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BANKING. AND FINANCE Economics B must be passed before this subject is taken

A course of one lecture per week and one tutorial every two weeks throughout the year.


Public fin


ce and economic policy; budgetary policy in relation to stability, resource allocation, growth, and income distribution; the national debt; government revenue and theory of taxation; government expenditure; problems of federal finance.


(a) Recommended for preliminary reading:



Principles of Public Finance. (4th ed., Routledge, 1955. ) (b) Prescribed textbooks:

*Due, J.


Government Finance. (Irwin.)

Prest, A.

R.— Publie

Finance. (Weidenfeld and Nicolson.)

Commonwealth Payments to or for the States. (Govt. Printer, Canberra.) Commonwealth Grants Commission. Latest Report. (Govt. Printer, Melbourne.) The Budget Speech. (Govt. Printer, Canberra.)

Other publications as referred to in lectures.

EXAMINATION. One 2-hour paper.


BANKING. AND FINANCE Economics B must be passed before this subject is taken.

A course of one lecture per week and one tutorial every two weeks, throughout the year.


Monetary theory and policy; techniques of central banking control; banks and other financial institutions ( with special reference to Australia); international monetary arrangements and institutions.


(a) Recommended for preliminary reading:

Arndt, H. W.—The Australian Trading Banks. (2nd ed., Cheshire.) Day, A. C.


Outline of Monetary Economics. (O.U.P. )

(b) Prescribed textbooks:

Newlyn, W. T.—Theory of Money. (O.U.P. )

Report on the Working of the Monetary System. Cmd. 827. (Radcliffe Report.) Scammell, W. M.-International Monetary Policy. (2nd ed., Macmillan.) -


Tew, B. International Monetary Co-operation, 1945- 0. ( Hutchinson Univer- sity Library.)

Triffin, R.-Gold and the Dollar Crisis. ( Yale Paperbound.) Other pub ications as referred to in lectures.

EXAMINATION. One 2-hour paper.

223. STATISTICAL METHOD Economics A must be passed before this subject is taken.

A course of two lectures per week, with tutorial and practice classes, throughout

the year.


Statistics as a scientific method of economic study; methods of collecting statistical data; sampling; survey of Australian official statistics; classification;

graphs; averages and their characteristics; dispersion and skewness; frequency distri- butions; regression and correlation; elementary treatment of probability; significance test for large and small samples; analysis of time series; index numbers; special studies of methods and data exemplified by Australian statistics of national income and prices.

Students are required to prepare class exercises and essays as set by the lecturers.


(a) Recommended for preliminary reading:

Mauldon, F. 1.—Use and Abuse of Statistics. ( Univ. of W.A., 1949.)

or *Croxton, F. E., and Cowden.—Applied General Statistics. Chs. I-VII. ( Pitman. ) (b) Prescribed textbooks:

*Karmel, P. H.—Applied Statistics for Есоnоmi ts. (Pitman.)

Mills, F. C.—Statistical Methods. ( Pitman, 1956.)

or Neiswanger, W. А


—Еіетеntагу Statistical Methods. (Revised ed., N. York, Macmillan.)

Tippett, L. H. C.—Stпttst{cs. ( O.U.P. )

*Downing, R. I.--National Income and Social Accounts. ( М.U.Р.) 'Moser, C. A.—Survey Methods in Social Investigation. ( Heinemann.)

Yates, F.—Sampltng Methods for Censuses and Surveys. ( Griffin. )

*Nát{onal Income and Expenditure:)

1 (Latest issue, Covt. Printer, Canberra.) Labour Report.

Other texts and publications as referred to in lectures.


Two 3-hour papers. Before admission to the examination candidates must have satisfactorily completed the practical work.


This subject must be taken before or at the same time as Economics A.

A course of two lectures and one tutorial class per week throughout the year.


A study of resources, production and trade. Economic activity and its relation to natural resources afd other physical and climatic conditions; organization of resources for productive purposes and level of economic development; location and organization of industry; transport and communication; population problems; Austra- lian primary and secondary industries; Australian overseas trade; composition of world trade.


(a) Prescribed textbooks:

Alexander, J. W.-Ecohom{c Geography. ( Prenticè-Hall, 1963.)

*Andrews, J.—Australia's Resources and their Utilization, Parts I and II. (Com- monwealth Office of Education.)

