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.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

1. demonstrate an understanding of the core theoretical models used by macroeconomists, in particular the Solow growth model and the AS/AD-model;
2. discuss the usefulness and limitations of these models;
3. explain and demonstrate an understanding of some of the associated empirical implications and policy issues;
4. demonstrate the ability to critically evaluate many newspaper and magazine articles covering current economic events;
5. demonstrate a brief understanding of some of the institutional features of the Australian economy and some overseas economies;
6. demonstrate the ability to analyse a problem from an economics perspective, or at least understand how economists think;
7. Recognise the economic issues in a problem and apply the appropriate tools to analyse it;
8. demonstrate an understanding of the economic tools taught in class and be able to apply them to analyse real world problems and policy issues.

Research-Led Teaching

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.

Field Trips

n/a

Additional Course Costs

n/a

Required Resources

n/a

Recommended Resources

n/a

Staff Feedback

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

Student Feedback

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.

Class Schedule

Week/Session	Summary of Activities	Assessment
1	Introduction
2	The use of field experiments in public policy - Dr Mike Price
3	The practice of Climate Change Policy in Australia - Dr Gordon de Brouwer	Reflective Essay 1 Due
4	Economics and Childcare policy - Dr Jenny Gordon	Reflective Essay 2 Due
5	Role of lab based experiments in economic policy making - Dr Evan Calford	Reflective Essay 3 Due
6	Economics and public policy in Treasury - Meghan Quinn	Reflective Essay 4 Due
7	Economics and Education - Prof Brian Schmidt	Reflective Essay 5 Due
8	Economics and Education - Prof Brian Schmidt	Reflective Essay 6 Due
9	Economics and Education - Prof Brian Schmidt	Reflective Essay 7 Due
10	Economics and medicine - Dr Bonny Parkinson	Reflective Essay 8 Due
11	Natural Resource Economics - Stephanie Black	Reflective Essay 9 Due
12	Scaling up experimental information - Prof. John List	Reflective Essay 10 Due

Tutorial Registration

There are no tutorials as such for this course. The extension component consists of a two hour lecture delivered (on campus) by a series of guest lecturers, followed by a workshop for all students.

Assessment Summary

Assessment task	Value	Due Date	Return of assessment	Learning Outcomes
Weekly Reflective Essays	21 %	*	*	6,7,8
Final Essay	14 %	04/11/2022	02/12/2022	6,7,8
ECON1102 Online Quiz 1	7 %	11/08/2022	13/08/2022	1,2,3,4
ECON1102 Take Home Assignment 1	10 %	23/08/2022	04/09/2022	2,3,4,5
ECON1102 Online Quiz 2	6 %	21/09/2022	06/10/2022	2,3,4,5
ECON1102 Take Home Assignment 2	10 %	05/10/2022	21/10/2022	1,2,3,4,5
ECON1102 Online Quiz 3	6 %	19/10/2022	21/10/2022	1,2,3,4,5
ECON1102 Online Final Exam	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

Policies

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:

• Student Assessment (Coursework) Policy and Procedure
• Special Assessment Consideration Policy and General Information 
• Student Surveys and Evaluations
• Deferred Examinations
• Student Complaint Resolution Policy and Procedure

Assessment Requirements

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.

Participation

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. The ECON1100 component of this course will ONLY be delivered on campus. Overall, your final grade will be a weighted average of the two components (ECON1100 will count for 35% of your final grade and ECON1102 for 65% of your final grade).

If you are unable to attend the campus lectures and workshops due to travel restrictions then you should enrol in ECON1102 only.

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 2 lecture essay is due Thursday 5pm of week 3. 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 guidance on how to write a reflective essay and a marking rubric will be given in week 1.

Assessment Task 2

Final Essay

14% of final grade; non-redeemable

A final essay will be due Friday 4th 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 9. The essay will be 1500 words in length. The essay will be handed in through Turnitin on the Wattle site.

Assessment Task 3

ECON1102 Online Quiz 1

6% of final grade; non-redeemable

60 minute quiz, administered through Wattle. The quiz is both compulsory and non-redeemable. There will be a one day window in which students can take the exam but once they commence it they will have one hour to complete it. Further details on the quizzes will posted on Wattle by week 2. The quiz must be done as individual work.

Assessment Task 4

ECON1102 Take Home Assignment 1

10% of final grade; non-redeemable

Take-home tasks involving problem-solving questions and analysis. This assignment is compulsory and non-redeemable. The assignment will have questions similar to those provided in tutorials. The take-home assignment will need to be submitted electronically through Turnitin; a hardcopy submission may also be required. Exact submission requirements will be posted on Wattle by week 2. Email submissions are not acceptable. The questions will be released a week in advance on the due date. The assignment is to be done as individual work.

Assessment Task 5

ECON1102 Online Quiz 2

7%, of final grade; non-redeemable

60 minute quiz, administered through Wattle. The quiz is both compulsory and non-redeemable. There will be a one day window in which students can take the exam but once they commence it they will have one hour to complete it. Further details on the quizzes will posted on Wattle by week 2. The quiz is to be done as individual work.

Assessment Task 6

ECON1102 Take Home Assignment 2

10% of final grade; non-redeemable

Take-home tasks involving problem-solving questions and analysis. This assignment is compulsory and non-redeemable. The assignment will have questions similar to those provided in tutorials. The take-home assignment will need to be submitted electronically through Turnitin; a hardcopy submission may also be required. Exact submission requirements will be posted on Wattle by week 2. Email submissions are not acceptable. The questions will be released a week in advance on the due date. The assignment is to be done as individual work.

Assessment Task 7

ECON1102 Online Quiz 3

6% of final grade; non-redeemable

60 minute quiz, administered through Wattle. The quiz is both compulsory and non-redeemable. There will be a one day window in which students can take the exam but once they commence it they will have one hour to complete it. Further details on the quizzes will posted on Wattle shortly by week 2. The quiz is to be done as individual work.

Assessment Task 8

ECON1102 Online Final Exam

26% of final grade; non redeemable

2-hour online final exam, administered through Wattle.. This exam is compulsory and non-redeemable.

The final exam will test the entire material covered throughout the semester, with an emphasis on the second half of the course. It will be held during the university examination period. There will be a one day window in which students can take the exam but once they commence it they will have two hours to complete it. Further details on the final exam will posted on Wattle by week 6. The format of the exam will consist of short-answer and longer essay questions of varying complexity, testing both knowledge and understanding of class material and requiring creativity and higher analytic and communication skills. The exam is to be done as individual work.

Academic Integrity

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.

Online Submission

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.

Hardcopy Submission

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.

Late Submission

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.

Referencing Requirements

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.

Privacy Notice

The ANU has made a number of third party, online, databases available for students to use. Use of each online database is conditional on student end users first agreeing to the database licensor’s terms of service and/or privacy policy. Students should read these carefully. In some cases student end users will be required to register an account with the database licensor and submit personal information, including their: first name; last name; ANU email address; and other information.
In cases where student end users are asked to submit ‘content’ to a database, such as an assignment or short answers, the database licensor may only use the student’s ‘content’ in accordance with the terms of service – including any (copyright) licence the student grants to the database licensor. Any personal information or content a student submits may be stored by the licensor, potentially offshore, and will be used to process the database service in accordance with the licensors terms of service and/or privacy policy.
If any student chooses not to agree to the database licensor’s terms of service or privacy policy, the student will not be able to access and use the database. In these circumstances students should contact their lecturer to enquire about alternative arrangements that are available.

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