- Class Number 7540
- Term Code 3160
- Class Info
- Unit Value 6 units
- Mode of Delivery In Person
- Dr Ariun Bayarjargal
- Dr Ariun Bayarjargal
- 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
This course introduces economic concepts and principles which are useful in understanding the general economic environment within which businesses and other organisations operate.
Microeconomics examines how consumers and firms make decisions and how they interact with each other in markets. Topics covered include supply and demand, consumer and firm behaviour, price determination and the operation of markets, situations of market failure, and the impact and role of government on the economy.
Macroeconomics studies the entire economy and its wellbeing. Macroeconomics looks at the effect of factors such as inflation, exchange rates, interest rates and trade on the well being and stability of the economy.
Upon successful completion, students will have the knowledge and skills to:
- demonstrate an understanding of the introductory, canonical models of consumer and producer behaviour and of the macroeconomy.
- demonstrate a basic understanding of the operation of a modern economy.
- evaluate the effects of government interventions in individual markets and in the macroeconomy.
Theory and examples covered in the course are derived from research in the field of economics. In addition, students will have the opportunity to themselves engage in a small research project.
Examination Material or equipment
Exams will be held remotely through the Wattle site.
Acemoglu, D., Laibson, D., and List, J.A, 2018, Economics, Second Global Edition, Pearson, New York. The text book will be available in the University book shop (Harry Hartog) and on short loan at the Chifley Library. Also available as an e-book in the library.
You can use a different edition of the text book. Acemoglu, D., Laibson, D., and List, J.A, 2016, Economics, Global Edition, Pearson, Australia. This text book is available on short loan at the Chifley Library.
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||Introduction to Economics (Chapters 1, 2 & 3)|
|2||Consumers and Demand Theory (Chapter 5)|
|3||Producers and Supply Theory (Chapter 6)||Weekly Quiz|
|4||Government and the Economy (Chapters 9 & 10)||Weekly Quiz|
|5||Perfect Competition (Chapters 6 & 7)||Weekly Quiz|
|6||Imperfect Competition (Chapters 12 & 14)|
|7||Macroeconomic Aggregates (Chapters 19 & 20)||Mid-Semester Exam (tentative)|
|8||Economic Growth and Development (Chapter 21 & 22)||Weekly Quiz|
|9||Employment and Unemployment (Chapter 23)||Weekly Quiz|
|10||Monetary System (Chapter 25)||Weekly Quiz|
|11||Economic Fluctuations and Macroeconomic Policy (Chapters 26 & 27)||Personal Project Due|
|12||International Trade (Chapter 28)|
You are expected to attend one tutorial each week from Week 2 onward. You must enrol in a tutorial using the Wattle site for this course, and attend the tutorial in which you are enrolled. Tutorials will be delivered both remotely (Zoom tutorial) and on-campus (F2F). Sign-up for tutorials will be available on the Wattle site in O-week - the remaining tutorials will be open in Week 1 of the Semester.
|Assessment task||Value||Due Date||Return of assessment||Learning Outcomes|
|Weekly on-line quizzes||15 %||09/08/2021||15/10/2021||1,2,3|
|Mid-Semester (Microeconomics) On-line Exam||35 %||*||*||1,2,3|
|Personal Project - Essay||15 %||22/10/2021||03/11/2021||1,2,3|
|Final (Macroeconomics) On-line Exam||35 %||*||*||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.
This is a dual delivery course. The core content of the course will be delivered via pre-recorded lecture modules each week. Tutorials will be both on-campus and online live tutorials. There will be a weekly live Zoom meeting that will allow students to ask questions and cover administration and revisions. Attendance at all teaching events, either in-person or online, while not compulsory, is expected in line with “Code of Practice for Teaching and Learning”, clause 2 paragraph (b).
In addition, tutorials are a discussion-based class. Providing worked solutions would not effectively compensate for missing a tutorial. Students who, through unavoidable and unplanned occurrences, are unable to attend a tutorial class one week are encouraged to work through the problems and attend a consultation session for discussion and solutions.
The course includes both Mid-Semester and Final Exams.
Assessment Task 1
Learning Outcomes: 1,2,3
Weekly on-line quizzes
Throughout the semester there will be six (6) weekly quizzes held over the Wattle site. Quizzes will be based on the lecture/tutorial material from the preceding weeks. Only your best 5 of 6 weekly quizzes will count toward your final grade. If you miss one quiz for any reason that is simply the quiz which does not count. If you miss multiple quizzes for valid reasons (illness etc.) then assessment will be re-weighted.
Each quiz will be worth 10 points and count for 3% to your final grade. The quizzes will be available with at least 2 days notice and be open for 48 hours. However, the quiz, once started, is only open for one hour. There will be 10 randomly assigned questions. Please note that you will not be able to navigate backwards through the quiz and one attempt only is allowed. Quiz answers will be provided upon closure of the quiz. Late submissions will not be accepted.
Assessment Task 2
Learning Outcomes: 1,2,3
Mid-Semester (Microeconomics) On-line Exam
A mid-semester exam will be held during the ANU mid-semester exam period (Week 6 and Week 7). This exam will include all material from the Microeconomics component of the course, covering material from Weeks 1-6. It is worth 35% of the final grade. The exam date and time will be determined by Central Examinations. Further details will be provided by the end of Week 4.
The mid-semester exam will involve multiple choice (Wattle quiz, 20-30%) and short and long answer questions (via Turnitin submission, 70-80%). The length of the exam is 3-hours (including reading time). At the end of the exam, you will have up to 30 minutes to scan and upload your typed answers to short and long answer questions via Turnitin link in the Wattle site for the course. The exam is a closed-book exam and will be invigilated with Zoom. Late submission will not be accepted.
Assessment Task 3
Learning Outcomes: 1,2,3
Personal Project - Essay
The personal project is an extended writing task and counts for 15% to your final grade. Each student will develop an economic question, and provide some work towards discussing or solving their question. The word limit for the essay is 700 words excluding bibliography and citations. A complete description of the assignment will be provided in Week 5.
Late submissions will not be accepted.
Assessment Task 4
Learning Outcomes: 1,2,3
Final (Macroeconomics) On-line Exam
Final exam will be held during the ANU Exam block at the end of the semester. This exam will include all material from the Macroeconomics component of the course, covering material from Weeks 7-12. It is worth 35% of the final grade. Material from Weeks 1-6 will not be directly examined, but may be indirectly examined. The exam date and time will be determined by Central Examinations. More information will be available in Week 10.
The final exam will involve multiple choice (Wattle quiz, 20-30%) and short and long answer questions (via Turnitin submission, 70-80%). The length of the exam is 3-hours (including reading time). At the end of the exam, you will have up to 30 minutes to scan and upload typed answers via Turnitin link in the Wattle site for the course. The exam is a closed-book exam and will be invigilated with Zoom. Late submission will not be accepted.
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.
Hard-copy submissions will not be accepted for any assessments.
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.
Weekly quizzes will be returned by Monday of the following week.
Personal project marks and (short) comments will be returned through Wattle.
Exam scripts can be viewed in line with the Research School of Economics exam viewing procedure.
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.
Resubmission of Assignments
Resubmission of assignments is not permitted.
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
Microeconomics, Applied Microeconomics, Economic Policy
Dr Ariun Bayarjargal