• Class Number 7293
  • Term Code 3060
  • Class Info
  • Unit Value 6 units
  • Mode of Delivery In Person
    • Prof Rohan Pitchford
  • Class Dates
  • Class Start Date 27/07/2020
  • Class End Date 30/10/2020
  • Census Date 31/08/2020
  • Last Date to Enrol 03/08/2020
SELT Survey Results

Economics 3 (H) is a prerequisite for entry into the Economics IV honours programme. It helps determine whether a student is admitted to the programme and helps prepare students for it.


The course provides an introduction to the formal analysis of a variety of topics to help prepare students for their honours year coursework and thesis and broaden their exposure to applications of economics. The course introduces new topics not covered in previous economics courses in the major and also extends and applies some familiar topics. Microeconomic principles will be applied to examine topics from microeconomic theory, public economics, labour economics, welfare economics, general equilibrium, financial economics, law and economics, international trade theory, and industrial organisation. Applications and public policy issues examined include asset pricing, the social discount rate, environmental economics, regulation of natural monopoly, traffic congestion, choice under uncertainty and over time, and taxation

Learning Outcomes

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

Upon a successful completion of this course, students will be able to:

  • Think for themselves like economists, or at least understand how economists think.
  • Recognise the economic issues in a problem and apply the appropriate tools to analyse it.
  • Understand the economic tools taught in class and be able to apply them to analyse real world problems and policy issues.

Research-Led Teaching

The course is informed by the convenors research and includes material directly from journal articles.

Required Resources

Journal articles and free lecture notes available online.

Journal articles and free lecture notes available online.

Staff Feedback

Students will be given feedback in the following forms in this course:

  • written comments
  • verbal comments
  • feedback to whole class, groups, individuals, focus group etc

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.

Class Schedule

Week/Session Summary of Activities Assessment
1 Walrasian Model
2 Walrasian Model
3 Walrasian Model Optional problem set due
4 Radner Model and Financial Markets
5 Radner Model and Financial Markets Optional problem set due
6 Banking and Stability Mid-semester Quiz
7 Competition with Private Information
8 Liquidity and Credit Optional problem set due
9 Liquidity and Credit
10 Private vs. Public Ownership Optional problem set due
11 Two sided Markets Optional problem set due
12 Testing Game Theory

Tutorial Registration

Details regarding Tutorials will be available on Wattle in O-week.

Assessment Summary

Assessment task Value Learning Outcomes
Problem Sets 2 % 1,2,3
Mid-semester Quiz 30 % 1,2,3
Final exam 70 % 1,2,3

* 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:

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 Academic Integrity . 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.


This is a remote course. Attendance at all teaching events, while not compulsory, is expected in line with “Code of Practice for Teaching and Learning”, clause 2 paragraph (b).

 In addition, tutorials are a discussion-based class.


See assessment task 3

Assessment Task 1

Value: 2 %
Learning Outcomes: 1,2,3

Problem Sets

Tutorial questions made available on Wattle. These problem sets are not compulsory but feedback will be given to students during class on those aspects where students struggled. Each problem set has a due date which will be available on the work sheet, but they are due in weeks 3, 5, 8, 10 and 11.

A satisfactory attempt of each problem set will earn a maximum of 0.5% up to a total of 2%.

Work will be submitted via Turnitin.

Assessment Task 2

Value: 30 %
Learning Outcomes: 1,2,3

Mid-semester Quiz

To be held in either week 6 or week 7 of the semester.

One hour mix of short and longer answer questions.

Worth 30% of the final grade.

Optional and redemptive.

No permitted materials.

Coverage is potentially all material in lectures, readings and tutorials up to the last lecture before the mid-term. More information will be provided on Wattle in Week 4.

Assessment Task 3

Value: 70 %
Learning Outcomes: 1,2,3

Final exam

Two hours mix of short and longer answer questions.

Worth 70% of the final grade.


No permitted materials.

Coverage is potentially all material in lectures, readings and tutorials in the entire course. More information will be provided on Wattle in Week 10.

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

Individual assessment tasks may or may not allow for late submission. Policy regarding late submission is detailed below:

  • Late submission not permitted. If submission of assessment tasks without an extension after the due date is not permitted, 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. 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.

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).

Prof Rohan Pitchford
5 1374

Research Interests

Contract Theory

Prof Rohan Pitchford

By Appointment

Responsible Officer: Registrar, Student Administration / Page Contact: Website Administrator / Frequently Asked Questions