ECON7073 Microeconomic Principles for Economic Policy
| Offered By | School of Economics |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | Economics |
| Offered in | First Semester, 2011, Second Semester, 2011, First Semester, 2012, and Second Semester, 2012 |
| Unit Value | 6 units |
| Course Description |
The course examines how individuals and firms make decisions by weighing up costs and benefits, and how the interaction of their decisions leads to market and social outcomes. The model of market supply and demand is employed to examine the effects of taxes, subsidies, and other government interventions in market activity. The implications of different market structures, including perfect competition and monopoly, are examined. Public goods, externalities and common resources are key examples of cases in which private markets may yield socially sub-optimal outcomes. Such cases are examined and the role of government policy in correcting for these is discussed. Special attention is given to the design of schemes aiming to reduce carbon emissions. |
| Indicative Assessment |
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| Course Classification(s) | TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses. |
| Areas of Interest | Economics |
| Eligibility | At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree. |
| Prescribed Texts | See Course Website |
| Preliminary Reading | See Course Website |
| Indicative Reading List | See Course Website |
| Programs | Graduate Certificate in Economic Policy and Graduate Certificate in Economic Policy |
| Other Information |
See Course Website |
| Academic Contact | See: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON7073 |
The information published on the Study at ANU 2011 website applies to the 2011 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2010 website.
