- Code POGO8081
- Unit Value 6 units
- Offered by Crawford School of Public Policy
- ANU College ANU College of Asia and the Pacific
- Course subject Policy and Governance
- Areas of interest Policy Studies
- Academic career PGRD
- Mode of delivery In Person
First Semester 2017
See Future Offerings
This subject seeks to provide a policy officer’s or public sector manager’s guide to basic economic principles and their application to public sector activities. To achieve this, the subject will:
• Emphasize the nature of decision making by individuals, firms and governments and their effect on the allocation of resources. The idea of the efficiency of resource allocation will be emphasised and developed. This will be achieved by providing concrete examples and applications.
• Ensure participants understand the nature and role of markets. This is done by providing an overview of basic economic principles. This will take the form of introduction to the basic language, methods, concepts and frameworks that underpin economic reasoning and logic. This will mostly cover supply and demand of markets (microeconomics), though we will also touch on measurement, growth and operation of the aggregate economy (macroeconomics).
• Ensure participants understand the economic role of government. This will be achieved by providing a framework for understanding both the strengths and limits of markets as a form of social organization and for identifying the precise nature of market failure, the objectives of public policy and the form of intervention including via regulation, service provision, and redistribution.
• Understand the nature of the economic way of thinking, through developing frameworks for determining the relative roles of market and state. This will be done by way of providing particular economic problems as illustrations and by conveying the nature of the tool-kit that the economic profession brings to examination of issues, both economic and beyond economics.
Upon successful completion, students will have the knowledge and skills to:On successful completion of this course, students will be able to
• Understand the tools and insights that economists bring to the study of human activity, the economy and public policy
• Use basic economic analysis in their work as policy administrators and policy makers
• Draw insight from the economic literature and the work of economists when called for in public administration and policy-making
• Appreciate the strengths and weaknesses of the discipline of economics
Weekly tutorial exercises and study questions, assignments and mid-semester and final examinations.
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Requisite and Incompatibility
Prescribed TextsTitle: Principles of Economics
Author: Gans, J., S. King, R. Stonecash, M. Byford, J. Libich and N. G. Mankiw
Publisher: Cengage Learning
Availability: Coop Book Store
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:
- 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.
Offerings, Dates and Class Summary Links
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Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
|Class start date
|Last day to enrol
|Class end date
|Mode Of Delivery
|20 Feb 2017
|27 Feb 2017
|31 Mar 2017
|26 May 2017