ECON1101 Micro 1 Course OutlineS1.docx

ECON1101 Micro 1 Course OutlineS1.docx

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ECON1101Micro1CourseOutlineS1

AustralianSchoolofBusiness

SchoolofEconomics

ECON1101

MICROECONOMICS

CourseOutline

Semester12011

TableofContents

STAFFCONTACTDETAILS3

1.1Staff3

1.2Communicationswithstaff3

1.3Pitstop3

2COURSEDETAILS4

2.1TeachingTimesandLocations4

2.2UnitsofCredit4

2.3SummaryofCourse4

2.4AimsandRelationshiptoOtherCourses4

2.5StudentLearningOutcomes5

3LEARNINGANDTEACHINGACTIVITIES5

3.1ApproachtoLearningandTeachingintheCourse5

3.2LearningActivitiesandTeachingStrategies6

4ASSESSMENT7

4.1FormalRequirements7

4.2QualityAssurance7

4.3AssessmentDetails8

4.3.1Week9In-SessionTest8

4.3.2TutorialParticipation8

4.4FinalExamFormat9

4.5FeedbackQuizzes9

5ACADEMICHONESTYANDPLAGIARISM10

6COURSEEVALUATIONANDDEVELOPMENT10

7STUDENTRESPONSIBILITIESANDCONDUCT11

7.1Workload11

7.2Attendance11

7.3KeepingInformed11

7.4SpecialConsiderationandSupplementaryExaminations11

Youmustsubmitallassignmentsandattendallexaminationsscheduledforyourcourse.Youshouldseekassistanceearlyifyousufferillnessormisadventurewhichaffectsyourcourseprogress.11

GeneralInformationonSpecialConsideration:

11

8STUDENTRESOURCESANDSUPPORT13

9COURSERESOURCES14

9.1OtherusefulReadings:

14

10COURSESCHEDULE15

10.1LectureSchedule15

10.2TutorialSchedule15

11KEYDATESANDSTUDENTRESPONSIBILITIES16

STAFFCONTACTDETAILS

1.1Staff

LecturerinCharge

DianeEnahoro

RoomNumber:

ASB461

Ph:

93853317

D.Enahoro@unsw.edu.au

ContacttheLecturer-in-Chargeforallacademicmatters.

CourseAdministrator

JonathanLim

RoomNumber:

ASB463

Ph:

93853565

Jonathan.k.h.lim@unsw.edu.au

Lecturers

ArielBenYishay

RoomNumber:

ASB404B

Ph:

93854967

a.benyishay@unsw.edu.au

AlbertoMotta

RoomNumber:

Quad3124

Ph:

93859771

motta@unsw.edu.au

PeterNichols

RoomNumberASB465

p.nichols@unsw.edu.au

ContacttheCourseAdministrator,JonathanLimforallmatters.

Tutors

Afulllistofthetutors’namesandcontactdetailswillbeavailableontheCoursewebsitebythefirstweekofsession.

1.2Communicationswithstaff

Youshouldfeelfreetocontactyourlectureraboutanyacademicmatter.Allenquiriesaboutthesubjectmaterialshouldbemadeatlecturesortutorialsorduringconsultationtime.Discussionofcoursesubjectmaterialwillnotbeenteredintovialengthyemails.

1.3Pitstop

Pitstopprovidesanopportunityforconsultationwithtutors.ItwillstartinWeek3andcontinueuntilWeek15;thatisitcontinuesintotheexamstudyperiod.ThescheduleofPitstoptimesforthiscoursewillbeannouncedontheCoursewebsite.

2COURSEDETAILS

2.1TeachingTimesandLocations

LecturesstartinWeek1andendinWeek12.TutorialsstartinWeek2andendinWeek13.Afulllistoftutorials,timesandnamesoftutorswillbeavailableontheCoursewebsite.

Thelecturetimesandlocationsareshowninthetablebelow.

LectureGroupA

Mon13:

00-14:

00,

Wed10:

00-11:

00

CentralLectureBlock

KeithBurrowsTheatre

LectureGroupB

Mon11:

00-12:

00

Tue14:

00-15:

00

KeithBurrowsTheatre

KeithBurrowsTheatre

LectureGroupC

Thu12:

00-13:

00

Fri16:

00-17:

00

KeithBurrowsTheatre

CentralLectureBlock

LectureGroupD

Wed14:

00-15:

00

Fri11:

00-12:

00

LawTheatre

LawTheatre

LectureGroupE

Wed18:

00-20:

00

LawTheatre

LectureGroupF

Wed15:

00-16:

00

Fri14:

00-15:

00

LawTheatre

RexVowelsTheatre

2.2UnitsofCredit

Thecourseisworth6unitsofcredit.

2.3SummaryofCourse

Thiscourseexaminestheprinciplethatmarketsworkefficientlyintheallocationandproductionofgoodsandserviceswhichresultsinmaximumwelfare.However,sometimesthemarketfailstowork（marketfailure）;thiscourseinvestigatesthereasonsforthemarketfailurewhilstsuggestingremediestothesefailures.Theseremedies,whichincludetheinterventionofthegovernment,arecomparedandevaluatedfortheireffectonefficiencyandwelfaremaximisation.

2.4AimsandRelationshiptoOtherCourses

Theaimofthiscourseistoprovideanintroductiontomicroeconomicanalysis.ThismeansthatECON1101Microeconomics1isanintroductorycourseinthetheoryofmarketswithrelevantapplicationstobusiness,socialandindividualissues.

Thecoursecoverstheprinciplesandconsequencesof“rational”choicebyindividualeconomicagentsinmarkets.Thecoursealsoprovidesanintroductoryanalysisoftheroleofgovernmentsinseekingtoensuretheefficientoperationofmarkets.

