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

While the course’s mission is to teach macroeconomic principles, a strong emphasis will be placed on critical thinking. The lecturer in charge of this course has research interests in Computational Macroeconomics.

Examination Material or equipment

Non-programmable Calculator

Required Resources

Abel, A.B., Bernanke, B. and Croushore, D.D. (2021) Macroeconomics. Harlow, Essex: Pearson Education Limited. 

Recommended Resources

Whether you are on campus or studying online, there are a variety of online platforms you will use to participate in your study program. These could include videos for lectures and other instruction, two-way video conferencing for interactive learning, email and other messaging tools for communication, interactive web apps for formative and collaborative activities, print and/or photo/scan for handwritten work and drawings, and home-based assessment.

ANU outlines recommended student system requirements to ensure you are able to participate fully in your learning. Other information is also available about the various Learning Platforms you may use.

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). Feedback can also be provided to Course Conveners and teachers via the Student Experience of Learning & Teaching (SELT) feedback program. SELT surveys are confidential and also provide the Colleges and ANU Executive with opportunities to recognise excellent teaching, and opportunities for improvement.

Class Schedule

Week/Session	Summary of Activities	Assessment
1	Introduction and reflective writing workshop
2	Guest Speaker
3	Guest Speaker
4	Guest Speaker	ECON1102 In-tutorial group presentation starts
5	Guest Speaker
6	Guest Speaker	ECON1102 Mid-semester Exam
7	Guest Speaker
8	Guest Speaker
9	Guest Speaker
10	Guest Speaker
11	Guest Speaker
12	Guest Speaker

Tutorial Registration

ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.

For ECON1100 - you will need to attend the lectures and a tutorial for ECON1102 Macroeconomics 1 AND the lectures and workshop for ECON1100 (Friday 11am-2pm)

Assessment Summary

Assessment task	Value	Due Date	Return of assessment	Learning Outcomes
ECON1102 In-lecture Participation	6 %	*	*	1,2,3,4,5
ECON1102 In-tutorial Group Presentation	7 %	*	*	2,3,4
ECON1102 Mid-Semester Exam	19 %	28/08/2023	18/09/2023	2,3,4,5
ECON1102 Final Exam	33 %	*	30/11/2023	1,2,3,4,5
ECON1100 Weekly reflective essays - 2 part assessment	14 %	*	*	6,7,8
ECON1100 Weekly Inclass notes	7 %	*	*	6,7,8
ECON1100 Final Reflective Essay	14 %	08/11/2023	30/11/2023	6,7,8

* 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 Integrity Rule before the commencement of their course. Other key policies and guidelines include:

• Academic Integrity Policy and Procedure
• Student Assessment (Coursework) Policy and Procedure
• Extenuating Circumstances Application
• Student Surveys and Evaluations
• Deferred Examinations
• Student Complaint Resolution Policy and Procedure
• Code of practice for teaching and learning

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 Skills website. 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. 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). The weighting shown in the assessment tasks in this Class Summary include both the components for ECON1102 and ECON1100 with their respective weights.

ECON1100 is delivered by a series of guest lecturers from the ANU and the Australian Public Service - designed to introduce you to how economics is used 'in the real world' and the skills that are required for post-university life. As such, if you are unable to faithfully attend the campus lectures and workshops for ECON1100 you should enrol in ECON1102 only. ECON1100 workshops are typically not recorded, and attendance is the only way to engage with the material.

Examination(s)

Please see information under assessments.

Assessment Task 1

ECON1102 In-lecture Participation

10%, compulsory & flexible in the form of assessment

Students will need to sit in the lecture and participate proactively for participation marks, which will count for 10% of the student's final grade. Some questions will be available in class, on Wattle, checking for your attendance/participation. There are 12 weeks and only 8 out of 12 will be counted. If students cannot attend the lecture, they will have to submit a short summary on Wattle of the week's material: e.g. what is the most important/easiest/hardest takeaway from the lecture material. Further details of the 'summary' option for participation will be provided on Wattle. Tutorial participation marks will be produced in nearly-real-time, so you will have at least 4 of the participation marks by the end of Week 6.

Assessment Task 2

ECON1102 In-tutorial Group Presentation

10%, compulsory & non-redeemable

Students, grouped in 2 or 3, will have to prepare a short analysis studying macroeconomic data. Each group will prepare a brief written summary of no more than one typed page (not counting graphs and tables) and give a 5-7 minute presentation at the beginning of each tutorial, beginning in week 4. Students will get their topics 7 days prior to the presentation and have one week to prepare their presentations.

