• Offered by Crawford School of Public Policy
  • ANU College ANU College of Asia and the Pacific
  • Classification Specialist
  • Course subject Policy and Governance
  • Areas of interest Policy Studies
  • Academic career Postgraduate
  • Course convener
    • Prof Robert Breunig
  • Mode of delivery In Person
  • Offered in First Semester 2018
    Second Semester 2018
    See Future Offerings

This subject seeks to provide a policy officer's or public sector manager's guide to basic economic principles and their application to public sector activities.  To achieve this, the subject will:

• Emphasize the nature of decision making by individuals, firms and governments and their effect on the allocation of resources.  The idea of the efficiency of resource allocation will be emphasised and developed.  This will be achieved by providing concrete examples and applications.
• Ensure participants understand the nature and role of markets. This is done by providing an overview of basic economic principles. This will take the form of introduction to the basic language, methods, concepts and frameworks that underpin economic reasoning and logic. This will mostly cover supply and demand of markets (microeconomics), though we will also touch on measurement, growth and operation of the aggregate economy (macroeconomics).
• Ensure participants understand the economic role of government. This will be achieved by providing a framework for understanding both the strengths and limits of markets as a form of social organization and for identifying the precise nature of market failure, the objectives of public policy and the form of intervention including via regulation, service provision, and redistribution.
• Understand the nature of the economic way of thinking, through developing frameworks for determining the relative roles of market and state. This will be done by way of providing particular economic problems as illustrations and by conveying the nature of the tool-kit that the economic profession brings to examination of issues, both economic and beyond economics.

Learning Outcomes

On successful completion of this course, students will be able to
• Understand the tools and insights that economists bring to the study of human activity, the economy and public policy
• Use basic economic analysis in their work as policy administrators and policy makers
• Draw insight from the economic literature and the work of economists  when called for in public administration and policy-making
• Appreciate the strengths and weaknesses of the discipline of economics

Indicative Assessment

Weekly tutorial exercises and study questions, assignments and mid-semester and final examinations. 

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

Requisite and Incompatibility

You are not able to enrol in this course if you have previously completed POGO8016 or POGO8019.

Prescribed Texts

Title: Principles of Economics
Author: Gans, J., S. King, R. Stonecash, M. Byford, J. Libich and N. G. Mankiw
Publisher: Cengage Learning
Edition: Sixth
ISBN: 9780170248532
Availability: Coop Book Store

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
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
2929 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
9947 23 Jul 2018 30 Jul 2018 31 Aug 2018 26 Oct 2018 In Person

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