• Offered by Policy and Governance Program
  • ANU College ANU College of Asia and the Pacific
  • Classification Advanced
  • Course subject Policy and Governance
  • Academic career PGRD
  • Course convener
    • Dr Shiro Armstrong
  • Mode of delivery In Person
  • Offered in First Semester 2015
    See Future Offerings

Microeconomics examines how consumers and firms make decisions under conditions of scarcity and how they interact with each other in markets. It also examines the effects of government policy and actions on market outcomes. The economic way of thinking provides a decision-making framework for individuals, corporate managers, and policy-makers. This course aims to provide students with a solid understanding of basic microeconomic principles and the ability to apply those tools and ideas. Topics include comparative advantage, consumer and firm decision-making, supply and demand, market structure, international trade, and market failure.

 

 

Learning Outcomes

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

On successful completion of this unit you will be able to:

  • Demonstrate a solid understanding of "the economic way of thinking".
  • Demonstrate a solid understanding of the principles of supply and demand, including consumer and firm behaviour.
  • Demonstrate a solid understanding of market structure, performance and failure.
  • Be able to explain the effects of different government interventions in markets.
  • Present in written form arguments using both economic reasoning and actual evidence.

Other Information

Delivery mode:

on campus, weekly based.  

Indicative Assessment

1. Examinable Tutorial Tests (10%)

2. Short Essay (25%)

3. Mid-Semester Exam (25% - redeemable)

4. Final Exam - (40% or 65%)

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

The course will be delivered over 13 weeks, involving a 2-hour lecture and a 1.5-hour tutorial each week. Students will also be expected to spend a minimum of six hours per week reading the textbook, revising lecture notes and preparing for tutorials.

Requisite and Incompatibility

Incompatible with POGO8081

Prescribed Texts

Robert Frank, Sarah Jennings and Ben S. Bernanke, 2011, Principles of Microeconomics, 3rd Edition, McGraw Hill Australia

The 1st and 2nd Australian editions and American editions of this text are also acceptable.

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:
1
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
2015 $3762
International fee paying students
Year Fee
2015 $4566
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 Class Summary
2115 16 Feb 2015 06 Mar 2015 31 Mar 2015 29 May 2015 In Person N/A

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