ECON1101Microeconomics1providesabroadintroductiontoeconomicanalysisandisacorerequirementforallstudentsintheB.ComandB.Ecprogram.ECON1101MicroeconomicsIisaprerequisiteforECON1102MacroeconomicsIandforallcoursesintheSchoolofEconomicswithacoursecodenumberbeginningwith2or3.

Nopreviousstudyofeconomicsisassumed.

2.5StudentLearningOutcomes

AfterstudyingECON1101,studentsshould:

1.Befamiliarwithacoresetofeconomicconceptsandprinciplesthatareimportantforsoundeconomicreasoningandrationaldecisionmaking

2.Beabletoapplythiscoresetofeconomicconceptsandprinciplestotheunderstandingofawiderangeofeconomicproblemsandissues.

3.Constructeconomicargumentsintermsoftheseconcepts,andpresentlogicaleconomicargumentsinbothwrittenandoralform.

4.Befamiliarwiththedifferentmarketenvironmentsinwhichmanagement,social,andindividualbusinessdecisionsaremade;

5.Haveknowledgeofthejustificationsfor,andlikelyeffectsofGovernmentMicroeconomicpolicy.

ThiscoursecontributestoyourdevelopmentofthefollowingAustralianSchoolofBusinessGraduateAttributeswhicharethequalities,skillsandunderstandingswewantyoutohavebythecompletionofyourdegree.

GraduateAttributes

LearningOutcomes

ASBGraduateAttributes

AttributeNo.

1,2,3,5

Criticalthinkingandproblemsolving

1

2,3

Communication

2

3

Teamworkandleadership

3

4,5

Social,ethicalandglobalperspectives

4

4,5

In-depthengagementwithrelevantdisciplinaryknowledge

5

4,5

Professionalskills

6

3LEARNINGANDTEACHINGACTIVITIES

3.1ApproachtoLearningandTeachingintheCourse

ThephilosophyunderpinningthiscourseanditsTeachingandLearningStrategiesarebasedon“GuidelinesonLearningthatInformTeachingatUNSW.Theseguidelinesmaybeviewedat:

www.guidelinesonlearning.unsw.edu.au.Section3.2（below）providesmoredetailonTeachingandLearningStrategiesforthiscourse.

Thelectures,tutorialsandassessmenthavebeendesignedtoappropriatelychallengestudentsandsupporttheachievementofthedesiredlearningoutcomes.Aclimateofinquiryanddialogueisencouragedbetweenstudentsandtutorsandamongststudents（inandoutofclass）.Thelecturerandtutorsaimtoprovidemeaningfulandtimelyfeedbacktostudentstoimprovelearningoutcome.

TheexaminablecontentofthecourseisdefinedbytheTextreferencesgivenintheLectureOutline,thecontentoflectures,thecontentoftheTutorialProgram,andanyadditionalmaterialprovidedbytheLecturerinCharge.

3.2LearningActivitiesandTeachingStrategies

Studentswillbetaughtthe“coreprinciples”ofeconomicsandgivenpracticeatapplyingtheseprinciplestoeverydayproblems.Theaimistoteachthestudentsto“thinklikeaneconomist”whetheritisineverydayorworkplacesituations

Lectures

ThepurposeofLecturesistoprovidealogicalstructureforthetopicsthatmakeupthecourse;toemphasizetheimportantconceptsandmethodsofeachtopic,andtoproviderelevantexamplestowhichtheconceptsandmethodsareapplied.

Tutorials

Thepurposeoftutorialmeetingsisprimarilytoprovideanopportunityforsmallgroupdiscussionoftheissues,towhicheconomicconceptsandmethodscanbeapplied,andtoprovidepracticeandfeed-backinwritingshortanswersaddressingspecificquestionsassetoutintheProblemandReviewQuestions.

ATutorialProgramwhichcontainstheProblemandReviewQuestionsfortutorialswillbedistributedinthefirstlectureandwillbepostedontheCoursewebsite.

TheProblemQuestionsconsistofselectedend-of-chapterproblemsandexercisesfromthetextbook（Frank,JenningsandBernanke）andotherproblemsandexercises.Studentsshouldattemptthesetofweeklyexercisesbeforeeachtutorial.Thesolutionswillbepostedonthewebthefollowingweek.

Insometutorialsstudentswillbeexpectedtowriteaparagraphtypeanswertoquestions.Inthefirsttutorialsthesewillbeselfassessed,inlatertutorialsthesewillbepeerassessedandinalatertutorialthesewillbeassessedbythetutor.Theaimofthesequestionsistogiveyoupracticeinwritinganswers.Nomarkswillbeawardedtoselfandpeerassessedattemptsbutyourparticipationinthesewritingtasksasawriterandasanassessorwillformthebasisofyourmarkoutof5forclassparticipation.

Inthetutorialsitisexpectedthatthetutorwillcoveronlythosequestionswhichstudentsfindparticularlydifficult.ThismaymeanthatnotallthequestionssetoutintheTutorialProgramwillbeaddressedineachtutorial.QuestionswhicharenotcoveredinthetutorialscanbeaddressedinPITSTOPorPASS（seeSection6.2below）orpostedontheDiscussionforumofthewebsite.

Out-of-ClassStudy

Whilestudentsmayhavepreferredindividuallearningstrategies,itisimportanttonotethatmostlearningwillbeachievedoutsideofclasstime.Lecturescanonlyprovideastructuretoassistyourstudy,andtutorialtimeislimited.

An“ideal”strategy（onwhichtheprovisionofthecoursematerialsisbased）mightinclude:

1.Readin