• 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
  • Mode of delivery In Person
  • Offered in First Semester 2023
    Second Semester 2023
    See Future Offerings

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

Students need to have completed BOTH introductory microeconomics (ECON1101 or the equivalent) AND intermediate microeconomics (ECON2101 or the equivalent) to gain credit from a previous study.

Indicative Assessment

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

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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 and ECON2101.

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 Description
2023 $4560 Standard Rate
2023 $3600 Grandfathered Rate*

*continuing students in nominated programs only. See fee website

International fee paying students
Year Fee
2023 $5820
Note: Please note that fee information is for current year only.

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.

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
4404 20 Feb 2023 27 Feb 2023 31 Mar 2023 26 May 2023 In Person N/A

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
7046 24 Jul 2023 31 Jul 2023 31 Aug 2023 27 Oct 2023 In Person N/A

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