POGO8016 The Economic Way of Thinking 1

POGO8016 is only available under certain award programs.

Offered By	Policy & Governance
Academic Career	Graduate Coursework
Course Subject	Policy and Governance
Offered in	First Semester, 2009 and First Semester, 2010
Unit Value	6 units
Course Description	This is an introductory course to Microeconomics. Microeconomics examines how consumers and firms make decisions and how they interact with each other in markets. This course aims to provide a solid understanding of basic microeconomic principles and the ability to apply these tools and ideas. Topics covered include supply and demand, the costs of production, the organisation of industry, international trade, and the efficiency and failure of markets.
Learning Outcomes	On successful completion of this unit you will be able to: Demonstrate a sound understanding of what is economics Demonstrate a solid understanding of the principles of demand and supply Demonstrate a sound understanding of household and firm behavior Demonstrate a sound understanding of the organization of industry and market structure Demonstrate a sound understanding of the efficiency and failure of markets and externalities Demonstrate a strong ability to identify economic issues pertinent to particular markets and apply microeconomic theory to these issues.
Indicative Assessment	The assessment of the course has three parts: Four assignments (20%) Mid-semester exam (30%) Final exam (50%)
Workload	This course will be delivered over 13 weeks, involving a 2-hour lecture and a 1.5-hour tutorial each week. Students also need to spend a minimum of 7 hours per week to read textbook, lecture notes, write assignments, and do online exercises.
Course Classification(s)	AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs.
Areas of Interest	Policy Studies
Prescribed Texts	The course will use the Microeconomics part of McTaggart, D., C. Findlay and M. Parkin, (2007), Economics (5th Edition), Melbourne: Addison-Wesley.
Technology Requirements	The course will use CourseCompass to do online course exercises. Students are recommended to have personal computers.
Programs	Graduate Certificate in Development Administration, Graduate Certificate in Public Administration, and Graduate Diploma in Public Administration
Other Information	Delivery mode: on campus, weekly based.
Academic Contact	Dr Chunlai Chen

The information published on the Study at ANU 2009 website applies to the 2009 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2008 website.