This course is available for on-campus & remote (online) learning. All students participate in interactive, real-time classes.
This is a Master-level course in modern microeconomic theory. The course covers consumption theory, production theory, theories of the competitive market, general equilibrium theory, and externalities and public goods. Principles will be applied to important policy areas such as tax policy, the role of government, and management of the environment. The course will equip students with the essential tools of microeconomics that provide a lens to apply to case studies such as poverty and inequality reduction, climate change policy, and pandemic responses. The course will help students understand how decisions are made by individuals and businesses in everyday life and how economic actors respond to economic policies.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Demonstrate an understanding of the basic principles of and key concepts in modern microeconomics.
- Demonstrate a critical understanding of the role and key assumptions of economic models used in microeconomic analysis.
- Apply key tools for analysing the microeconomics of competitive markets and externalities.
- Analyse microeconomic problems relating to competitive markets and externalities.
- Critically apply microeconomic principles to the assessment of public policies.
Indicative Assessment
- Quiz 1 (5) [LO 1,2,3,4,5]
- Group tutorial problem assignment (5) [LO 1,2,3,4,5]
- Mid-semester examination (35) [LO 1,2,3,4]
- Quiz 2 (5) [LO 2,3,4,5]
- Final examination (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 Applications, 13th edn, Cengage Learning.
Preliminary Reading
Nicholson, W & Snyder, C 2017, Microeconomics: Basic Theory and Extensions 12th edn, Cengage Learning.
Information on additional texts will be available on the Wattle course site.
Assumed Knowledge
Knowledge in calculus and optimisation is essential.
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.
