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Economic growth policies are one of the most challenging and important tasks for any government. Analysis on economic growth is becoming increasingly important as the government in Australia looks to sustain economic growth post the mining boom. Innovation and economic growth policies are key priorities for the government as outlined in the National Innovation and Science Agenda and the Australian Innovation System reports by the federal governments. This program provides an overview of the economics of growth and covers the basic economic foundations and tools required to consider and design economic growth policies. The focus of this course will be on how economists can communicate better on the interplay between economic growth and a range of public policy activities across the Australian Public Service.
Economic growth policies are one of the most challenging and important tasks for any government. Analysis on economic growth is becoming increasingly important as the government in Australia looks to sustain economic growth post the mining boom. Innovation and economic growth policies are key priorities for the government as outlined in the National Innovation and Science Agenda and the Australian Innovation System reports by the federal governments. This one-day program provides an overview of the economics of growth and covers the basic economic foundations and tools required to consider and design economic growth policies. Drawing on basic microeconomic tools, this course covers a wide variety of important economic growth topics namely:
- stylized facts, main concepts and framework for analysis;
- Solow Model;
- physical capital
- human capital
- productivity and the economics of ideas;
- measuring productivity and growth accounting;
- the role of technology in economic growth ;
- the role of government and economic growth;
- empirics of economic growth – long term sources of economic growth;
- the role of institutions; and
- inequality and its interplay with economic growth
Professor Robert Breunig
Robert Breunig is the director of the Tax and Transfer Policy Institute at the Crawford School of Public Policy. From 2015 to 2016 he was the Director of the Crawford School of Public Policy.
Professor Breunig is one of Australia’s leading Public Policy Economists. He has published in over 50 international academic journals in economics and public policy. Professor Breunig has made significant policy impact through a number of his research projects: the relationship between child care and women’s labour supply; the effect of immigration to Australia on the labour market prospects of Australians; the effect of switching to cash from food stamps in the U.S. food stamp program and the inter-generational transmission of disadvantage.
Professor Breunig’s research is motivated by important social policy issues and debates. His work is characterised by careful empirical study and appropriate use of statistical technique.
Professor Breunig’s research agenda has led to many partnerships with government organisations in Australia and overseas. He works regularly with the Australian Treasury, the Department of Employment, the Department of Industry, the Department of Communication and the Arts, the Productivity Commission, the Australian Bureau of Statistics along with many other agencies. He has been a consultant to the private sector on marketing, mergers, bank competition and customer loyalty programs.
Robert Breunig particularly enjoys interaction outside of typical academic circles and takes pleasure in helping those who don’t usually use economics or statistical analysis to better understand and make use of these tools in their work. He has an extensive track record of helping the Australian Public Service to build research capacity which he views as a particularly important activity.
Dr Omer Majeed
Dr. Omer Majeed is a senior economist at the Department of Industry, Innovation and Science. Currently, he is working on the Australian Innovation System report, analysis of high growth firms, determinants of innovation and the impact of payroll tax on employment and wages. Dr. Majeed has also worked as a senior economist for the Department of Treasury and Finance in the Northern Territory, primarily working on macroeconomic issues.
Dr. Majeed recently completed his Ph.D. at the Crawford School of Public Policy at the Australian National University, where he has studied issues relating to inequality, economic growth and trade. He has also tutored courses including Economic Development, Advanced Topics in Poverty, Public Policy and Development, International Economics, Microeconomics, Macroeconomics, Public Economics, Managerial Economics and Money and Banking. He has tutored both at the postgraduate and undergraduate levels and refereed papers for economic journals.