- 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:
- Gain an understanding of the implications of relaxing the assumptions of perfect competition, certainty, and full information on market outcomes within basic microeconomic models.
- Analyse potential policy interventions to deal with issues related to uncertainty, imperfect competition, asymmetric information, and behavioural economics.
- Present clear analysis of economic issues and problems, and demonstrate capability in using diagrams, algebra, and game theory.
- Two quizzes worth 5% each (10) [LO 1,2,3]
- Mid-semester exam (30) [LO 1,2,3]
- Final exam (60) [LO 1,2,3]
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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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- Student Contribution Band:
- Unit value:
- 6 units
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