- Class Number 7467
- Term Code 3060
- Class Info
- Unit Value 6 units
- Mode of Delivery In Person
- AsPr Jose Rodrigues Neto
- 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
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:
- understand 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;
- understand 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;
- be able to evaluate the effects of government interventions in markets;
- present clearly written analysis of economic issues and problems
This course uses concepts that are present in research articles and are intensively investigated by researchers. Topics are directly relevant to current cutting-edge research.
Additional Course Costs
Examination Material or equipment
Have webcam and internet available.
textbook “Microeconomics” Eighth Edition, Global Edition, by Jeffrey M. Perloff.
Pearson (Pearson Education Limited 2018)
ISBN 10: 1-292-21562-3
ISBN 13: 978-1-292-21562-4
Availability of an online version is currently being investigated and information will be advertised when known.
Slides of classes will be available on Wattle.
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
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||scientific methods, scope of microeconomics||chapter 1|
|2||review of secondary school mathematics||chapter 2|
|3||supply and demand in a market economy||chapter 3|
|4||price floors and ceilings, profit maximization||chapter 4, homework 1 deadline|
|5||gains from trade, production-possibility frontier||chapter 5|
|6||technology and costs, market power and the monopoly||chapter 6|
|7||congestion, rival goods, excludable goods, private goods, common-pool resources||chapter 7|
|8||weak preference relations, utility function||chapter 8, homework 2 deadline|
|9||indifference curves, utility maximization||chapter 9|
|10||introduction to general equilibrium||chapter 10|
|11||introduction to game theory||chapter 11|
|12||oligopolies, sequential games, subgame perfect equilibrium||chapter 12, homework 3 deadline|
Tutorials will be delivered remotely. More details will be available on Wattle in O-week.
|Assessment task||Value||Learning Outcomes|
|Homework 1||33 %||1,2|
|Homework 2||33 %||1,2,3,4,5|
|Homework 3||34 %||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 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. Students are expected to study continuously. There will be opportunities for students to engage with the lecturer. Details will be available on Wattle.
Assessment Task 1
Learning Outcomes: 1,2
Homework 1 deadline in week 4. Questions will be posted on Wattle 24 hours before the deadline. Marked homework will be completed 2 weeks after the deadline. Covers all contents of the course taught before the deadline. Late homework will not be accepted. More information on Wattle by week 3.
Assessment Task 2
Learning Outcomes: 1,2,3,4,5
Homework 2 deadline in week 8. Questions will be posted on Wattle 24 hours before the deadline. Marked homework will be completed 2 weeks after the deadline. Covers all contents of the course taught before the deadline. Late homework will not be accepted. More information on Wattle by week 7.
Assessment Task 3
Learning Outcomes: 1,2,3,4,5,6
Homework 3 deadline in week 12. Questions will be posted on Wattle 24 hours before the deadline. Marked homework will be completed 2 weeks after the deadline. Covers all contents of the entire course. Late homework will not be accepted. More information on Wattle in week 10.
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.
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.
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.
Please refer to information provided above.
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