THE INVESTMENT PROJECT PIPELINE: COST
ESCALATION, LEAD-TIME, SUCCESS, FAILURE
AND SPEED
10.26
Chen, A., Groenewold, N. and Hagger, A.J.
THE REGIONAL ECONOMIC EFFECTS OF A
REDUCTION IN CARBON EMISSIONS
10.27
Siddique, A., Selvanathan, E.A. and
Selvanathan, S.
REMITTANCES AND ECONOMIC GROWTH:
EMPIRICAL EVIDENCE FROM BANGLADESH,
INDIA AND SRI LANKA
70
ECONOMICS DISCUSSION PAPERS
2011
DP
NUMBER
AUTHORS
TITLE
11.01
Robertson, P.E.
DEEP IMPACT: CHINA AND THE WORLD
ECONOMY
11.02
Kang, C. and Lee, S.H.
BEING KNOWLEDGEABLE OR SOCIABLE?
DIFFERENCES IN RELATIVE IMPORTANCE OF
COGNITIVE AND NON-COGNITIVE SKILLS
11.03
Turkington, D.
DIFFERENT CONCEPTS OF MATRIX CALCULUS
11.04
Golley, J. and Tyers, R.
CONTRASTING GIANTS: DEMOGRAPHIC CHANGE
AND ECONOMIC PERFORMANCE IN CHINA AND
INDIA
11.05
Collins, J., Baer, B. and Weber, E.J.
ECONOMIC GROWTH AND EVOLUTION:
PARENTAL PREFERENCE FOR QUALITY AND
QUANTITY OF OFFSPRING
11.06
Turkington, D.
ON THE DIFFERENTIATION OF THE LOG
LIKELIHOOD FUNCTION USING MATRIX
CALCULUS
11.07
Groenewold, N. and Paterson, J.E.H.
STOCK PRICES AND EXCHANGE RATES IN
AUSTRALIA: ARE COMMODITY PRICES THE
MISSING LINK?
11.08
Chen, A. and Groenewold, N.
REDUCING REGIONAL DISPARITIES IN CHINA: IS
INVESTMENT ALLOCATION POLICY EFFECTIVE?
11.09
Williams, A., Birch, E. and Hancock, P.
THE IMPACT OF ON-LINE LECTURE RECORDINGS
ON STUDENT PERFORMANCE
11.10
Pawley, J. and Weber, E.J.
INVESTMENT AND TECHNICAL PROGRESS IN THE
G7 COUNTRIES AND AUSTRALIA
11.11
Tyers, R.
AN ELEMENTAL MACROECONOMIC MODEL FOR
APPLIED ANALYSIS AT UNDERGRADUATE LEVEL
11.12
Clements, K.W. and Gao, G.
QUALITY, QUANTITY, SPENDING AND PRICES
11.13
Tyers, R. and Zhang, Y.
JAPAN’S ECONOMIC RECOVERY: INSIGHTS FROM
MULTI-REGION DYNAMICS
11.14
McLure, M.
A. C. PIGOU’S REJECTION OF PARETO’S LAW
11.15
Kristoffersen, I.
THE SUBJECTIVE WELLBEING SCALE: HOW
REASONABLE IS THE CARDINALITY
ASSUMPTION?
11.16
Clements, K.W., Izan, H.Y. and Lan, Y.
VOLATILITY AND STOCK PRICE INDEXES
11.17
Parkinson, M.
SHANN MEMORIAL LECTURE 2011: SUSTAINABLE
WELLBEING – AN ECONOMIC FUTURE FOR
AUSTRALIA
11.18
Chen, A. and Groenewold, N.
THE NATIONAL AND REGIONAL EFFECTS OF
FISCAL DECENTRALISATION IN CHINA
11.19
Tyers, R. and Corbett, J.
JAPAN’S ECONOMIC SLOWDOWN AND ITS
GLOBAL IMPLICATIONS: A REVIEW OF THE
ECONOMIC MODELLING
11.20
Wu, Y.
GAS MARKET INTEGRATION: GLOBAL TRENDS
AND IMPLICATIONS FOR THE EAS REGION
71
11.21
Fu, D., Wu, Y. and Tang, Y.
DOES INNOVATION MATTER FOR CHINESE HIGHTECH EXPORTS? A FIRM-LEVEL ANALYSIS
11.22
Fu, D. and Wu, Y.
EXPORT WAGE PREMIUM IN CHINA’S
MANUFACTURING SECTOR: A FIRM LEVEL
ANALYSIS
11.23
Li, B. and Zhang, J.
SUBSIDIES IN AN ECONOMY WITH ENDOGENOUS
CYCLES OVER NEOCLASSICAL INVESTMENT AND
NEO-SCHUMPETERIAN INNOVATION REGIMES
11.24
Krey, B., Widmer, P.K. and Zweifel, P.
EFFICIENT PROVISION OF ELECTRICITY FOR THE
UNITED STATES AND SWITZERLAND
11.25
Wu, Y.
ENERGY INTENSITY AND ITS DETERMINANTS IN
CHINA’S REGIONAL ECONOMIES
72
ECONOMICS DISCUSSION PAPERS
2012
DP
NUMBER
AUTHORS
TITLE
12.01
Clements, K.W., Gao, G., and Simpson, T.
DISPARITIES IN INCOMES AND PRICES
INTERNATIONALLY
12.02
Tyers, R.
THE RISE AND ROBUSTNESS OF ECONOMIC
FREEDOM IN CHINA
12.03
Golley, J. and Tyers, R.
DEMOGRAPHIC DIVIDENDS, DEPENDENCIES
AND ECONOMIC GROWTH IN CHINA AND INDIA
12.04
Tyers, R.
LOOKING INWARD FOR GROWTH
12.05
Knight, K. and McLure, M.
THE ELUSIVE ARTHUR PIGOU
12.06
McLure, M.
ONE HUNDRED YEARS FROM TODAY: A. C.
PIGOU’S WEALTH AND WELFARE
12.07
Khuu, A. and Weber, E.J.
HOW AUSTRALIAN FARMERS DEAL WITH RISK
12.08
Chen, M. and Clements, K.W.
PATTERNS IN WORLD METALS PRICES
12.09
Clements, K.W.
UWA ECONOMICS HONOURS
12.10
Golley, J. and Tyers, R.
CHINA’S GENDER IMBALANCE AND ITS
ECONOMIC PERFORMANCE
12.11
Weber, E.J.
AUSTRALIAN FISCAL POLICY IN THE
AFTERMATH OF THE GLOBAL FINANCIAL
CRISIS
12.12
Hartley, P.R. and Medlock III, K.B.
CHANGES IN THE OPERATIONAL EFFICIENCY
OF NATIONAL OIL COMPANIES
12.13
Li, L.
HOW MUCH ARE RESOURCE PROJECTS WORTH?
A CAPITAL MARKET PERSPECTIVE
12.14
Chen, A. and Groenewold, N.
THE REGIONAL ECONOMIC EFFECTS OF A
REDUCTION IN CARBON EMISSIONS AND AN
EVALUATION OF OFFSETTING POLICIES IN
CHINA
12.15
Collins, J., Baer, B. and Weber, E.J.
SEXUAL SELECTION, CONSPICUOUS
CONSUMPTION AND ECONOMIC GROWTH
73