- Class Number 2560
- Term Code 2930
- Class Info
- Unit Value 6 units
- Mode of Delivery In Person
- Dr Ronald Stauber
- Dr Ronald Stauber
- Class Dates
- Class Start Date 25/02/2019
- Class End Date 31/05/2019
- Census Date 31/03/2019
- Last Date to Enrol 04/03/2019
Microeconomics provides the principal modelling tools and frameworks that are used in all fields of economics. The corresponding techniques are built on models of decision-making by economic agents, in environments with and without uncertainty, and on the analysis of interacting economic agents, in various settings such as markets or strategic situations. This course introduces the main techniques of microeconomics, at a level that lies between that of typical undergraduate courses, and that of Masters or PhD level courses. The results are presented and analysed using both intuitive graphical and formal mathematical methods. An important aim of the course is to show that the intuition gained from simple graphical models, and the insight derived from formal theoretical analysis are complementary, and that only the interplay between economic intuition and abstract results can lead to a complete understanding of the respective models and the conclusions drawn from their analysis.
Upon successful completion, students will have the knowledge and skills to:
- Understand the main models of decision-making by economic agents, such as consumers or firms, in environments with and without uncertainty;
- Distinguish between market-based and strategic models of interacting economic agents, and use such models to analyse economic problems;
- Be able to analyse economic models using both intuitive graphical and formal theoretical methods.
The course covers concepts, methodologies and techniques that form the foundation of modern research in all fields of economics.
Examination Material or equipment
Non-programmable calculators are permitted in exams.
- Hal R. Varian, Intermediate Microeconomics with Calculus, W.W. Norton, 2014
- Martin J. Osborne, An Introduction to Game Theory, Oxford University Press, 2004
See the following ANU Library reading list for available textbooks and additional readings:
Students will be given feedback in the forms of verbal feedback during and after lectures and tutorials, and individual feedback and help with lecture material and tutorial problems, as well as discussions of solutions to online quizzes and in-class tests, during office hours.
ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.
This is an on-campus course. Students are expected to regularly attend all lectures and tutorials. Lecture recordings are not a substitute for class attendance.
Your final mark for the course will be based on the raw marks allocated for each of your assessment items. However, your final mark may not be the same number as produced by that formula, as marks may be scaled. Any scaling applied will preserve the rank order of raw marks (i.e. if your raw mark exceeds that of another student, then your scaled mark will exceed the scaled mark of that student), and may be either up or down.
|Week/Session||Summary of Activities||Assessment|
|1||Preferences, utilities and choices|
|2||Classical utility and demand theory|
|3||Firms and production|
|4||Equilibrium and exchange economies|
|5||Choice under uncertainty|
|6||Strategic games and Nash equilibrium|
|Assessment task||Value||Due Date||Return of assessment||Learning Outcomes|
|Weekly online quizzes - 20%||20 %||25/02/2019||06/06/2019||1,2, 3|
|In-class tests - 20%||20 %||04/03/2019||06/06/2019||1,2,3|
|Final Examination - 60%||60 %||06/06/2019||04/07/2019||1,2,3|
ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:
The ANU is using 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. For additional information regarding Turnitin please visit the ANU Online website. Students may choose not to submit assessment items through Turnitin. In this instance you will be required to submit, alongside the assessment item itself, hard copies of all references included in the assessment item.
Moderation of Assessment
Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.
Assessment Task 1
Learning Outcomes: 1,2, 3
Weekly online quizzes - 20%
Short online quizzes will be administered through Wattle during every week of the semester, starting in week 1. The submission deadline for quizzes will all be at 1pm on Thursday, before the start of the first tutorial for the respective week. No late submission of answers will be accepted, and no make-up quizzes will be administered if you miss one of the quizzes. Each quiz will open on Friday of the week before it is due, so you should plan to submit your answers well in advance of the submission deadline, to avoid any computing problems or accidents.
Assessment Task 2
Learning Outcomes: 1,2,3
In-class tests - 20%
Two short (up to 1 hour) in-class tests will be administered during scheduled lecture hours, at a time to be announced on Wattle. The tests are both fully redeemable and optional. If your percentage mark on the final exam is higher than on a test, or if you do not sit a test, then its weight will be transferred to the final exam.
Assessment Task 3
Learning Outcomes: 1,2,3
Final Examination - 60%
The final exam is potentially worth 60% or 70% or 80%, depending on your performance in the in-class tests. The final exam will be comprehensive, in the sense that questions may be drawn from all the topics discussed during the semester.
The exam will be scheduled during the end-of-semester examination period, and will consist of 15 minutes reading time and 3 hours writing time.
Academic integrity is a core part of our culture as a community of scholars. At its heart, academic integrity is about behaving ethically. This means that all members of the community commit to honest and responsible scholarly practice and to upholding these values with respect and fairness. The Australian National University commits to embedding the values of academic integrity in our teaching and learning. We ensure that all members of our community understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with. The University has policies and procedures in place to promote academic integrity and manage academic misconduct. Visit the following Academic honesty & plagiarism website for more information about academic integrity and what the ANU considers academic misconduct. The ANU offers a number of services to assist students with their assignments, examinations, and other learning activities. The Academic Skills and Learning Centre offers a number of workshops and seminars that you may find useful for your studies.
You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) as submission must be through Turnitin.
For some forms of assessment (hand written assignments, art works, laboratory notes, etc.) hard copy submission is appropriate when approved by the Associate Dean (Education). Hard copy submissions must utilise the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.
No submission of assessment tasks without an extension after the due date will be permitted. If an assessment task is not submitted by the due date, a mark of 0 will be awarded.
Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.
Extensions and Penalties
Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. The Course Convener may grant extensions for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.
Distribution of grades policy
Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes.
Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.
Support for students
The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).
- ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
- ANU Diversity and inclusion for students with a disability or ongoing or chronic illness
- ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
- ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
- ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
- ANUSA supports and represents undergraduate and ANU College students
- PARSA supports and represents postgraduate and research students
Dr Ronald Stauber