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The Asian Economies - ECON398

This unit focuses on the three major economies of the region, Japan, the Republic of Korea, and the People’s Republic of China, and covers the distinctive business and economic institutions of each, both those of today, such as sogo shosha and chaebol, and of the recent past including zaibatsu and Chinese TVEs. The unit goes beyond description, to provide theory to explain why such institutions exist, often uniquely to the region. It therefore approaches the major economies of East Asia as an exercise in applied economic theory, and as an introduction to basic models in development economics. It further draws on economic models to explain how these economies achieved rapid ‘Miracle’ economic growth, and raised per capita incomes from the lowest to amongst the highest in the world. Some of the economic theory will be familiar to students, some of it encountered for the first time, but in either case it will be taught from first principles with no assumed knowledge, for practical application in real world economies. Other economies will be covered as well as the three that are core to the unit, and it will add much to students' knowledge of theoretical and applied economics.

Credit Points: 3
When Offered:

S2 Day - Session 2, North Ryde, Day

Staff Contact(s): Mr Alexander Blair

6cp at 200 level including (ECON203 or ECON204)  Prerequisite Information


NCCW(s): ECON394
Unit Designation(s):


Unit Type:
Assessed As: Graded
Offered By:

Department of Economics

Faculty of Business and Economics

Course structures, including unit offerings, are subject to change.
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