• Offered by Research School of Economics
  • ANU College ANU College of Business and Economics
  • Course subject Economics
  • Areas of interest Economics
  • Academic career Undergraduate
  • Course convener
    • Dr Paul Chen
    • Mr Zachary Ward
  • Mode of delivery In Person
  • Offered in First Semester 2018
    Second Semester 2018
    See Future Offerings

The course examines how individuals and firms make decisions by weighing up costs and benefits, and how the interaction of their decisions leads to market and social outcomes. The model of market supply and demand is employed to examine the effects of taxes, subsidies, and other government interventions in market activity. The implications of different market structures, including perfect competition and monopoly, are examined.  Public goods, externalities and common resources are key examples of cases in which private markets may yield socially sub-optimal outcomes.  Such cases are examined and the role of government policy in correcting for these is discussed.

Learning Outcomes

 On satisfying the requirements for this course, students will:
• understand the economic principles that underpin modern economics;
• have a basic understanding of the way budget constrained individuals make optimising choices and the way resources are allocated in private markets;
• understand the role of different trading arrangements in markets and their impact on prices and the quantities traded;
• use basic economic principles to evaluate the effects of government interventions and other exogenous changes in markets;
• be able to evaluate the effects of government interventions in markets;
• present clearly written analysis of economic issues and problems

Other Information

See the course outline on the College courses page. Outlines are uploaded as they become available. 

Indicative Assessment

  1. Mid Semester exam (30%)
  2. Two (2) Tutorial Test (10%)
  3. Final Exam (60%)

 

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Workload

Three hours of lecture and one hour of tutorial per week plus at least 6 weekly hours of private study time.

Majors

Minors

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:
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
Domestic fee paying students
Year Fee
2018 $3900
International fee paying students
Year Fee
2018 $5160
Note: Please note that fee information is for current year only.

Offerings and Dates

The list of offerings for future years is indicative only

First Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery
2584 19 Feb 2018 26 Feb 2018 31 Mar 2018 25 May 2018 In Person

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery
7555 23 Jul 2018 30 Jul 2018 31 Aug 2018 26 Oct 2018 In Person

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