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, 2010 and First Semester, 2011
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, market structure, international trade, and the efficiency and failure of markets.
Learning Outcomes	On successful completion of this course you will be able to: Demonstrate a solid understanding of "the economic way of thinking". Demonstrate a solid understanding of the principles of supply and demand, including consumer and firm behaviour. Demonstrate a solid understanding of market structure, performance and failure. Identify economic issues pertinent to particular markets and apply microeconomic theory to these issues. Present in written form arguments using both economic reasoning and actual evidence.
Indicative Assessment	The assessment for this course has four components: Examinable Tutorial Tests (10%) Short Essay (15%) Mid-Semester Exam (25% - redeemable) Final Exam - (50% or 75%)
Workload	The course will be delivered over 13 weeks, involving a 2-hour lecture and a 1.5-hour tutorial each week. Students will also be expected to spend a minimum of six hours per week reading the textbook, revising lecture notes and preparing for tutorials.
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 Robert Frank, Sarah Jennings and Ben S. Bernanke, 2009, Principles of Microeconomics, McGraw Hill Australia
Technology Requirements	None
Programs	Graduate Diploma in Public Administration and Graduate Certificate in Public Administration
Other Information	Delivery mode: on campus, weekly based.
Academic Contact	Dr Jane Golley

The information published on the Study at ANU 2010 website applies to the 2010 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2009 website.