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:

1. Demonstrate mastery 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 understand some of the associated empirical implications and macroeconomic 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. Analyse complext public policy problems using introductory level economic reasoning within broader social, political, and institutional systems, recognising interdependencies and unintended consequences;
7. 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;
8. Critically reflect on the interaction between economic evidence, political decision-making, and practical constraints in shaping policy outcomes;
9. Integrate insights from practitioners, academic theory, and real-world case studies to propose evidence-informed approaches to contemporary policy challenges.

Research-Led Teaching

ECON1102's mission is to teach macroeconomic principles, a strong emphasis will be placed on critical thinking. The ECON1100 lectures are designed to introduce you to how economic theory is used in practice with examples for the Australian Public Service, Productivity Commission and Academics.

Examination Material or equipment

Final examinations will be scheduled by the central examinations office and will be held in person. Further details about the final exam, including the exact format, will be made available on CANVAS no later than the end of Week 10.

Required Resources

The following textbook will form the basis for much of the ECON1102 component of the course:

·        Holden, Stevenson, and Wolfers, Macroeconomic Principles Australian edition, 1st edition, New York: Macmillan, 2023.

Hardcopies of the textbook will be available in the reserve section of Chifley library. An online version of the textbook is also available through the ANU library website.

If you wish to purchase a copy, you should be able to do so through online stores.

Other materials, available online, will also be prescribed to supplement the text on certain topics. These links will be provided on the CANVAS site in advance of the relevant lectures.

Recommended Resources

Other useful texts for the ECON1102 component of the course include:

 ·        Jones, Charles I., Macroeconomics, 6th edition, New York: Norton, 2024. (This one is an intermediate textbook, in other words, more advanced and technical.)

 ·        Parkin, Michael and Bade, Robin, Macroeconomics, 2nd edition. Melbourne: Pearson, 2020.

I strongly recommend the following two open-source (free) macro texts:

·         CORE, The Economy, available at https://core-econ.org/the-economy/. (This is a modern textbook with a wider, more critical approach. I encourage you to consult this source in addition to the Holden, Stevenson and Wolfers textbook as it will provide you with a broader and more nuanced view of the subject matter.)

·         OpenStax College. (2014). Principles of Macroeconomics, 2nd edition. Houston, TX: OpenStax CNX. https://openstax.org/details/books/principles-macroeconomics

It is crucial that you stay abreast of current events and regularly read the business and economics sections of leading, high quality newspapers and magazines (The Economist, Financial Times, Australian Financial Review, the Guardian, etc.)

You also need access to a (non-programmable) calculator to complete exercises required for the ECON1102 component this course.

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	ECON1100 KLIQE notes due
3	Guest Speaker	ECON1102: In tutorial quiz 1; ECON1100 Reflective Essay due; KLIQE notes due
4	Guest Speaker	ECON1102: In tutorial quiz 2; ECON1100 Reflective Essay due; KLIQE notes due
5	Guest Speaker	ECON1102: In tutorial quiz 3; ECON1100 Reflective Essay due; KLIQE notes due
6	Guest Speaker	ECON1102: possible mid-semester exam; ECON1100 Reflective Essay due; KLIQE notes due
7	Guest Speaker	ECON1102: possible mid-semester exam; ECON1100 Reflective Essay due; KLIQE notes due
8	Guest Speaker	ECON1102: In tutorial quiz 4; ECON1100 Reflective Essay due; KLIQE notes due
9	Guest Speaker	ECON1102: In tutorial quiz 5; ECON1100 Reflective Essay due; KLIQE notes due
10	Guest Speaker	ECON1102: In tutorial quiz 6; ECON1100 Reflective Essay due; KLIQE notes due
11	Guest Speaker	ECON1102: In tutorial quiz 7; ECON1100 Reflective Essay due; KLIQE notes due
12	Guest Speaker	ECON1100 Reflective Essay due; KLIQE notes due
13		ECON1100 Reflective Essay due;

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 (Thursday 4-7pm)

Assessment Summary

Assessment task	Value	Due Date	Return of assessment	Learning Outcomes
ECON1102 In Tutorial Quizzes	5 %	*	30/10/2026	2,3,4,5
ECON1102 Mid Semester Exam	15 %	04/09/2026	25/09/2026	2,3,4,5
ECON1102 Final Examination	30 %	05/11/2026	09/12/2026	1,2,3,4,5
ECON1100 Weekly reflective essays	20 %	*	*	6,7,8
ECON1100 Group Case Study	20 %	*	*	6,7,8
ECON1100 Weekly In Class Notes	10 %	13/11/2026	09/12/2026	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 ‘Canvas’ 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 50% of your final grade and ECON1102 for 50% 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, the Australian Public Service and others. These lectures are 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 Tutorial Quizzes

5%, compulsory & non-redeemable

There will be 7 in-tutorial quizzes in weeks 3, 4, 5, 8, 9, 10 and 11. The quizzes will be approximately 5-10 minutes (closed book), and consist of multiple choice questions. These will need to be handed in to the tutors, who will mark them within one week and award between 0 and 2 points. Each quiz will assess basic knowledge and understanding of a key concept from the two most recent weeks. Students are strongly encouraged to come to tutorials prepared, having clearly attempted the weekly problem sets and reviewed the lecture material. The mark for this assessment task, which makes up 10% of the overall course grade, will be the sum of the 5 highest marks obtained in the 7 quizzes. In other words, the maximum students can achieve on this assessment task is 10 points. If a student misses a quiz, it will count as zero. Quizzes will only count if students attend the entire tutorial in which the quiz is held.

