The course provides an introduction to the form, content and reasoning of economics, both in microeconomics and macroeconomics, as a basis for understanding economic dimensions of government policy, particularly industry policy.
The course will cover the major building blocks of micro-economics in terms of individual firms, consumers and workers, aggregating these to markets and their operation in national and international economies. This provides a basis for examining the structure of analysis behind major issues such as industry policy and tariffs as well as competition policy and micro-economic reform, inflation and unemployment.
The course is aimed at students with no prior or recent tertiary study in economics.
Topics covered include:
- An introduction to economics
- Supply and Demand
- Markets and Welfare
- Market failure
- The importance of market structure
- Factor markets
- Macroeconomics Concepts and Measures
- Long-run Economic Change
- Stabilisation Policy
- International Economic Relations
Indicative Assessment
Two examinations, 50% eachThe 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
Weekly lectures (see timetable) plus tutorial as arrangedRequisite and Incompatibility
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:
- 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 |
|---|---|
| 2015 | $3762 |
- International fee paying students
| Year | Fee |
|---|---|
| 2015 | $4566 |
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.