- Class Number 9723
- Term Code 2960
- Class Info
- Unit Value 6 units
- Mode of Delivery In Person
- Prof Robert Breunig
- Prof Robert Breunig
- Class Dates
- Class Start Date 22/07/2019
- Class End Date 25/10/2019
- Census Date 31/08/2019
- Last Date to Enrol 29/07/2019
- Matthew Taylor
This course presents a systematic way of thinking about economic principles and the role of government. The course will ensure participants understand the nature and role of markets. Governments interact with the economy in general and markets at all levels, ranging from market design to hybrid public-private programs, from policies designed to provide incentives or disincentives to market and other behaviours, to incorporating behavioural and economic principles in government itself. The course will identify the economy and how we measure it. It will frame public budgeting for the financing of government through taxation, borrowing and other means and will introduce concepts of deficit and government debt, fiscal austerity, economic stimulus and other fiscal policy approaches.
The course will provide a framework for understanding 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 forms of government intervention, for example by regulation, expenditures, service provision, redistribution and taxation. Participants will examine the efficiency of resource allocation in the economy as a whole and at the micro level in decision making by individuals, firms and government actors. The idea of the efficiency of resource allocation will be emphasised and developed by providing concrete examples and applications.
Upon successful completion, students will have the knowledge and skills to:Upon successful completion of this course, students will have the knowledge and skills to:
• Demonstrate deep knowledge and understanding of the role of governments and markets and economic principles including the key debates in Australia and a global context
• Evaluate key concepts of the economy including measurement, national income, growth
• Critically analyse core monetary institutions, the concept of money and monetary policy
• Describe the budget and government fiscal framework and to evaluate fiscal policy settings in complex economic environments including fiscal policy instruments and constraints
• Demonstrate understanding of an introduction to tax and welfare policy and public goods
Examination Material or equipment
To be provided.
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
Notes: Some weekly assignment questions will be assigned out of this textbook. It is the student's responsibility to obtain and answer the correct question from the seventh edition of the textbook.
Hybrid Public Policy Innovations: Contemporary Policy Beyond Ideology
Author: Mark Fabian and Robert Breunig
Microeconomics: Case studies and applications
Author: Jeffrey Borland
Author: Daron Acemoglu, David Laibson and John List
Staff FeedbackStudents will be given feedback in the following forms in this course:
- Written comments
- Verbal comments
- Feedback to the whole class, to groups, to individuals, focus groups
Student FeedbackANU 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.
|Week/Session||Summary of Activities||Assessment|
|1||Week 1: Review of Economic Way of Thinking & Quiz One||Chapters 1-2, 4-6 of PoE* *PoE: Principles of Economics, 7th Asia-Pacific Edition|
|2||Week 2: Review||Chapters 7-8, 10-11 of PoE*|
|3||Week 3: Introduction to impact evaluation||Cobb-Clark and Crossley (2003); Chapter 7 of Hybrids^ & TBD ^Hybrids: Hybrid Public Policy Innovations: Contemporary Policy Beyond Ideology|
|4||Week 4a: Evidence: correlation, causation and the hierarchy of evidence Week 4b: Introduction to social policy and the role of government; What do markets do well? What does government do well? How can they be blended?||Chapters 1 and 5 of Hybrids^ & Barr (1992)|
|5||Week 5: Education||Chapters 8 of Hybrids and Jacob and Ludwig (2009)|
|6||Week 6: Labour markets||Chapters 19, 20 and 28 of PoE and Chapter 9 of Hybrids|
|7||Week 7: Income Support Policy||Barr (1992) & TBD|
|8||Week 8: Health||Chapter 12 of Hybrids^ and TBD|
|9||Week 9: Gender equality||Chapter 20 of PoE* & Eswaran (2014)|
|10||Week 10: Topic TBA||TBA|
|11||Week 11: Case study presentations|
|12||Week 12: Case study presentations|
After the first lecture.
|Assessment task||Value||Due Date||Return of assessment|
|Weekly study questions||10 %||31/07/2019||05/08/2019|
|Public policy and economics case study||25 %||16/10/2019||28/11/2019|
|Evaluation assignment||15 %||14/10/2019||28/11/2019|
|Final examination||40 %||31/10/2019||28/11/2019|
* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details
PoliciesANU 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:
Assessment RequirementsThe 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 AssessmentMarks 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.
There is a final examination.
Assessment Task 1
Weekly study questions
Due every Wednesday, 12:00 noon from 31 July.
Further instructions to be provided in lecture and on Wattle.
Feedback will be provided by noon the following Monday.
Assessment Task 2
Two quizzes to be given during the semester, the first quiz will be given in week one and the second quiz will be given sometime in weeks 5 through 12. The timing of the second quiz will be announced in lecture at least one week in advance.
Quiz one: 24/07/2019
Quiz two: TBD - feedback will be provided within 2 weeks.
Assessment Task 3
Public policy and economics case study
Due in two stages: Group presentations on Wednesday 16 October and Wednesday 23 October.
Personal reflection due Monday 4 November, 11:55 pm.
Detailed assessment instructions will be provided on Wattle.
Assessment Task 4
Instructions to be given in first week of semester.
Assessment Task 5
More information to be provided during lectures.
Final examination will be held during the examination period with the specific date to be confirmed by the ANU examination office
Academic IntegrityAcademic 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.
Online SubmissionThe ANU uses 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. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Hardcopy SubmissionFor 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. No extensions will be given.
Referencing RequirementsAccepted 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 PenaltiesExtensions 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 policyAcademic 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 studentsThe 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
Prof Robert Breunig
Prof Robert Breunig