- Code ECON1101
- 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
- Mode of delivery In Person
This course involves on campus teaching. For students unable to come to campus there will be a remote option. See the Class Summary for more details.
The course examines how individuals and firms make decisions by weighing up costs and benefits, and how the interaction of their decisions leads to market and social outcomes. The model of market supply and demand is employed to examine the effects of taxes, subsidies, and other government interventions in market activity. The implications of different market structures, including perfect competition and monopoly, are examined. Public goods, externalities and common resources are key examples of cases in which private markets may yield socially sub-optimal outcomes. Such cases are examined and the role of government policy in correcting for these is discussed.
Upon successful completion, students will have the knowledge and skills to:
- demonstrate an understanding of the economic principles that underpin modern economics;
- have a basic understanding of the way budget constrained individuals make optimising choices and the way resources are allocated in private markets;
- demonstrate an understanding of the role of different trading arrangements in markets and their impact on prices and the quantities traded;
- use basic economic principles to evaluate the effects of government interventions and other exogenous changes in markets;
- evaluate the effects of government interventions in markets;
- present clearly written analysis of economic issues and problems
- Mid Semester exam (30) [LO 1,2,3,4,5]
- Tutorial Quizzes (10) [LO 1,2,3,4,5,6]
- On-line quizzes (10) [LO 1,2,3,4,5]
- Personal Project/Assignment (10) [LO 1,2,3,4,5,6]
- Final Exam (60%) (40) [LO 1,2,3,4,5,6]
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130 hours in total over the semester consisting of lectures, tutorials and private study time.
See Class Summary
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you 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). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
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