Economics 1(H) includes ECON1102 Macroeconomics 1 with two additional contact hours a week. It is designed for the better performing students who want to extend their exposure to economics beyond that offered in the standard first year courses in microeconomics and macroeconomics. As such, students enrolling in this course should have achieved at least a credit (above 60%) for Microeconomics 1.

The first part of the course uses the tools of Microeconomics 1 to examine in greater depth topics such as the efficiency of competitive markets (market success) and the theory of market failure – including externalities; transactions costs; congestion, common property and the anti-commons; natural monopoly; non-excludability, non-rivalry and public goods; strategic behaviour and game theory.

The analysis will be applied to a number of topical public policy issues including carbon pricing, intellectual property, infrastructure pricing and provision, and road charging. The course finishes with an examination of public choice: the economics of the political process.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

1. demonstrate an understanding of the core theoretical models used by macroeconomists, in particular the Solow growth model and the AS/AD-model;
2. discuss the usefulness and limitations of these models;
3. explain and demonstrate an understanding of some of the associated empirical implications and policy issues;
4. demonstrate the ability to critically evaluate many newspaper and magazine articles covering current economic events;
5. demonstrate a brief understanding of some of the institutional features of the Australian economy and some overseas economies;
6. demonstrate the ability to analyse a problem from an economics perspective, or at least understand how economists think;
7. Recognise the economic issues in a problem and apply the appropriate tools to analyse it;
8. demonstrate an understanding of the economic tools taught in class and be able to apply them to analyse real world problems and policy issues.

Research-Led Teaching

While the course’s mission is to teach macroeconomic principles, a strong emphasis will be placed on critical thinking. The ECON1100 lectures are designed to introduce you to how economic theory is used in practice with examples for the Australian Public Service, Productivity Commission and Academics.

Examination Material or equipment

The midterm and final examinations for ECON1102 will be scheduled by the central examinations office. The final exam and the midterm exam will be held in person. Further details about the exams will be provided, including exact format, content covered, etc., will be made available on Wattle and in the lectures by the end of week 4 (midterm) and week 10 (final).

Required Resources

The following textbook will form the basis for much of this course:

• Holden, Stevenson, and Wolfers, Macroeconomic Principles Australian edition, 1st edition, New York: Macmillan, 2023. Copies of this book have been placed on 2-hour loan in the Chifley library. An online version of the textbook is also available through the ANU library website.

If you wish to purchase a copy, you should be able to do so through the Harry Hartog campus bookshop. Alternatively, order a copy through www.amazon.com  or www.bookdepository.com.

Other materials, available online, will also be prescribed to supplement the text on certain topics. These links will be provided on the Wattle site in advance of the relevant lectures.

Recommended Resources

Cowen and Tabarrok, Modern Principles of Macroeconomics, 6th Ediiton, New York, Macmillian, 2024.

Staff Feedback

Students will be given feedback in the following forms in this course:

• written comments
• verbal comments
• feedback to whole class, groups, individuals, focus group etc

Student Feedback

ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). Feedback can also be provided to Course Conveners and teachers via the Student Experience of Learning & Teaching (SELT) feedback program. SELT surveys are confidential and also provide the Colleges and ANU Executive with opportunities to recognise excellent teaching, and opportunities for improvement.

Class Schedule

Week/Session	Summary of Activities	Assessment
1	Introduction and reflective writing workshop
2	Guest Speaker
3	Guest Speaker	ECON1102: In tutorial quiz 1; ECON1100 Reflective Essay due
4	Guest Speaker	ECON1100 Reflective Essay due; Group 1 case study due
5	Guest Speaker	ECON1102: In tutorial quiz 2; ECON1100 Reflective Essay due; ECON1100 Group 2 case study due
6	Guest Speaker	ECON1102: In tutorial quiz 3; ECON1100 Reflective Essay due; ECON1100 Group 3 case study due
7	Guest Speaker	ECON1100 Reflective Essay due; ECON1100 Group 4 case study due
8	Guest Speaker	ECON1102: In tutorial quiz 4; ECON1100 Reflective Essay due; ECON1100 Group 5 case study due
9	Guest Speaker	ECON1100 Reflective Essay due; ECON1100 Group 6 case study due
10	Guest Speaker	ECON1102: In tutorial quiz 1; ECON1100 Reflective Essay due; ECON1100 Group 7 case study due
11	Guest Speaker	ECON1100 Reflective Essay due; ECON1100 Group 8 case study due
12	Guest Speaker	ECON1100 Reflective Essay due; ECON1100 Group 9 case study due
13		ECON1100 Reflective Essay due; ECON1100 Group 10 case study due
14		ECON1100 Group 11 case study due

Tutorial Registration

ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.

