- Code IDEC8064
- Unit Value 6 units
- Offered by Crawford School of Public Policy
- ANU College ANU College of Asia and the Pacific
- Course subject International and Developmental Economics
- Areas of interest Economics
- Academic career PGRD
- Dr Long Chu
- Mode of delivery Online or In Person
First Semester 2021
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This is a Masters and PhD level course covering a range of topics in applied microeconomics. The course emphasises a series of research tools and applications with a focus on techniques for quantitative policy analysis. Applications include preference and welfare analysis, productivity and efficiency measures, partial and general equilibrium, management of open-access resources and non-market valuation. In addition to paper-and-pen exercises, students will use computers to perform analysis such as evaluating policy impacts with CGE models, optimal timing for infrastructure investments, comparing productivity of firms and estimating willingness-to-pay for ecological services
Upon successful completion, students will have the knowledge and skills to:
- Demonstrate mastery of knowledge and understanding of a wide range of the mathematical concepts, formalisms and techniques that are commonly used in applied microeconomics.
- Demonstrate the capacity to apply the analytical methodology learned to the real world situation.
- Demonstrate competency with the mathematical techniques required for modelling microeconomic problems for policy analysis and evaluation.
- Plan, design and execute common policy analysis and evaluation using computers.
- Three online quizzes (non-redemptive 10% each). (30) [LO 1,2,3,4]
- Mid-term exam (redemptive). (5) [LO 1,2,3,4]
- Final exam. This course covers a lot of material in a short space of time. It is essential that you work consistently throughout the semester. (65) [LO 1,2,3,4]
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A standard course workload is 130 hours including in class time and independent study.
Requisite and Incompatibility
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Available on the Wattle course site
· Mathematics: High school algebra, derivative/integration calculus and optimization.
· Statistics and Econometrics: Descriptive statistics and regressions.
· Computer: MsExcel skill is assumed. Students will be introduced to R (http://www.r-project.org) for statistical analysis. However, works in any of the following platforms will be accepted: Matlab, C, Mathematica, Maple, Python, Julia, Visual Basic, Stata, Eviews.
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.
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- 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.
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