This course is available for on-campus & remote (online) learning. All students participate in interactive, real-time classes.
This course will explore decision-making by individuals and firms in the context of real-world situations in which behaviour is often strategic in nature and information is imperfect. The course covers a set of key topics in microeconomics, including game theory, decision making under uncertainty, monopoly, imperfect competition, situations of asymmetric information, and an introduction to behavioural economics. A range of policy options available to governments will be analysed.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Understand the implications of relaxing the assumptions of perfect competition, certainty, and full information on market outcomes within basic microeconomic models.
- Understand and apply key tools for analysing the microeconomics of uncertainty, imperfect competition, asymmetric information, and behavioural economics.
- Competently use graphs, algebra, and game theory for microeconomic analysis.
- Know which tools are best suited to specific contexts in microeconomics.
- Analyse potential policy interventions to deal with issues related to uncertainty, imperfect competition, asymmetric information, and behavioural economics.
Indicative Assessment
- Quiz (10) [LO 1,2,3]
- Mid-semester exam (30) [LO 1,2,3,4]
- Group problem set (5) [LO 1,2,3,4]
- Contribution to class discussion forum (5) [LO 1,2,3,4,5]
- Final exam (50) [LO 1,2,3,4,5]
The ANU uses 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. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
The standard workload for a 6 unit course is 130 hours including class time and independent study.
Inherent Requirements
Not applicable.
Prescribed Texts
Nicholson, W & Snyder, C 2021, Intermediate Microeconomics and its Application, 13th edn, Cengage Learning.
Assumed Knowledge
Knowledge in calculus and optimisation is essential. Students are assumed to be concurrently enrolled in or to have already completed IDEC8016 or equivalent.
Fees
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:
- 34
- 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.
Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee | Description |
|---|---|---|
| 2024 | $4680 | Standard Rate |
| 2024 | $3720 |
Grandfathered Rate*
*continuing students in nominated programs only. See fee website |
- International fee paying students
| Year | Fee |
|---|---|
| 2024 | $6000 |
Offerings, Dates and Class Summary Links
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.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
