Economics 1(H) includes ECON1102 Macroeconomics 1 with two additional contact hours a week. It is designed for the better performing students who want to extend their exposure to economics beyond that offered in the standard first year courses in microeconomics and macroeconomics. As such, students enrolling in this course should have achieved at least a credit (above 60%) for Microeconomics 1.
The first part of the course uses the tools of Microeconomics 1 to examine in greater depth topics such as the efficiency of competitive markets (market success) and the theory of market failure – including externalities; transactions costs; congestion, common property and the anti-commons; natural monopoly; non-excludability, non-rivalry and public goods; strategic behaviour and game theory.
The analysis will be applied to a number of topical public policy issues including carbon pricing, intellectual property, infrastructure pricing and provision, and road charging. The course finishes with an examination of public choice: the economics of the political process.
Upon successful completion, students will have the knowledge and skills to:
- demonstrate an understanding of the core theoretical models used by macroeconomists, in particular the Solow growth model and the AS/AD-model;
- discuss the usefulness and limitations of these models;
- explain and demonstrate an understanding of some of the associated empirical implications and policy issues;
- demonstrate the ability to critically evaluate many newspaper and magazine articles covering current economic events;
- demonstrate a brief understanding of some of the institutional features of the Australian economy and some overseas economies;
- demonstrate the ability to analyse a problem from an economics perspective, or at least understand how economists think;
- Recognise the economic issues in a problem and apply the appropriate tools to analyse it;
- demonstrate an understanding of the economic tools taught in class and be able to apply them to analyse real world problems and policy issues.
This course may be taken as an alternative to ECON1102 Macroeconomics 1 and satisfies all prerequisites that would be satisfied by that course.
- ECON1102 Quizzes (13) [LO 1,2,3,4,5]
- ECON1102 Mid Semester Exam (20) [LO 1,2,3,4,5]
- ECON1102 Final Exam (32) [LO 1,2,3,4,5]
- ECON1100 Final Exam (35) [LO 6,7,8]
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WorkloadLectures and tutorials as for ECON1102 Macroeconomics 1 plus two additional contact hours per week for ECON1100 and 3 hours a week: reading, research, writing and tutorial preparation
Requisite and Incompatibility
Prescribed TextsThere is no prescribed text. A detailed outline, reading list and the associated readings for each topic will be placed on the course wattle web site.
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:
- 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.