- Class Number 7595
- 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
This course continues the discussion of microeconomic theory at the graduate level, as started in ECON8011 Microeconomic Theory A. It will cover topics in microeconomic theory that extend beyond those covered in ECON8011. Topics might include applications of game theory, the economics of information, contract theory, and mechanism design. Students are expected to have the ability to follow rigorous abstract arguments, as used in the construction and analysis of mathematical models in economics.
Upon successful completion, students will have the knowledge and skills to:
- Understand theoretical models that economists typically use; models that form the basis of current research in advanced microeconomics;
- Explain and understand the associated empirical implications and policy issues where applicable;
- Evaluate the contribution of some recently created knowledge in microeconomics;
- Synthesize some of the recently created knowledge in microeconomics;
- Be ready to identify a research topic and undertake an independent research.
The course is informed by the convenors research and includes material directly from journal articles.
Journal articles and free lecture notes available online.
Journal articles and free lecture notes available online.
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||Contracts with Moral Hazard|
|2||Contracts with Moral Hazard|
|3||Contracts with Moral Hazard||Optional problem set due|
|4||Mechanism Design: Self Selection Constraints|
|5||Mechanism Design: Self Selection Constraints||Optional problem set due|
|6||Mechanism Design: Self Selection Constraints|
|8||Topics on Financial Contracting||Optional problem set due|
|9||Topics on Financial Contracting|
|10||Topics on Financial Contracting||Optional problem set due|
|11||Topics on Financial Contracting||Optional problem set due|
|12||Topics on Financial Contracting|
Details on Tutorials will be provided in Wattle in O-week.
|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:
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.
Due to travel restrictions this course will be delivered through online platforms. Aspects of the delivery will be asynchronous. However, there will be synchronous activities also taking place. Details on the delivery of this course and expectations of student participation are outlined in further detail on the Wattle course site in O-week.
See assessment task 3
Assessment Task 1
Learning Outcomes: 1,2,3
Tutorial questions made available on Wattle. Feedback on questions students have struggled with will be provided in class. Due dates for each problem set will be noted in the handout, and will be during weeks 3, 5, 8, 10 and 11. Each problem set has a due date: please submit either a scan or a photocopy of your work.
A satisfactory attempt of each problem set will earn a maximum of 0.5% up to a total of 2%.
Turnitin used for submission.
Assessment Task 2
Learning Outcomes: 1,2,3
One hour mix of short and longer answer questions. Worth 30% of the final grade.
Optional and redemptive.
Coverage is potentially all material in lectures, readings and tutorials up to the last lecture before the mid-term.
The Exam will be held in either week 6 or 7. More information will be available on Wattle two weeks before the exam.
Assessment Task 3
Learning Outcomes: 1,2,3
Two hours mix of short and longer answer questions. Worth 70% of the final grade.
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 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.
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
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.
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