For ECON1100 - you will need to attend the lectures and a tutorial for ECON1102 Macroeconomics 1 AND the lectures and workshop for ECON1100 (Thursday 4-7pm)

Assessment Summary

Assessment task	Value	Due Date	Return of assessment	Learning Outcomes
ECON1102 In Tutorial Quizzes	10 %	*	*	2,3,4,5
ECON1102 Mid Semester Exam	10 %	*	*	2,3,4,4
ECON1102 Final Examination	30 %	*	28/11/2024	1,2,3,4,5
ECON1100 Weekly reflective essays	20 %	*	30/11/2023	1,2,3,4,5
ECON1100 Group Case Study	10 %	*	*	6,7,8
ECON1100 Weekly In Class Notes	5 %	*	*	6,7,8
ECON1100 Final Reflective Essay	15 %	08/11/2023	28/11/2023	6,7,8

* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details

Policies

ANU has educational policies, procedures and guidelines , which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Integrity Rule before the commencement of their course. Other key policies and guidelines include:

• Academic Integrity Policy and Procedure
• Student Assessment (Coursework) Policy and Procedure
• Extenuating Circumstances Application
• Student Surveys and Evaluations
• Deferred Examinations
• Student Complaint Resolution Policy and Procedure
• Code of practice for teaching and learning

Assessment Requirements

The ANU is using Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. For additional information regarding Turnitin please visit the Academic Skills website. In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.

Moderation of Assessment

Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.

Participation

You are required to attend all lectures and tutorials/workshops for the ECON1102 Macroeconomics 1 course, as well as the lectures and workshop/discussion session for ECON1100 to complete this course. Overall, your final grade will be a weighted average of the two components (ECON1100 will count for 50% of your final grade and ECON1102 for 50% of your final grade). The weighting shown in the assessment tasks in this Class Summary include both the components for ECON1102 and ECON1100 with their respective weights.

ECON1100 is delivered by a series of guest lecturers from the ANU, the Australian Public Service and others. These lectures are designed to introduce you to how economics is used 'in the real world' and the skills that are required for post-university life. As such, if you are unable to faithfully attend the campus lectures and workshops for ECON1100 you should enrol in ECON1102 only. ECON1100 workshops are typically not recorded, and attendance is the only way to engage with the material.

Examination(s)

Please see information under assessments.

Assessment Task 1

ECON1102 In Tutorial Quizzes

10%, non-compulsory & redeemable

There will be 5 in-tutorial quizzes. Each quiz will consist of 10 multiple choice questions and will be given at the last 20 minutes of the tutorials in week 3 (covering weeks 1 and 2), week 5 (covering weeks 3 and 4), week 6 (covering weeks 5), week 8 (covering weeks 6, 7) and week 10 (covering weeks 8 and 9). At least one quiz result will be returned before the census date. 

Assessment Task 2

ECON1102 Mid Semester Exam

10%, compulsory & non-redeemable

There will be one mid-term exam, testing the entire material covered in the first five weeks. The exam will probably be 90 minutes long including the reading time. The exact time will be announced as soon as practical to avoid any clashes with other midterm examinations. The midterm exam will be a mix of multiple choice, short-answer, and long-answer type of questions. It will be delivered in person in Week 6 or 7. Further details about the exam will be provided by the end of week 4.

Assessment Task 3

ECON1102 Final Examination

30%, compulsory & non-redeemable

2-3 hours in duration

The final exam will be a closed-book exam; the only permitted material will be a non-programmable calculator. It will test the entire material covered throughout the semester.

The format of the final exam, which will probably be 3 hours long, has not yet been determined. Most likely, it will consist of two parts. The first part contains multiple choice questions (MCQ). The second part contains a combination of “short answer” questions (SAQ) that typically focus on a single concept and "long answer" questions (LAQ). Good answers to SAQs range from a couple of sentences to approx. half a page, rarely longer. LAQs, which typically have several sub-questions, test your technical skills as well as your general understanding, intuition and knowledge of macroeconomics.

Answers on exams should be clear, neat, relevant and concise. Further detailed information about the exam will be provided by the end of week 10.

Assessment Task 4

ECON1100 Weekly reflective essays

20%, compulsory & non-redeemable

You will be required to write a reflective-style essay for each lecture and submit it through Turnitin on Wattle. The best 6 out of 10 essays will count toward your final grade. Your participation in the discussion session immediately following the guest lectures will greatly enhance your ability to complete this task to a high standard.

The essays will be 400 words in length. Anything 10% above this limit will not be read or marked.

These will be marked and returned the following week.

Further details, including guidance on how to write a reflective essay and a marking rubric will be given in week 1.