*Wadham and Wood-Land Utilization in Australia, 3rd ед., selected chapters.


*Estall, R. C., and Buchanan, R. O. Industrial Activity and Economic Geography.

( Hutchinson U.L., 1961.)


*Commonwealth Year Book, selected sections. ( Commonwealth Govt. Printer, Canberra.)

*Ginsburg, Norton-Atlas of Economic Development. (U. of Chicago P., 1961. ) (b ) Recommended for reference:

ZiirImermann, E. W.—World Resources and Industries. ( Rev. ed., Harper 1951.)

*Oxford Economic Atlas. (O.U.P.) The Australian Environment. (C.S.I.R.O.) EXAMINATION. One 3-hour paper.


A course of two lectures and one tutorial class per week throughout the year.


A study of economic development in the Pacific area (including India and S.E. Asia ). Influence of natural resources, climatic conditions and topography on economic activity; population movements and problems; types of agricultural develop- ment; processes of industrialization; transport; international trade; inter-governmental co-operation in developmental schemes.


(a) Prescribed textbooks:

*Ginsburg, N. (ed.)—The Pattern of Asia. (Prentice-Hall.)

*Economic Survey of Asia and the Far East. (Latest issue, United Nations.) (b) Recommended for reference:

Cressy, G. B.—Asia's Lands and Peoples. (Whittlesey House.) Dobby, E. H. G.—South-East Asia. (U.L.P.)

Trewartha, G. T. Japan. (McGraw-Hill.) Spate, O. H. K. India and Pakistan. (Methuen.)

Ackerman, E. A.—Japan's Natural Resources and their Relation to Japan's Economic Future. (Univ. Chicago P., 1953.)

Hughes, T. J., and Luard, D. E. T.—The Economic Development of Communist China. (O.U.P., 1959.)

Allen, G. C., and Donnithome, A. G.—Western Enterprise in Indonesia and Malaya. (Allen and Unwin.)

EXAMINATION. Two 3-hour papers.


A course of two lectures per week, with one tutorial class, throughout the year.


The course comprises: (1) The Rise of Europe. An outline of the major European economic developments in the period c. 1500-1800; a discussion in some detail of the development of industrial capitalism in Britain to about 1830.

(2) The Expansion of Europe in the World. The impact of European civilization on other countries since 1800. Particular attention will be given to the changing place of Great Britain in the world economy. (3) An outline of the economic history of Australia.

Students are required to prepare exercises and essays as set by tutors and lecturers.


(a) Recommended for preliminary reading:

Bindoff, S. T.-Tudor England. ( Pelican, 1950.)

Ashley, M. England in the Seventeenth Century. ( Pelican, 1952. )

(These are only two of the excellent series of volumes comprising the Pelican History of England. All volumes are useful, and students are strongly advised to buy some or all of them not only for background reading but because they contain good general treatments of the economic history of the periods with which they deal.)

Ashley, W. J.-Economic Organization of England. (New ed., Longmans, 1949. ) 52



history of Europe 1760


1930. (Methuen, 1931.) Crawford, R. M.—Australia. (Hutćhinson. )





Economic Development of Australia. ( Longmans, 1952.) (b ) Prescribed textbooks:

*Ashton, T.


Industrial Revolution, 1760-1830. ( H.U.L. )

Ashton, T. S.

An Economic History of England: The Eighteenth Century.

( Methuen, 1955.)

Ashton, T.

S. Economic

Fluctuations in England 1700-1800. (O.U.P., 1959.) Ashworth, W


A Short History of the International Economy, 1850-1950.

( Longmans, 1952. )

Clapham, J.

H. The

Economic Development of France and

Germany. (C.U.P.)

Clough, S.

B. Есопотiс

Development of Western Civilization. ( McGraw-Hill, 1959.)

Clough, S.


., and Cole, C.


History of Europe. (3rd ed., Harrap, 1952.)

•Court, W. H. B.

A Concise Economic History of Britain from 1750 to Recent Times. ( C.U.P.)



British Empire in Australia. (M.U.P.)



history of Europe. Revised ed. ( Harper, 1948.) (c) It may be necessary to add to the above lists books which become available

after these details go to press.

EXAMINATION. One 3-hour paper.