- Code ECON3101
- 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
- Dr James Taylor
- Mode of delivery In Person
First Semester 2023
See Future Offerings
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.
Modern economics is a way of thinking that provides important insights into human behaviour and how the world works. The emphasis in Microeconomics 3 is on deepening students' understanding of the basic principles of microeconomics and learning how to use these principles to analyse real world problems and policy issues. The course builds upon the material covered in Microeconomics 1 and 2 by treating some of the concepts introduced in previous microeconomic courses with greater degree of rigour. The course also covers more advanced tools of microeconomic theory and applications of the theory to a range of economic problems. Topics and techniques that may be emphasised include: concepts and measurement of individual and aggregate consumer welfare, partial and general equilibrium efficiency analysis, choice under uncertainty and information economics."
Upon successful completion, students will have the knowledge and skills to:
- Describe formalised economic models developed in class, and analyse how modelling assumptions impact theoretical results;
- Solve theoretical economic problems using models developed in class; including combining models to produce novel solutions;
- Recognise the relevant economic issues in real-world problems, determine which economic models, or combination of models, is appropriate to analyse the problem, and apply those models to gain insight into policy issues.
- Assessment will consist of a Final Exam, mid-semester exam(s), quizzes, assignments or some combination thereof. See the Class Summary for details. (100) [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
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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.
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- Unit value:
- 6 units
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