Assessment Task 5

ECON1100 Group Case Study

10%, compulsory & Non redeemable

Students will be allocated into 11 groups of two to four students each, depending on enrolment.

Each group will produce a 'case study' from their allocated week's lecture and workshop. The case study will include a summary of the most relevant economic theory followed by a summary of the lecture material as an example of that theory's use in practice.

Each essay will be due 5pm Friday two weeks following the lecture (for example the case study for group1 covering lecture in week 2 will be due Friday week 4 as laid out in overview table). These case studies will form a 'book' available to students at the end of the course.

Case Studies will be returned within 2 weeks.

Word limit: 1000 words. Anything 10% above this limit will not be read or marked.

Assessment Task 6

ECON1100 Weekly In Class Notes

5% compulsory & non redeemable

You will be required to take notes of the Lecture and the Workshop following a KLIQE structure. KLIQE is designed as a way to foster engagement. The note will be submitted through Turnitin on Wattle by 23:59 on the Friday after each lecture. The best 7 out of 10 will count toward your final grade. Further details about structured note-taking will be given in Week 1.

Assessment Task 7

ECON1100 Final Reflective Essay

15% compulsory & Non redeemable

A final essay will be due at 5pm, Friday 8 November (during the ANU exam block). This essay will cover aspects of the whole course with specific details, including a marking rubric given in Week 9 or 10.

The essay will be 1200 words in length. Anything more than 10% over this limit will not be marked or read.

The essay will be handed in through Turnitin on the Wattle site and returned upon release of grades 28/11/24.

Academic Integrity

Academic integrity is a core part of the ANU culture as a community of scholars. The University’s students are an integral part of that community. The academic integrity principle commits all students to engage in academic work in ways that are consistent with, and actively support, academic integrity, and to uphold this commitment by behaving honestly, responsibly and ethically, and with respect and fairness, in scholarly practice.

The University expects all staff and students to be familiar with the academic integrity principle, the Academic Integrity Rule 2021, the Policy: Student Academic Integrity and Procedure: Student Academic Integrity, and to uphold high standards of academic integrity to ensure the quality and value of our qualifications.

The Academic Integrity Rule 2021 is a legal document that the University uses to promote academic integrity, and manage breaches of the academic integrity principle. The Policy and Procedure support the Rule by outlining overarching principles, responsibilities and processes. The Academic Integrity Rule 2021 commences on 1 December 2021 and applies to courses commencing on or after that date, as well as to research conduct occurring on or after that date. Prior to this, the Academic Misconduct Rule 2015 applies.

 

The University commits to assisting all students to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. All coursework students must complete the online Academic Integrity Module (Epigeum), and Higher Degree Research (HDR) students are required to complete research integrity training. The Academic Integrity website provides information about services available to assist students with their assignments, examinations and other learning activities, as well as understanding and upholding academic integrity.

Online Submission

You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) submission must be through Turnitin.

Hardcopy Submission

For some forms of assessment (hand written assignments, art works, laboratory notes, etc.) hard copy submission is appropriate when approved by the Associate Dean (Education). Hard copy submissions must utilise the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.

Late Submission

Individual assessment tasks may or may not allow for late submission. Policy regarding late submission is detailed below:

• Late submission not permitted. If submission of assessment tasks without an extension after the due date is not permitted, a mark of 0 will be awarded.

Referencing Requirements

The Academic Skills website has information to assist you with your writing and assessments. The website includes information about Academic Integrity including referencing requirements for different disciplines. There is also information on Plagiarism and different ways to use source material.

Extensions and Penalties

Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. Extensions may be granted for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.

Privacy Notice

The ANU has made a number of third party, online, databases available for students to use. Use of each online database is conditional on student end users first agreeing to the database licensor’s terms of service and/or privacy policy. Students should read these carefully. In some cases student end users will be required to register an account with the database licensor and submit personal information, including their: first name; last name; ANU email address; and other information.
In cases where student end users are asked to submit ‘content’ to a database, such as an assignment or short answers, the database licensor may only use the student’s ‘content’ in accordance with the terms of service – including any (copyright) licence the student grants to the database licensor. Any personal information or content a student submits may be stored by the licensor, potentially offshore, and will be used to process the database service in accordance with the licensors terms of service and/or privacy policy.
If any student chooses not to agree to the database licensor’s terms of service or privacy policy, the student will not be able to access and use the database. In these circumstances students should contact their lecturer to enquire about alternative arrangements that are available.

Distribution of grades policy

Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes.

Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.

Support for students

The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).

• ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
• ANU Access and inclusion for students with a disability or ongoing or chronic illness
• ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
• ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
• ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
• ANUSA supports and represents all ANU students