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.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

1. Understand the main models of decision-making by economic agents, such as consumers or firms, in environments with and without uncertainty;
2. Distinguish between market-based and strategic models of interacting economic agents, and use such models to analyse economic problems;
3. Be able to analyse economic models using both intuitive graphical and formal theoretical methods.

Research-Led Teaching

The course covers concepts, methodologies and techniques that form the foundation of modern research in all fields of economics.

Examination Material or equipment

You will be provided with a calculator (HP Scientific Calculator 300s+) for the midsemester and final examinations.

Required Resources

You will need access to a calculator to complete exercises required for this course. You will be provided with a calculator (HP Scientific Calculator 300s+) for the mid semester and final examinations.

Recommended Resources

Recommended Textbooks

• Hal R. Varian, Intermediate Microeconomics with Calculus, W.W. Norton, 2014

Copies of this textbook are available in the Chifley Library.

Staff Feedback

Students will be given feedback in the forms of verbal feedback during and after lectures and tutorials. Mid term exam will be marked and solution given. Individual feedback and help with lecture material and tutorial problems is available during office hours.

Student Feedback

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.

Other Information

Attendance

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.

Scaling

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.

Class Schedule

Week/Session	Summary of Activities	Assessment
1	Preferences, utilities and choices	Tutorial activities
2	Preferences, utilities and choices	Tutorial activities
3	Classical utility and demand theory	Tutorial activities
4	Firms and production	Tutorial activities
5	Firms and production	Tutorial activities
6	Firms and production	Tutorial activities
7	Equilibrium and exchange economies	Tutorial activities
8	Equilibrium and exchange economies	Tutorial activities
9	Choice under uncertainty	Tutorial activities
10	Choice under uncertainty	Tutorial activities
11	Strategic games and Nash equilibrium	Tutorial activities
12	Extensive games	Tutorial activities

Tutorial Registration

via Wattle

Assessment Summary

Assessment task	Value	Due Date	Return of assessment	Learning Outcomes
Weekly tutorial activities - 10%	10 %	22/07/2019	25/10/2019	1,2, 3
Mid term exam - 30%	30 %	03/08/2019	05/10/2019	1,2,3
Final Examination - 60%	60 %	31/10/2019	16/11/2019	1,2,3

* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details

Policies

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:

• Student Assessment (Coursework) Policy and Procedure
• Special Assessment Consideration Policy and General Information 
• Student Surveys and Evaluations
• Deferred Examinations
• Student Complaint Resolution Policy and Procedure

Assessment Requirements

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. In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.

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

Weekly tutorial activities - 10%

Short discussion or quizzes will be administered in tutorials throughout the semester. Each activity counts 2 points. That is, students potentially can get full 10 marks with 5 activities. Tutorial discussions will be facilitated by the tutor and students will receive feedback during the tutorials. Quizzes will be marked and returned to the students during the next tutorial. There will be a quiz before or on week 5. No make up discussion/quizzes will be available. This assessment category is fully redeemable. If students perform better in the final exam, the 10% mark will be allocated to the final exam.

Assessment Task 2

Mid term exam - 30%

One mid term exam to be held in week 6 or week 7. The mid term will have 2 hours writing time and 10 minutes reading time. Students will be given their marks as feedback. An answer guide will also be given and discussed. Students can also seek individual feedback during the office hours. The mid term exam is fully redeemable and optional. If your percentage mark on the final exam is higher than on the mid term, or if you do not sit the mid term, then its weight will be transferred to the final exam.

You will need access to a calculator to complete exercises required for this course. You will be provided with a calculator (HP Scientific Calculator 300s+) for the Mid term examination.

 

Assessment Task 3

Final Examination - 60%

The final exam is potentially worth 60% or 70% or 90% or 100%, depending on your performance in the tutorial activities and mid term exam. 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.

You will need access to a calculator to complete exercises required for this course. You will be provided with a calculator (HP Scientific Calculator 300s+) for the final examination.

Academic Integrity

Academic integrity is a core part of the ANU culture as a community of scholars. At its heart, academic integrity is about behaving ethically, committing to honest and responsible scholarly practice and upholding these values with respect and fairness.

The ANU commits to assisting all members of our community to 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 be familiar with the academic integrity principle and Academic Misconduct Rule, 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 Academic Misconduct Rule is in place to promote academic integrity and manage academic misconduct. Very minor breaches of the academic integrity principle may result in a reduction of marks of up to 10% of the total marks available for the assessment. The ANU offers a number of online and in person services to assist students with their assignments, examinations, and other learning activities. Visit the Academic Skills website for more information about academic integrity, your responsibilities and for assistance with your assignments, writing skills and study.

Online Submission

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) submission must be through Turnitin.

Hardcopy Submission

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.

Late Submission

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.

Referencing Requirements

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.

Privacy Notice

The ANU has made a number of third party, online, databases available for students to use. Use of each online database is conditional on student end users first agreeing to the database licensor’s terms of service and/or privacy policy. Students should read these carefully. In some cases student end users will be required to register an account with the database licensor and submit personal information, including their: first name; last name; ANU email address; and other information.
In cases where student end users are asked to submit ‘content’ to a database, such as an assignment or short answers, the database licensor may only use the student’s ‘content’ in accordance with the terms of service – including any (copyright) licence the student grants to the database licensor. Any personal information or content a student submits may be stored by the licensor, potentially offshore, and will be used to process the database service in accordance with the licensors terms of service and/or privacy policy.
If any student chooses not to agree to the database licensor’s terms of service or privacy policy, the student will not be able to access and use the database. In these circumstances students should contact their lecturer to enquire about alternative arrangements that are available.

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