- Code ECON3006
- 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, Finance
- Academic career UGRD
- AsPr Patrick Beissner
- Mode of delivery In Person
Second Semester 2023
See Future Offerings
This course examines the economic principles that determine the allocation of resources through time in market economies. It uses supply and demand relationships to value capital assets (or projects more generally). There is a detailed treatment of the effects of risk and taxes on capital asset prices, and the Modigliani-Miller financial policy irrelevance theorems are derived and examined in detail.The impact of liquidity on our understanding of financial economics will also be discussed.
Upon successful completion, students will have the knowledge and skills to:
- define the classical finance model that underpins modern finance;
- apply economic concepts to solve for choices made by consumers and asset holders;
- assess the economic efficiency of market outcomes for different market structures, in the presence of market frictions and/or government intervention;
- compare and contrast the information needed for markets to price different types of assets effectively;
- Assessment will consist of a Final Exam, mid-semester exam(s) and in-class quizzes, or some combination thereof. See Class Summary for details. (100) [LO 1,2,3,4]
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130 hours in total over the semester consisting of lectures, tutorials/workshops and private study time.
Requisite and Incompatibility
See Class Summary
Tuition fees are for the academic year indicated at the top of the page.
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- 6 units
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