- Code ECON8069
- 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 PGRD
- 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.
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.
- Problem Sets (15) [LO 1,2,3]
- Personal Project (15) [LO 1,2,3]
- Mid-Semester Exam (Microeconomics) (35) [LO 1,2,3]
- Final Exam (Macroeconomics) (35) [LO 1,2,3]
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130 hours in total over the semester consisting of lectures, tutorials and private study time.
Requisite and Incompatibility
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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