- Code IDEC8029
- Unit Value 6 units
- Offered by Crawford School of Public Policy
- ANU College ANU College of Asia and the Pacific
- Course subject International and Developmental Economics
- Academic career PGRD
- AsPr Paul Burke
- Mode of delivery In Person
First Semester 2020
See Future Offerings
This course will explore decision-making by individuals and firms in the context of real-world situations in which behaviour is often strategic in nature and information is imperfect. The course covers a set of key topics in microeconomics, including game theory, decision making under uncertainty, monopoly, imperfect competition, situations of asymmetric information, and an introduction to behavioural economics. A range of policy options available to governments will be analysed.
Upon successful completion, students will have the knowledge and skills to:
- Gain an understanding of the implications of relaxing the assumptions of perfect competition, certainty, and full information on market outcomes within basic microeconomic models.
- Analyse potential policy interventions to deal with issues related to uncertainty, imperfect competition, asymmetric information, and behavioural economics.
- Present clear analysis of economic issues and problems, and demonstrate capability in using diagrams, algebra, and game theory.
- Two quizzes worth 5% each (10) [LO 1,2,3]
- Mid-semester exam (30) [LO 1,2,3]
- Final exam (60) [LO 1,2,3]
In response to COVID-19: Please note that Semester 2 Class Summary information (available under the classes tab) is as up to date as possible. Changes to Class Summaries not captured by this publication will be available to enrolled students via Wattle.
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Two hours of lecture and one hour of tutorial per week, as well as an average of 6 hours per week on private study and tutorial/assignment preparation.
Nicholson, W & Snyder, C 2015, Intermediate Microeconomics and its Application, 12th edn, Cengage Learning.
Tuition fees are for the academic year indicated at the top of the page.
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- Student Contribution Band:
- 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.
Offerings, Dates and Class Summary Links
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.