• Offered by International and Development Economics Program
  • ANU College ANU College of Asia and the Pacific
  • Course subject International and Developmental Economics
  • Academic career PGRD
  • Course convener
    • Dr Anthony Swan
  • Mode of delivery In Person
  • Offered in First Semester 2014
    See Future Offerings

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This course will explore factors that explain decision-making by individuals and firms in the context of many real-world situations, and provide students with an understanding of policy options available to government to reduce the negative effects of some aspects of this decision-making.


This course moves beyond the assumptions of competitive markets, certainty, and complete information. Once these assumptions are broken down decision-making by individuals and firms tend to become strategic in nature. A core tool for analysing strategic behaviour is game theory. This topic will be taught in the very first week of lectures and used throughout the rest of the semester across different applications and scenarios within the topics of imperfect competition, choice under uncertainty, and asymmetric information. Students will be expected to provide a critical analysis of a range of real-world examples of policy interventions related to topics in this course.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

  1. Gain an understanding of the implications of relaxing the assumptions of perfect competition, certainty, and full information on free-market outcomes within basic microeconomic models, and the welfare implications of these outcomes.
  2. Evaluate the effects of government interventions and other exogenous changes on markets outcomes using economic principles.
  3. Apply basic concepts to design policy interventions to deal with issues related to imperfect competition, uncertainty, and asymmetric information.
  4. Present clearly written analysis of economic issues and problems using diagrams and algebra.

Indicative Assessment

Assessment Task

Word Count

Assessment Value

Learning outcome to be assessed

Quick quizzes (10 in total)




Long quizzes (4 in total)




Final exam



1,2,3 & 4

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Two hours of lecture and one hour of tutorial per week, as well as an average of 6 hours per week on private study and tutorial/assignment preparation.

Prescribed Texts

Nicholson, W & Snyder, C 2008, Microeconomic Theory: Basic Principles and Extensions, 10th edn, Cengage Learning.

Additional reading:

Martin J. Osborne, 2009, An Introduction to Game Theory, Oxford University Press.

Tirole, Jean, 1988, The Theory Of Industrial Organization, The MIT Press

Hoy, M, Livernois, J, McKenna, C, Rees, R & Stengos, T 2011, Mathematics for Economics , 3rd edn, MIT Press.


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. Students continuing in their current program of study will have their tuition fees indexed annually from the year in which you commenced your program. Further information for domestic and international students about tuition and other fees can be found at Fees.

Student Contribution Band:
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.

6.00 0.12500
Domestic fee paying students
Year Fee Description
1994-2003 $1338
2014 $3582
2013 $3582
2012 $3582
2011 $3576
2010 $3570
2009 $3570
2008 $3402
2007 $3132
2006 $3084
2005 $2988
2004 $2412
International fee paying students
Year Fee
1994-2003 $3672
2014 $4146
2013 $4140
2012 $4140
2011 $4134
2010 $4134
2009 $4002
2008 $4002
2007 $3864
2006 $3864
2005 $3864
2004 $3864
Note: Please note that fee information is for current year only.

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.

The list of offerings for future years is indicative only.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

First Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
4827 17 Feb 2014 07 Mar 2014 31 Mar 2014 30 May 2014 In Person N/A

Responsible Officer: Registrar, Student Administration / Page Contact: Website Administrator / Frequently Asked Questions