• Offered by Research School of Economics
  • ANU College ANU College of Business and Economics
  • Classification Transitional
  • Course subject Economics
  • Areas of interest Economics
  • Academic career PGRD
  • Course convener
    • AsPr Jose Rodrigues Neto
    • Dr Tina Kao
  • Mode of delivery In Person
  • Offered in First Semester 2021
    Second Semester 2021
    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.

The course examines how individuals and firms make decisions by weighing up costs and benefits, and how the interaction of their decisions leads to market and social outcomes. The model of market supply and demand is employed to examine the effects of taxes, subsidies, and other government interventions in market activity. The implications of different market structures, including perfect competition and monopoly, are examined.  Public goods, externalities and common resources are key examples of cases in which private markets may yield socially sub-optimal outcomes.  Such cases are examined and the role of government policy in correcting for these is discussed.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

  1. demonstrate an understanding of the economic principles underpinning modern economics;
  2. demonstrate a basic understanding of the way budget constrained individuals make optimising choices and the way resources are allocated in private markets;
  3. demonstrate an understanding of the role of different trading arrangements in markets and their impact on prices and the quantities traded;
  4. use basic economic principles to evaluate the effects of government interventions and other exogenous changes in markets;
  5. evaluate the effects of government interventions in markets;
  6. present clearly written analysis of economic issues and problems

Other Information

Indicative Assessment

  1. Take home assignments and/or mid term and final exams. Refer to the Class Summary (100) [LO null]

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

130 hours in total over the semester consisting of lectures, tutorials and private study time.

Inherent Requirements

Not applicable

Requisite and Incompatibility

Incompatible with ECON1101

Prescribed Texts

See Class Summary

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
Domestic fee paying students
Year Fee
2021 $2940
International fee paying students
Year Fee
2021 $4890
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

The list of offerings for future years is indicative only.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

First Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
4494 22 Feb 2021 01 Mar 2021 31 Mar 2021 28 May 2021 In Person View

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
7535 26 Jul 2021 02 Aug 2021 31 Aug 2021 29 Oct 2021 In Person View

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