最新糖心Vlog

Summer Semester
Course Coordinator: Mr John Snelling
Office location: Nexus 10, Level 3, Room 3.35 
Contact details:  Email john.snelling@adelaide.edu.au

Semester 1
Course Coordinator: Dr Stephanie McWhinnie
Office location: Nexus 10, Level 4, Room 4.11
Office hour: 4-5pm Tuesdays in teaching weeks of Semester 1
Contact details: Email stephanie.mcwhinnie@adelaide.edu.au

Semester 2
Course Coordinator: Dr Florian Ploeckl
Office location: Nexus 10, Level 4, Room 4.43
Office hours:
Contact details: Email florian.ploeckl@adelaide.edu.au

Knowledge and Understanding
This course aims to develop an understanding of the framework that economists use to analyse choices made by individuals in response to incentives and consider how these choices can also serve the social interest.  The course introduces students to models of how individuals and firms interact within markets, when markets fail, and how government policy may improve outcomes for society. (Learning outcomes 1-6)

Communication Skills
This course aims to develop students’ abilities to construct and sustain an argument using the phrases and concepts that economists use in their deliberations. A theoretical framework is developed in which students acquire an understanding of how economic agents interact and by doing so develop the literacy and verbal communication skills necessary for presenting arguments of an economic nature. (Learning outcomes 7-12)

On the successful completion of the course students will be able to:

1	Explain how competitive markets organise the allocation of scarce resources and the distribution of goods and services
2	Assess the efficiency of markets and describe the various factors that might impact on efficiency
3	Distinguish between the various forms of market failure and explain how governments might need to intervene
4	Describe the various types of markets and compare their efficiency
5	Recognise government failure and explain why government policy might fail
6	Relate the basic economic theory and principles to current microeconomic issues and evaluate related public policy
7	Use economic models to analyse a situation in terms of economics
8	Interpret charts, graphs, and tables and use the information to make informed judgments
9	Work and learn independently and with others
10	Communicate their knowledge and understanding of economic issues using written, verbal and visual expression
11	Evaluate outcomes based on the costs and benefits involved
12	Understand the broader social consequences of economic decisions making

Microeconomics (1st 最新糖心Vlogn Edition)
Jeffrey Perloff, Rhonda Smith and David Round
ISBN 9781442532830
Pearson 最新糖心Vlog

In the past "Microeconomics" by Douglas McTaggart, Christopher Findlay and Michael Parkin (or the microeconomics chapters from "Economics" by the same authors) was the textbook.  You may still use this book - it's available in the library or second-hand - but note that it is your responsibility to determine the appropriate sections to use as reference and understand that while the underlying content is similar, some material is presented differently.

An interesting book you may even read before the course starts or over the first
few weeks is a Random House publication, The Undercover Economist: Exposing Why the Rich Are Rich, the Poor Are Poor and Why You Can Never Buy a Decent Used Car! by Tim Harford. Copies are available in the Barr Smith Library multiple copies collection. You can preview the book at Google Books via the References section of the MyUni site.

If you are interested in learning something about the way economics has developed over the years (centuries), R.L. Heilbroner, Worldly Philosophers, (Simon and Schuster, several editions) provides a very readable account of the ideas, life and times of many of the greatest economists, from Adam Smith to the present.

The course makes extensive use of MyUni for the posting of lecture notes, tutorial exercises, assignments, weekly quiz and important announcements.
It is expected that all students will regularly check the MyUni course website, and regularly check their university email accounts.

A discussion board has been set up on the MyUni website for this course. This will be monitored regularly.  The discussion board will be the key electronic forum where students can clarify their understanding of any topics covered in lectures, tutorials or in the text. It might also be used by students to explore different ways of interpreting tutorial and assignment questions and various approaches to answering them.  It will also be THE place where students will ask questions about the administrative requirements of the course; such things as attendance, assessment, due dates and so on. It might also be a place for students to provide timely critical feedback on aspects of the course they particularly like or dislike and discussion of contemporary economic issues is also encouraged.

Lecture recordings will typically be made available online.  Students should be aware that there may be occasional instances where lecture recording fails due to technical issues.

Each topic is divided into a lecture component and a tutorial component. The lecture covers the key concepts of a particular topic. Tutorials will consolidate your understanding of course material by working through analytical problems and expand your understanding of course material through group discussion on current issues related to the topic. You should use the relevant sections of the textbook to enhance your understanding of topics covered in the lectures and tutorials.  The tutorials and weekly assessments follow after the lecture, so for example the lecture content covered in week 1 will be covered in the tutorial session in week 2 and the weekly assessments due in week 2.

The 最新糖心Vlog expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This translates to 12 hours per week for a semester course.

Week		Lecture Topic	Text reference PSR 1st Ed
1		What is economics?	Ch 1
2		Supply and demand	Ch 2
3		Applying supply and demand	Ch 3
4		Consumer theory	Ch 4&5
5		Producer theory	Ch 6&7
6		Perfect competition	Ch 8
		Mid-Semester Break (14th to 25th April)
7		Welfare	Ch 9&10
8		Trade	Ch 10
9		Monopoly and regulation	Ch 11&12
10		Oligopoly and monopolistic competition	Ch 13
11		Games and strategic behaviour	Ch 14
12		Externalities and public goods	Ch 18
		Optional week - no classes for this course
		SWOT VAC
		EXAMINATIONS

This is planned outline of activities.  Changes may be made as the course progresses.  Please see the lecture notes and MyUni for up-to-date references.

Assessment includes tutorial work that will consist of weekly assignments, weekly online tests, and a final exam.
Weekly Tutorial Assignments (best 8 out of 11) 25%
Weekly Online Quizzes (best 10 out of 13) 10%
Final exam 65%

Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process, and may affect marks.

It is expected that students will complete all 11 assignments and 13 quizzes and thus the “best of” is to allow leeway in the event of technical failure or illness or compassionate issues. As such, there will not generally be any special consideration of these issues but please contact the Course Coordinator to discuss any concerns.

Weekly tutorial assignments 25%
Students will be asked to submit written answers to the indicated questions on the weekly tutorial exercises, which will be available to download from MyUni on a weekly basis. Only the best 8 weekly tutorial assignments will contribute to the grade for this component of assessment, which in total will be 25% of assessment. Instructions on the submission and return of these weekly assignments will be provided on MyUni.

Weekly Online Quizzes 10%
The weekly quizzes will be conducted online each week. The grade for this component will be based only on the score of the student鈥焥 best 10 quizzes out of the total 13. Further details on how and when to access these quizzes will be provided on MyUni.

Final exam 65%
The final exam will be a 3-hour exam, plus 10 minutes reading time. This exam may assess all topics covered in the course. Details regarding the structure will be posted on MyUni. A past semester's exam is available on MyUni, which follows a similar structure. Please note that this is a closed book exam. Dictionaries of any type will not be allowed in the exam. Calculators will be allowed in the exam, but calculators that can store text, are programmable, or have wireless functions will not be permitted. This means graphics calculators are not permitted, and some particular scientific calculators may not be permitted.

Refer to MyUni for detailed instructions regarding submission.
Students must retain a copy of all assignments submitted.
Late submissions will not be accepted.

A summary of and response regarding past SELTs for this course is available on MyUni.