At least one quiz result will be returned before the census date. 

Assessment Task 2

ECON1102 Mid Semester Exam

15%, compulsory & non-redeemable

There will be one mid-term exam, testing the entire material covered in the first five weeks. The exact time will be announced in CANVAS as soon as practical to avoid any clashes with other midterm examinations. It will be delivered in person in Week 6 or 7. The mid-semester exam will consist of multiple choice and short-answer questions. It is an invigilated, closed-book, in-person exam; the only permitted material will be a non-programmable calculator. The duration will be approximately 90 minutes.

Assessment Task 3

ECON1102 Final Examination

30%, compulsory & non-redeemable

Duration 3 hours

The final exam will be an invigilated, closed-book exam; the only permitted material will be a non-programmable calculator. It will test the entire material covered throughout the semester, with an emphasis on the second half of the course. (Approximately one third of the exam will cover the first half of the course, while the remaining two thirds of the exam will cover the second half of the course.) It will be held in person, on campus, during the university examination period.

The final exam will last for 3 hour. It will consist of two parts. The first part contains multiple choice questions(MCQ). The second part contains a combination of “short answer” questions (SAQ) that typically focus on a single concept and "long answer" questions (LAQ). Good answers to SAQs range from a couple of sentences to approximately half a page. LAQs, which typically have several sub-questions, test your technical skills as well as your general understanding, intuition and knowledge of macroeconomics.

Answers on exams should be clear, neat, relevant and concise. Further detailed information about the exam and a practice exam will be provided by the end of week 10.

Assessment Task 4

ECON1100 Weekly reflective essays

20%, compulsory & non-redeemable

You will be required to write a reflective-style essay for each lecture and submit it through Turnitin on Wattle. The best 6 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.

The essays will be 400 words in length. Anything 10% above this limit will not be read or marked.

These will be marked and returned the following week, ensuring you have feedback on at least 2 submissions prior to census date.

Further details, including guidance on how to write a reflective essay and a marking rubric will be given in week 1.

*If for some reason you can not submit by 23:59 Friday you have a 2 working day grace period. i.e you have up to 23:59 Tuesday to upload your answers. You do not need to ask for an extension, or provide documentation. Submissions beyond this time are considered late and require documentation. However, given the best 6 only count, you are able to not submit up to 5 essays with no penalties. If you miss more than this, keep all documentation and apply for reweighting through the ECA portal within 5 days of the finish of teaching.

Assessment Task 5

ECON1100 Group Case Study

20%, compulsory & Non redeemable

Students will be allocated into groups of two to four students. You will be responsible to finding your own group (and all students must be from the ECON1100 component of this course). A Canvas discussion forum will be available to assist with this activity. Groups should be chosen by the end of week 3. Some time in week 4 will then be given to the group putting together a group contract.

Each group will choose a week's topic/discussion that they found most interesting and write:

• a concise synopsis of the guest lecturers discussion: what circumstance/situation/challenge/policy was addressed; what was this policy/solution important and/or expected to achieve; and what approach or solution was described.
• Identify two main economic concepts that apply to that week's discussion (noting (i) definition/meaning of these concepts and (ii) how the concepts apply to the guest's discussion or relevant policy context. You will need to explain the mechanism, not just the label
• Where relevant, identify a tension, simplification or limitation in how the theory maps onto the real-world problem and reflect the causes of this.

Each group will also need to develop:

• a group contract - which is submitted to Canvas by Friday week 6 (4 September)
• Peer review and short personal reflection (150 words) - submitted separately to Canvas on Friday 13th November

Due Date: Friday 13th November 5pm via Canvas site.

Word limit: 1000 words (not including the group contract or peer review/reflection). Anything 10% above this limit will not be read or marked.

Assessment Task 6

ECON1100 Weekly In Class Notes

10% compulsory & non redeemable

You will be required to take notes of the Lecture and the Workshop following a KLIQE structure. KLIQE is designed as a way to foster engagement. The note will be submitted through Canvas by 23:59 on the Friday after each lecture. The best 7 will count toward your final grade. Further details about structured note-taking will be given in Week 1.

*If for some reason you can not submit by 23:59 Friday you have a 2 working day grace period. i.e you have up to 23:59 Tuesday to upload your answers. You do not need to ask for an extension, or provide documentation. Submissions beyond this time are considered late and require documentation. However, given the best 7 only count, you are able to not submit up to 4 essays with no penalties. If you miss more than this, keep all documentation and apply for reweighting through the ECA portal within 5 days of the finish of teaching.

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. Any use of artificial intelligence must be properly referenced. Failure to properly cite use of Generative AI will be considered a breach of academic integrity.

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 Accessibility 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 supports you make your own decisions about how you learn and manage your workload.
• ANU Counselling promotes, supports and enhances mental health and wellbeing within the University student community.
• ANUSA supports and represents all ANU students