Economics 2(H) includes ECON2102 Macroeconomics 2 with two additional contact hours a week. It is designed for the better performing students who want to extend their exposure to economics beyond that offered in the standard second year courses in microeconomics and macroeconomics.
The Honours component includes advanced material in intermediate microeconomics. It builds on material that students have studied in Microeconomics 2, and is more mathematical (using basic calculus). It gives the students a head start for Microeconomics 3, as well as optional economics units – with topics drawn from public finance, international economics, welfare economics and cost benefit analysis.
Topics include utility and choice, household production, expected utility and choice under uncertainty, general equilibrium models with production, the trade-off between equity and efficiency, the theory of the second best, cost benefit analysis and the social discount rate.
Upon successful completion, students will have the knowledge and skills to:In addition to the learning outcomes for the pass component of this course honours students should have the knowledge and skills to:
• Think for themselves like economists, or at least understand how economists think.
• Recognise the economic issues in a problem and apply the appropriate tools to analyse it.
• Understand the economic tools taught in class and be able to apply them to analyse real world problems and policy issues.
Indicative AssessmentAll the assessment requirements for ECON2102 Macroeconomics 2 plus a final exam on the honours material. Details to be determined in class, in consultation with students and in accordance with ANU policy.
A student must pass both the Pass component and the Honours component to receive the Honours grade (if the student does not meet these requirements, they will be automatically transferred to the ECON2102 course).
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WorkloadOne hour of lecture and one hour of tutorial for ECON2016 plus Two/Three hours of lectures and a one-hour tutorial each week for ECON2102 Macroeconomics 2
Requisite and Incompatibility
Prescribed TextsThere is no prescribed text. A detailed outline, reading list and the associated readings for each topic will be placed on the course wattle web site
Preliminary ReadingReview an intermediate microeconomics textbook such as Steven Landsburg ‘Price theory and applications’ 9th edition, 2013.
Assumed KnowledgeStandard intermediate economics, including an understanding of budget constraints, marginal analysis, and multivariate optimisation. An aptitude for advanced economic thinking.
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- 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 number||Class start date||Last day to enrol||Census date||Class end date||Mode Of Delivery||Class Summary|
|9704||23 Jul 2018||30 Jul 2018||31 Aug 2018||26 Oct 2018||In Person||N/A|