ECON 2512 - Advanced Economics Analysis II
North Terrace Campus - Semester 2 - 2014
General Course Information
Course Code ECON 2512 Course Advanced Economics Analysis II Coordinating Unit School of Economics Term Semester 2 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 4 hours per week Prerequisites ECON 1011 or ECON 1008 or STATS 1000 or STATS 1005, ECON 1004, ECON 2506 Incompatible ECON 2509 Assumed Knowledge ECON 1005 or ECON 1010 Restrictions Only available to B.Ec (Advanced) students Course Description This course has two key and complementary objectives: To advance the students' understanding of microeconomic theory beyond Principles of Microeconomics I and Intermediate Microeconomics IIA; and to further develop analytical techniques and research skills from Advanced Economic Analysis I. Enrolment is restricted to BEc(Adv) students. By the end of the course students will have an understanding of the nature of theoretical research and analysis in microeconomics. Students will develop skills in applying theoretical analysis to topics such as market failure and uncertainty, general equilibrium analysis, the role of government and behavioural economics.
Course Coordinator: Professor Ralph-Christopher BayerA/Prof Ralph-C Bayer
Director of AdLab, School of Economics
Office hours: By appointment only, +61 8 8313 4666
Office location: Nexus 10 Building, Level 4, Room 4.19
The course will be taught by four experts in the field.
A/Prof Mandar Oak (Adelaide)
A/Prof Ralph Bayer (Adelaide)
A/Prof Paul Pezanis-Christou (Adelaide)
Dr Paul Schweinzer (York Univeristy, UK)
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning OutcomesAfter successfully participating in this course student will be able to:
1 Understand the the microeconomic underpinnings of welfare economics 2 Make a welfare-economic argument 3 Evaluate the validity of welfare-economic arguments 4 Be familiar with welfare economic concepts (such as allocative efficiency, social welfare, externalities, etc.) 5 Research and write concise comments on welfare-economic topics 6 Complete a group research project and communicate the findins
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1, 4 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 2,5,6 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 5,6 Skills of a high order in interpersonal understanding, teamwork and communication. 6 A proficiency in the appropriate use of contemporary technologies. 4 A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 5 A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 5 An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 1,4,5
Required ResourcesAs a background we use:
Hal R. Varian (2009): Intermediate Microeconomics: A Modern Approach, W. W. Norton & Company; Eighth Edition edition (December 3, 2009)
Online LearningWe will use myuni intensively as an online learning tool.
Learning & Teaching Activities
Learning & Teaching ModesThe course will use a wide variety of learning modes. Lectures will vary between core lectures and research-training oriented workshops. While the core lectures provide the academic economics
knowledge, the workshops provide hands on experience with research in welfare economics.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.On average beyond attending lectures and tutorials, students are expected to spend about 4 hours per week for reading, solving practice examples, preparing projects and studying. The time required may vary across students and topics.
Learning Activities SummaryThe course will have four blocks of three weeks each. Each of the block will be taught by a different expert in the field and will have one piece of assessment that will require students to engage in guided research activity.
Weeks 1-3 Basics of Welfare Economics A/Prof Mandar Oak Weeks 4-6 Externalities A/Prof Ralph Bayer Weeks 7-9 Allocating Mechanisms A/Prof Paul Pezanis-Christou Weeks 10-12 Informational Imperfections Dr Paul Schweinzer
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment SummaryThe assessment will be comprised of four research focused tasks (i.e. one for each of the four blocks) and of a final exam covering the whole course.
The weighting is as follows:
Research tasks 60% (i.e. 15% each) Final exam 40%
No information currently available.
No information currently available.
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending
Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
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