- Code ECON3101
- Unit Value 6 units
- Offered by Research School of Economics
- ANU College ANU College of Business and Economics
- Course subject Economics
- Areas of interest Economics
- Academic career UGRD
- Dr James Taylor
- Mode of delivery In Person
First Semester 2021
See Future Offerings
Modern economics is a way of thinking that provides important insights into human behaviour and how the world works. The emphasis in Microeconomics 3 is on deepening students' understanding of the basic principles of microeconomics and learning how to use these principles to analyse real world problems and policy issues. The course builds upon the material covered in Microeconomics 1 and 2 by treating some of the concepts introduced in previous microeconomic courses with greater degree of formality. The course also covers more advanced tools of microeconomic theory and applications of the theory to a range of economic problems. Topics and techniques that are emphasized include: concepts and measurement of individual and aggregate consumer welfare, partial and general equilibrium efficiency analysis, choice under uncertainty and information economics.
Upon successful completion, students will have the knowledge and skills to:
- Think for themselves like economists, 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.
- Assessment will consist of a Final Exam, mid-semester exam(s), quizzes, assignments or some combination thereof. See the Class Summary for details. (100) [LO null]
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130 hours in total over the semester consisting of lectures, tutorials and private study time.
Requisite and Incompatibility
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- 6 units
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