This course builds upon material covered in Microeconomics 1 and 2 by introducing some advanced tools of microeconomics theory and applying them to the analysis of the formation and effects of government policies. Topics and techniques that are emphasised include: concepts and measurement of individual and aggregate consumer and producer welfare; partial and general equilibrium efficiency analysis; applications to taxation and regulation (including optimal taxation and the marginal cost of funds); government failure, public choice and the positive theory of government intervention.

A three-hour end-of-semester examination and in-class tests.

Two/Three lectures and one tutorial per week throughout the semester.

ECON2101/2111 Microeconomics 2 (P or H).

For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON3101