- Class Number 7523
- Term Code 3160
- Class Info
- Unit Value 6 units
- Mode of Delivery In Person
- Dr Dana Hanna
- Class Dates
- Class Start Date 26/07/2021
- Class End Date 29/10/2021
- Census Date 14/09/2021
- Last Date to Enrol 02/08/2021
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 is being delivered as a series of guest lectures by economists active in both research, experimental design and Australian public policy. We will be exploring a number of cutting edge and contemporaneous issues.
Additional Course Costs
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||Economics and Education - Prof Brian Schmidt|
|2||Economics and Public Policy (1) - Dr Steven Kennedy (Australian Department of Treasury)||Reflective Essay 1 Due|
|3||The practice of Climate Change Policy in Australia - Dr Gordon de Brouwer||Reflective Essay 2 Due|
|4||Economics and Public Policy (2) - Dr David Gruen (ABS)||Reflective Essay 3 Due|
|5||Methodology of Field Experiments in Economics - Dr Michael Price||Reflective Essay 4 Due|
|6||The use of field experiments in public policy 1 - Dr Mike Price||Reflective Essay 5 Due|
|7||The use of field experiments in public policy 1 - Dr Mike Price||Reflective Essay 6 Due|
|8||Introduction to lab based experimental economics - Dr Evan Calford||Reflective Essay 7 Due|
|9||Use of lab experiments in policy design - Dr Evan Calford||Reflective Essay 8 Due|
|10||Lab based experimental economics - case study - Dr Evan Calford||Reflective Essay 9 Due|
There are no tutorials as such for this course. There will be a two hour lecture delivered (on campus and zoomed) by a series of guest lecturers, followed by a live workshop (held on campus) and simultaneously zoomed for those students who are unable to attend.
|Assessment task||Value||Due Date||Return of assessment||Learning Outcomes|
|Weekly Reflective Essays||21 %||*||*|
|Final Essay||14 %||*||*|
|ECON1102 Participation in workshop discussion and the Discussion Forum on Wattle||7 %||26/07/2021||29/10/2021||1,2,3,4|
|ECON1102 Assignment||10 %||*||*||2,3,4,5|
|ECON1102 Midterm Exam||15 %||*||*||2,3,4,5|
|ECON1102 Online Quiz||7 %||21/10/2021||23/10/2021||1,2,3,4,5|
|ECON1102 Final Examination||26 %||*||*||1,2,3,4,5|
* 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.
You are required to attend all lectures and tutorials/workshops for the ECON1102 Macroeconomics 1 course, as well as the lectures and workshop/discussion session for ECON1100 to complete this course. Due to travel restrictions aspects of this course will be delivered through online platforms. However, there will be a number of synchronous on campus activities also taking placed (such as the guest lectures and discussion sessions for the ECON1100 component) that students able to attened should attend. Zoom options are available for those students unable to attend campus.
Assessment Task 1
Weekly Reflective Essays
21% of final grade (non redeemable)
You will be required to write a reflective style essay (further information and training will be given on this style of writing) for each lecture. The essays will be 500 words in length.
Each essay will be due Thursday 5pm the week following the lecture - so week 1 lecture essay is due Thursday 5pm of week 2. Essays will be handed in through Turnitin on the Wattle site. They will be marked and returned within 2 weeks. The best 7 out of 10 essays will count toward your final grade. Your participation in the dicussion session immediately following the guest lectures will greatly enhnance your ability to complete this task to a high standard. Further details, including a marking rubric will be given in week 1.
Assessment Task 2
14% of final grade (non-redeemable)
A final essay will be due Friday 5th November 5pm (during the ANU exam block). This essay will cover aspects of the whole course with specific details, including a marking rubric given in week 2. The essay will be 1500 words in length. The essay will be handed in through Turnitin on the Wattle site.
Assessment Task 3
Learning Outcomes: 1,2,3,4
ECON1102 Participation in workshop discussion and the Discussion Forum on Wattle
Tutors in ECON1102 will evaluate students' demonstration of the learning outcomes 1, 2, 3, and 4 described in the class summary. 1 mark for demonstration of complete understanding of those learning outcomes; 0.5 marks for demonstration of partial attainment; and 0 marks for demonstration of no attainment. It means you can get a maximum of 1 mark per topic discussed in the Discussion Forum or per workshop if your discussion shows a complete understanding of the above learning outcomes. The overall participation mark, which makes up 10% of the overall course grade, will be the arithmetic average of the 10 highest marks obtained in the Discussion Forum and the 11 workshops. You are encouraged to actively participate in both as you will have more chances to get more marks. However, you can get full marks (10) by only doing one of them; for example, you can get 10 marks from 10 topics in the Discussion Forum or 10 workshops.
Assessment Task 4
Learning Outcomes: 2,3,4,5
10% compulsory & non-redeemable
Take-home tasks to be handed in writing (typed answers only) through Turnitin, involving problem-solving questions and modelling exercises.
These are individual assignments. The topics will be made available on Wattle 10 days prior to the due date. We will endeavour to return the marked assignments before the midterm exam
Assessment Task 5
Learning Outcomes: 2,3,4,5
ECON1102 Midterm Exam
15%, compulsory & non-redeemable
A mid-term exam will be held during the ANU mid-semester exam period. The exam will be delivered online via the ECON1102 Wattle Class Site. The exam will cover the entire material throughout the first half of the semester. The mid-term exam is compulsory to attend and will count 15% to your final grade. The exam involves multiple-choice questions
Assessment Task 6
Learning Outcomes: 1,2,3,4,5
ECON1102 Online Quiz
7%, compulsory & non-redeemable
There will be an online quiz covering the material up to week 10.
The quiz will be available with at least 2 days notice and be open for a period of 3 days. However, you will only have approx. 30 minutes to complete the quiz and you can only attempt the quiz once. There will be instructions at the beginning of the quiz. Make sure you read them thoroughly before commencing.
Assessment Task 7
Learning Outcomes: 1,2,3,4,5
ECON1102 Final Examination
26%, compulsory & non-redeemable
The final exam for ECON1102 will test the entire material covered throughout the semester. It will be held during the university examination period and will be delivered online via the Wattle Class Site.
The final exam is compulsory to attend and will count 25% to your final grade. The exam involves multiple-choice questions (MCQ), short and longer style questions/answers. The length of the exam is probably 3 hours (plus reading time). Further details will be given on Wattle two weeks prior to the exam.
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