ECON 2512 - Advanced Economics Analysis II
North Terrace Campus - Semester 2 - 2015
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General Course Information
Course Details
Course Code ECON 2512 Course Advanced Economics Analysis II Coordinating Unit Economics Term Semester 2 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 4 hours per week Available for Study Abroad and Exchange Y 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 Assessment 40% assignments, 60% final exam Course Staff
Course Coordinator: Associate Professor Mandar Oak
First 6 weeks of the course will be taught by Dr Duygu Yengin
Last 6 weeks of the course will be taught by Associate Professor Mandar Oak.Course Timetable
The full timetable of all activities for this course can be accessed from Course Planner.
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Learning Outcomes
Course Learning Outcomes
After 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 -
Learning Resources
Required Resources
Hal R. Varian (2009): Intermediate Microeconomics: A Modern Approach, W. W. Norton & Company; Eighth Edition edition (December 3, 2009)
Workouts in Intermediate Microeconomics. Theodore C. Bergstrom. 9th Edition. W.W.Norton
For the second half of the course (weeks 7-12) we will draw on the material available at
http://ocw.mit.edu/courses/economics/14-03-microeconomic-theory-and-public-policy-fall-2010/lecture-notes/
Online Learning
We will use myuni intensively as an online learning tool. -
Learning & Teaching Activities
Learning & Teaching Modes
The 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.Workload
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 Summary
The following topics will be covered for the first 6 weeks:
-Review of consumer choice
-Revealed preferences, Buying and Selling
-General equilibrium
-Externalities
-Public goods
The following topics will be covered during weeks 7-12:
-Choice under uncertainty
-Risk and insurance
-Economics of information
-Contract theory -
Assessment
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 Summary
Assignments for Dr Yengin's part (15%)
Midterm on Week 6 (35%)
Assignments for Assoc. Prof. Oak's part: (15%)
Final Exam (35%)Assessment Detail
Please see the Assessment Summary for a breakdown of the assessment tasks.
Mid-term and Final exam will each be two hour, closed book exams.
Assignments may include problem sets, article presentations and small projects.Submission
No information currently available.
Course Grading
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.
Additional Assessment
If a student receives 45-49 for their final mark for the course they will automatically be granted an additional assessment. This will most likely be in the form of a new exam (Additional Assessment) and will have the same weight as the original exam unless an alternative requirement (for example a hurdle requirement) is stated in this semester’s Course Outline. If, after replacing the original exam mark with the new exam mark, it is calculated that the student has passed the course, they will receive 50 Pass as their final result for the course (no higher) but if the calculation totals less than 50, their grade will be Fail and the higher of the original mark or the mark following the Additional Assessment will be recorded as the final result. -
Student Feedback
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.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
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- LinkedIn Learning
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- YouX Student Care - Advocacy, confidential counselling, welfare support and advice
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Elder Conservatorium of Music Noise Management Plan
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.
The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
