Microeconomic Analysis and Policy is a course in modern microeconomic theory at a Graduate Diploma level. It gives students a solid understanding of basic microeconomic theory and its applications in important policy areas such as tax policy, price regulation, and the environment. The course covers consumption theory, production theory, theories of the competitive market, non-competitive markets, general equilibrium theory, externalities and public goods, and an introduction to game theory.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
Learning OutcomesOn successful completion of this course students will be able to:
(1) Understand the key tools for analysing the microeconomics of competitive markets and externalities.
(2) Analyse microeconomic problems relating to competitive markets and externalities.
(3) Apply microeconomic principles to the assessment of public policies.
Other Information
The course will be delivered on campus, with material posted to the course Wattle site
Indicative Assessment
Assessment will involve two quizzes (10%), a mid-semester examination (30%), and a final examination (60%). All are closed-book.
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.
Workload
3 contact hours per week, including 2 lecture hours and a 1-hour tutorial. Students are expected to study 6 hours a week outside contact hours to satisfactorily complete the course.
Prescribed Texts
Nicholson, W & Snyder, C 2008, Microeconomic Theory: Basic Principles and Extensions, 10th edn, Cengage Learning.
Preliminary Reading
Varian, HR 2010, Intermediate Microeconomics: A Modern Approach, 8th edn, Norton.
Jehle, GA & Reny, PJ 2011, Advanced Microeconomic Theory, 3rd edn, Prentice Hall.
Hoy, M, Livernois, J, McKenna, C, Rees, R & Stengos, T 2011, Mathematics for Economics, 3rd edn, MIT Press.
Assumed Knowledge
Knowledge in calculus and optimisation are essential.
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. 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:
- 2
- 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 | Description |
|---|---|---|
| 1994-2003 | $3576 | |
| 2014 | $3582 | |
| 2013 | $3576 | |
| 2012 | $3576 | |
| 2011 | $3576 | |
| 2010 | $3576 | |
| 2009 | $3576 | |
| 2008 | $3576 | |
| 2007 | $3576 | |
| 2006 | $3576 | |
| 2005 | $3576 | |
| 2004 | $3576 |
- International fee paying students
| Year | Fee |
|---|---|
| 1994-2003 | $4140 |
| 2014 | $4146 |
| 2013 | $4140 |
| 2012 | $4140 |
| 2011 | $4140 |
| 2010 | $4140 |
| 2009 | $4140 |
| 2008 | $4140 |
| 2007 | $4140 |
| 2006 | $4140 |
| 2005 | $4140 |
| 2004 | $4140 |
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.
First Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 3700 | 17 Feb 2014 | 07 Mar 2014 | 31 Mar 2014 | 30 May 2014 | In Person | N/A |