• Offered by Research School of Economics
  • ANU College ANU College of Business and Economics
  • Course subject Economics
  • Areas of interest Economics
  • Academic career UGRD
  • Mode of delivery In Person
  • Offered in First Semester 2020
    Second Semester 2020
    See Future Offerings

Building upon material introduced in Microeconomics 1, this course aims to provide a solid understanding of basic microeconomic theory and the ability to apply those tools and ideas. Models describing the economic behaviour of individual decision-makers and the outcomes of markets are developed and applied to examine the welfare of market participants. Questions addressed include: What influences consumer demand decisions and how? How do firms decide on how much to produce and how much inputs to use? How do prices function to coordinate economic activity? What is meant by economic efficiency? When do markets fail to achieve efficient outcomes? Training in economic analysis is achieved via weekly tutorials that go over problem sets linked to material presented in lecture. Overall, the course takes an analytical approach emphasising rigorous logical reasoning and economic problem solving.

Learning Outcomes

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

  1. describe the main microeconomic/neoclassical theory of consumer and producer behaviour
  2. apply economic concepts to solve for choices made by consumers and producers
  3. assess the economic efficiency of market outcomes for different market structures, in the presence of externalities, and/or when influenced by government intervention
  4. compare and contrast the information needed for markets or for the government to allocate resources efficiently

Other Information

Indicative Assessment

  1. Assessment will consist of a Final Exam, mid-semester exam(s) and in-class quizzes, or some combination thereof. See the course outline for details. (null) [LO null]

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Workload

Three lectures and one tutorial per week

Inherent Requirements

Not applicable

Requisite and Incompatibility

To enrol in this course you must have completed ECON1101 Microeconomics 1

Prescribed Texts

Nicholson, W., & Snyder, C., 2015, Intermediate Microeconomics and its Applications, 12th edition, Cengage Learning, USA.

Majors

Fees

Tuition fees are for the academic year indicated at the top of the page.  

If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.

Student Contribution Band:
3
Unit value:
6 units

If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees.  Where there is a unit range displayed for this course, not all unit options below may be available.

Units EFTSL
6.00 0.12500
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

The list of offerings for future years is indicative only.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

First Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
2306 24 Feb 2020 02 Mar 2020 31 Mar 2020 29 May 2020 In Person N/A

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
8012 27 Jul 2020 03 Aug 2020 31 Aug 2020 30 Oct 2020 In Person N/A

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