- Code IDEC8029
- Unit Value 6 units
- Offered by Crawford School of Public Policy
- ANU College ANU College of Asia and the Pacific
- Course subject International and Developmental Economics
- Academic career PGRD
- AsPr Paul Burke
- Mode of delivery In Person
First Semester 2019
See Future Offerings
This course will explore decision-making by individuals and firms in the context of real-world situations in which behaviour is often strategic in nature and information is imperfect. The course covers a set of key topics in microeconomics, including game theory, decision making under uncertainty, monopoly, imperfect competition, situations of asymmetric information, and an introduction to behavioural economics. A range of policy options available to governments will be analysed.
Upon successful completion, students will have the knowledge and skills to:
On successful completion of this course, students will be able to:
1. Gain an understanding of the implications of relaxing the assumptions of perfect competition, certainty, and full information on market outcomes within basic microeconomic models.
2. Analyse potential policy interventions to deal with issues related to uncertainty, imperfect competition, asymmetric information, and behavioural economics.
3. Present clear analysis of economic issues and problems, and demonstrate capability in using diagrams, algebra, and game theory.
Assessment will involve two quizzes (5% each), a mid-semester exam (30%), and a final exam (60%). All are closed-book.
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Two hours of lecture and one hour of tutorial per week, as well as an average of 6 hours per week on private study and tutorial/assignment preparation.
Nicholson, W & Snyder, C 2015, Intermediate Microeconomics and its Application, 12th edn, Cengage Learning.
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- Unit value:
- 6 units
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