The student groups will be formed in week 2 or 3. Students will be randomly assigned groupmates by their tutors.

Assessment Task 3

ECON1102 Mid-Semester Exam

30%, compulsory & non-redeemable

A mid-semester exam will be held in Week 6 during lecture time. The exam will cover material presented throughout the first half of the semester. The mid-semester exam is compulsory to attend and will count for 30% of the student's final grade, and will take roughly 1.5 to 2 hours. The mid-semester exam will be on-campus and invigilated. Further details are given on Wattle by the end of week 4. The Mid-semester exam will be returned within 3 weeks of the exam.

Assessment Task 4

ECON1102 Final Exam

50%, compulsory & non-redeemable

A final exam will be held during the ANU final exam period. The exam will cover material presented throughout the entire course. The final exam is compulsory to attempt and will count for 50% of the student's final grade, and will take roughly 2 to 3 hours. The final exam will be on-campus and invigilated. Further details will be given on Wattle in week 10.

Assessment Task 5

ECON1100 Weekly reflective essays - 2 part assessment

Worth 14/35 points. Non redeemable

Part 1. Weekly Reflective Essays (12%) (12/35): You will be required to write a reflective-style essay for each lecture and submit it through Turnitin on Wattle. The essays will be 500 words in length. The best 6 out of 10 essays will count toward your final grade. Your participation in the discussion session immediately following the guest lectures will greatly enhance 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.

Part 2. Newsroom to Classroom (2%) (2/35): Students will be allocated into Editor Groups of two to four, depending on enrollment. Each group will edit the content for one week. After marking the weekly essays, the tutor will select five to six sample essays. Then the Editor Group of that week will be given a detailed Editing Guide to polishing these samples into a book chapter in ‘Newsroom to Classroom’, a ‘book’ that will be created by and shared with the whole class.

Each essay will be due 5pm Friday the week following the lecture. And the Newsroom to Classroom group work will be due 5pm Friday two weeks after submission. For example, Week 2 lecture essay is due 5pm Friday of Week 3. The tutor will finish marking and editing instructions before 5pm Friday of Week 4. Week 2 Editor Group will submit the polished chapter by 5pm Friday of Week 5.

Assessment Task 6

ECON1100 Weekly Inclass notes

Worth 7/35 points. Non redeemable

You will be required to take notes of the Lecture and the Workshop following a KLIQE structure. KLIQE is designed in a way to foster engagement. The note will be submitted through Turnitin on Wattle by 23:59 of the lecture day (Friday). The best 7 out of 10 will count toward your final grade. This part is compulsory and not redeemable. Further details about structured note-taking will be given in Week 1.

Assessment Task 7

ECON1100 Final Reflective Essay

Worth 14/35 marks. Non redeemable.

A final essay will be due at 5pm, Wednesday 8 November (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 or 10. You will be invited to refine the instructions in Week 12. The essay will be 1500 words in length. The essay will be handed in through Turnitin on the Wattle site.

Academic Integrity

Academic integrity is a core part of the ANU culture as a community of scholars. The University’s students are an integral part of that community. The academic integrity principle commits all students to engage in academic work in ways that are consistent with, and actively support, academic integrity, and to uphold this commitment by behaving honestly, responsibly and ethically, and with respect and fairness, in scholarly practice.

The University expects all staff and students to be familiar with the academic integrity principle, the Academic Integrity Rule 2021, the Policy: Student Academic Integrity and Procedure: Student Academic Integrity, and to uphold high standards of academic integrity to ensure the quality and value of our qualifications.

The Academic Integrity Rule 2021 is a legal document that the University uses to promote academic integrity, and manage breaches of the academic integrity principle. The Policy and Procedure support the Rule by outlining overarching principles, responsibilities and processes. The Academic Integrity Rule 2021 commences on 1 December 2021 and applies to courses commencing on or after that date, as well as to research conduct occurring on or after that date. Prior to this, the Academic Misconduct Rule 2015 applies.

 

The University commits to assisting all students to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. All coursework students must complete the online Academic Integrity Module (Epigeum), and Higher Degree Research (HDR) students are required to complete research integrity training. The Academic Integrity website provides information about services available to assist students with their assignments, examinations and other learning activities, as well as understanding and upholding academic integrity.

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

The Academic Skills website has information to assist you with your writing and assessments. The website includes information about Academic Integrity including referencing requirements for different disciplines. There is also information on Plagiarism and different ways to use source material.

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 Access 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 all ANU students