- Class Number 4890
- Term Code 3030
- Class Info
- Unit Value 6 units
- Mode of Delivery Online
- Dr Dana Hanna
- Dr Dana Hanna
- Class Dates
- Class Start Date 24/02/2020
- Class End Date 05/06/2020
- Census Date 08/05/2020
- Last Date to Enrol 02/03/2020
- Dr Bora Buth
The course examines how individuals and firms make decisions by weighing up costs and benefits, and how the interaction of their decisions leads to market and social outcomes. The model of market supply and demand is employed to examine the effects of taxes, subsidies, and other government interventions in market activity. The implications of different market structures, including perfect competition and monopoly, are examined. Public goods, externalities and common resources are key examples of cases in which private markets may yield socially sub-optimal outcomes. Such cases are examined and the role of government policy in correcting for these is discussed.
Upon successful completion, students will have the knowledge and skills to:
- demonstrate an understanding of the economic principles that underpin modern economics;
- have a basic understanding of the way budget constrained individuals make optimising choices and the way resources are allocated in private markets;
- demonstrate an understanding of the role of different trading arrangements in markets and their impact on prices and the quantities traded;
- use basic economic principles to evaluate the effects of government interventions and other exogenous changes in markets;
- evaluate the effects of government interventions in markets;
- present clearly written analysis of economic issues and problems
Theory and examples covered in the course are derived from research in the field of economics. In addition, students will have the opportunity to themselves engage in a small research tasks to problem solve throughout the semester.
Examination Material or equipment
The only permitted materials for an exam will be non-programmable calculators.
Text Book: Acemoglu, D., Laibson, D., and List, J.A, 2019, Microeconomics, Global Edition, 2nd Edition, Pearson, Australia. You can purchase the textbook from the bookstore on campus, and a copy will also be available for short term loan in the Chifley Library.
This text book is also available as an e-book from the ANU Library resources.
Students will be given feedback in the following forms in this course:
- Answers to on-line quizzes will be provided in lectures
- Brief written comments will be given on in-tutorial quizzes
- Feedback on mid-semester exam will be given to the whole of class during lectures
- verbal feedback will be given to students seeking such via discussion with the tutors and/or lecturer during consultation
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.
|Week/Session||Summary of Activities||Assessment|
|1||Introduction (Chapters 1, 2 & 3) Demand (Chapter 4)|
|2||Demand and Consumers (Chapter 4)|
|3||Supply and Producers (Chapters 4 & 6)||on-line quiz (1)|
|4||Equilibrium (Chapter 7)|
|5||Competitive Markets (Chapter 7)||on-line quiz (2)|
|6||Trade (Chapter 8)||Problem Set 1|
|7||Externalities & Public Goods (Chapter 9)||on-line quiz (3)|
|8||Role of the Government (Chapter 10)|
|9||Market Structure: Monopoly (Chapter 11)||on-line quiz (4)|
|10||Game Theory and Strategic Play (Chapter 13)||Problem Set 2|
|11||Oligopoly and Monopolistic Competition (Chapter 14)||on-line quiz (5)|
|12||Behavioural Economics (Chapter 18) & Revision|
Given this is an off-campus offering of the course no tutorial registration is necessary. However, tutorial questions and answers will be uploaded to Wattle with the expectation that you will work through them in your own time. In addition, a Wattle Forum will be available for you to ask questions and receive responses from the ECON1101 Teaching Team.
|Assessment task||Value||Due Date||Return of assessment||Learning Outcomes|
|On-line quizzes||10 %||*||*||1,2,3,4,5|
|Problem Set 1||5 %||30/03/2020||20/04/2020||1,2,3,4,5,6|
|Problem Set 2||5 %||11/05/2020||25/05/2020||1,2,3,4,5,6|
|Final Exam||80 %||*||*||1,2,3,4,5,6|
* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details
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. 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.
See Assessment Task 4.
Assessment Task 1
Learning Outcomes: 1,2,3,4,5
Five (5) times during the semester there will be an on-line quiz testing knowledge covered in the preceding weeks lectures and/or tutorials. Each quiz will be worth 10 points and count for 2% to your final grade. The quizzes will be available with at least 2 days notice and be open for a period of 4 days. However, you will only have approximately 1 hour to complete the quiz and you can only attempt the quiz once. There will be instructions at the beginning of each quiz. Make sure you read them thoroughly before commencing. If you miss a quiz for a legitimate reason, documentation will need to be provided to email@example.com, and your remaining quizzes will be re-weighted. Quiz answers will be provided upon closure of the quiz and further detailed answers provided on Wattle.
Assessment Task 2
Learning Outcomes: 1,2,3,4,5,6
Problem Set 1
The problem set will consist of short answer questions covering topics delivered in lectures from weeks 1 to 5. Questions will be available at the end of week 4 with the submission due in week 6. The problem set is worth 5% of the total grade for the course. Answers are to be handed in via the Turnitin function on the wattle page. Your problem set will be marked and returned to you via email.
Assessment Task 3
Learning Outcomes: 1,2,3,4,5,6
Problem Set 2
The problem set will consist of short answer questions covering theory delivered in lectures from weeks 1 to 9 (focusing on topics covered in weeks 6-9). Questions will be available at the end of week 8 with the submission due in week 10. The problem set is worth 5% of the total grade for the course. Answers are to be handed in via the Turnitin function on the wattle page. Your problem set will be marked and returned to you via email.
Assessment Task 4
Learning Outcomes: 1,2,3,4,5,6
A final exam will be held on campus during the ANU final exam period. The exam will cover material presented throughout the entire course. The final exam is compulsory to attend and will count 80% to your final grade. The exam involves short and longer style questions/answers (similar in style to the Problem Sets). Length of the exam is 3 hours (plus reading time). Past Exams papers will be made available closer to the time of the exam. Further details will be given in lectures.
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.
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.
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. Extensions may be granted 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.
Resubmission of Assignments
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
Microeconomics, Applied microeconometrics, labour economics, education economics.
Dr Dana Hanna
Dr Dana Hanna