Economics 1(H) includes ECON1102 Macroeconomics 1 with two additional contact hours a week. It is designed for the better performing students who want to extend their exposure to economics beyond that offered in the standard first year courses in microeconomics and macroeconomics. The course will give students a head start on Microeconomics 2 and 3, as well as optional economics units – with topics drawn from public economics, law and economics, game theory, industrial
The first part of the course uses the tools of Microeconomics 1 to examine the efficiency of competitive markets (market success) and the theory of market failure – including externalities; transactions costs; congestion, common property and the anti-commons; natural monopoly; non-excludability, non-rivalry and public goods; strategic behaviour and game theory.
The analysis will be applied to a number of topical public policy issues including carbon pricing, intellectual property, infrastructure pricing and provision, and road charging. The course finishes with an examination of public choice: the economics of the political process.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
In addition to the learning outcomes for the pass component of this course honours students should have the knowledge and skills to:• Think for themselves like economists, or at least understand how economists think.
• Recognise the economic issues in a problem and apply the appropriate tools to analyse it.
• Understand the economic tools taught in class and be able to apply them to analyse real world problems and policy issues.
Other Information
This course may be taken as an alternative to ECON1102 Macroeconomics 1 and satisfies all prerequisites that would be satisfied by that course.
See the course outline on the College courses page. Outlines are uploaded as they become available.
Indicative Assessment
All the assessment requirements for ECON1102 Macroeconomics 1 plus a final exam on the honours material. Details to be determined in class, in consultation with students and in accordance with ANU policy.
A student must pass both the Pass component and the Honours component to receive the Honours grade (if the student does not meet these requirements, they will be automatically transferred to the ECON1102 course).
The mark awarded for Microeconomics 1(H) will be the simple average of the Pass and the Honours components.
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Workload
Lectures and tutorials as for ECON1102 Macroeconomics 1 plus two additional contact hours per week for ECON1100 and 3 hours a week: reading, research, writing and tutorial preparationRequisite and Incompatibility
Prescribed Texts
There is no prescribed text. A detailed outline, reading list and the associated readings for each topic will be placed on the course wattle web site.Majors
Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 3
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2017 | $3660 |
- International fee paying students
| Year | Fee |
|---|---|
| 2017 | $4878 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
Second Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 9550 | 24 Jul 2017 | 31 Jul 2017 | 31 Aug 2017 | 27 Oct 2017 | In Person | N/A |
