• Offered by Research School of Economics
  • ANU College ANU College of Business and Economics
  • Course subject Economics
  • Areas of interest Economics
  • Academic career UGRD
  • Course convener
    • Dr Kieron Meagher
    • Dr Maria Racionero Llorente
  • Mode of delivery In Person
  • Offered in Second Semester 2014
    See Future Offerings

This class covers some of the more basic concepts of game theory before going on to apply it to firm behaviour in oligopolies.  The second half of the course will address welfare economics in more detail than ECON1101 and will go on to analyse topics in environmental economics and modern macroeconomics. It is designed as a first undergraduate course in these areas. Students are expected to have some "mathematical maturity", as the concepts will be explained via abstract mathematical models and examples.  The course is designed for better performing students who want to extend their exposure to economics beyond that offered in the standard first year courses in microeconomics and macroeconomics.

Learning Outcomes

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

Upon successful completion of the requirements for this course, students will:

    • Understand the basics of formal logic and how to apply them to establish the validity of arguments and statements.
    • Describe the main ways we use theory in economics and identify the strengths and weakness of theories based on this framework.
    • Be able to apply neoclassical consumer theory to solve economic problems.
    •  Describe and apply the major ideas from the philosophy of science as they apply to empirical work in economics.
    •  Identify and evaluate issues of causality and validity in observational and experimental studies.

      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

      Assessment will be based on class problem sets (25%) a mid-semester exam (25% redeemable) and a final exam (50% or 75%).

      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.


      Lectures and tutorials as for ECON1102 Macroeconomics 1 plus two additional contact hours per week.

      Requisite and Incompatibility

      To enrol in this course you must have completed ECON 1101 Microeconomics 1.


      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.

      Units EFTSL
      6.00 0.12500
      Domestic fee paying students
      Year Fee Description
      1994-2003 $2922
      2014 $3246
      2013 $3240
      2012 $3240
      2011 $3240
      2010 $3240
      2009 $3240
      2008 $3240
      2007 $3240
      2006 $3240
      2005 $3234
      2004 $3234
      International fee paying students
      Year Fee
      1994-2003 $2922
      2014 $3762
      2013 $3756
      2012 $3756
      2011 $3756
      2010 $3750
      2009 $3426
      2008 $3426
      2007 $3426
      2006 $3288
      2005 $3234
      2004 $3234
      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.

      Second Semester

      Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
      7216 21 Jul 2014 01 Aug 2014 31 Aug 2014 30 Oct 2014 In Person N/A

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