This course will bring in practicing economists from the Australian Public Service and Industry and leading researchers to discuss how economics is used in the formulation of public policy and in finding solutions to a number of interesting real-world problems. We will explore the boundaries and interactions of economic theory, practical application and the interplay of politics, institutions and differing view points.
Economics 1(H) is taught alongside ECON1102 Macroeconomics 1 with additional contact hours a week. This extension course is designed for the better performing students who want to extend their exposure to economics beyond that offered in the standard second year theory courses in microeconomics and macroeconomics. As such, students enrolling in this course should have achieved at least a credit (above 60%) for Microeconomics 1 (ECON1101).
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Demonstrate mastery of the core theoretical models used by macroeconomists, in particular the Solow growth model and the AS/AD-model;
- Discuss the usefulness and limitations of these models;
- Explain and understand some of the associated empirical implications and macroeconomic policy issues;
- Demonstrate the ability to critically evaluate many newspaper and magazine articles covering current economic events;
- Demonstrate a brief understanding of some of the institutional features of the Australian economy and some overseas economies;
- Analyse complext public policy problems using introductory level economic reasoning within broader social, political, and institutional systems, recognising interdependencies and unintended consequences;
- Evaluate competing economic perspectives and stakeholder viewpoints in the formulation of policy solutions, demonstrating awareness of plural approaches to economic analysis, both independently and in collaborative settings;
- Critically reflect on the interaction between economic evidence, political decision-making, and practical constraints in shaping policy outcomes;
- Integrate insights from practitioners, academic theory, and real-world case studies to propose evidence-informed approaches to contemporary policy challenges.
Work Integrated Learning
Other
Other Information
If enrolling in ECON1100 you DO NOT also enrol in ECON1102. However, 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 50% of your final grade and ECON1102 for 50% of your final grade).
Indicative Assessment
- ECON1102 Assessment. Which may include but is not restricted to in-class exercises, written and oral assignments, quizzes, examinations, group project tasks, oral presentation, and other assessment deemed appropriate to show attainment of the learning outcomes set for the course. Further details will be made available via the Class Summary. (50) [LO 1,2,3,4,5]
- ECON1100 Assessment. Which may include written reflections, assignments, oral presentations and discussions. (50) [LO 6,7,8,9]
- ECON1100 also involves collaborative engagement with class peers. (0) [LO 7]
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 course includes attending all lectures and tutorials for ECON1102 AS WELL AS the seminars and workshop for ECON1100. As such, taking the extension course does include a higher workload than other courses.
Inherent Requirements
There are no inherent requirements identified.
Requisite and Incompatibility
Prescribed Texts
See Class Summary for ECON1102 for textbook recommendations. No additional texts are required for ECON1100 component. Any readings will be placed on the Canvas site.
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 |
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.