Students are recommended to purchase this textbook:
- Parkin, M. & Bade, R, Microeconomics: Australia in the Global Environment, Pearson.
Additional References (in alphabetical order):
Apart from the textbook above, students may find the following resources useful as well. Most reputable microeconomic textbooks cover the same economic theories, but perhaps you may want to refer to supplementary chapters from these texts for topics that you need extra help on:
- Gans, J., King, S., Byford, M. & Mankiw, N. G. Principles of Microeconomics: Australia and New Zealand Edition 6th Ed., Cengage Learning.
- Hubbard, G., Garnett, A, Lewis, P. & O'Brien, T. Microeconomics 3rd Ed., Pearson, Australia.
- McEachern, W., Microeconomics: A Contemporary Introduction 11th Ed., Cengage Learning.
- Stiglitz, J., Walsh, C.E.,Gow, J. & Richmond, B. Introductory Microeconomics: First Australian Edition, Wiley.
Students interested in a very readable and non-technical account of where many of the economic ideas studied in this course come from are encouraged to consult:
- Kishtainy, N. (2017). A Little History of Economics. London: Yale University Press.
A copy of all of these books has been placed in the reserve section of the library. If you purchase a copy of a book, the publisher provides a range of support material for the textbook, including a website. Information on accessing this material is provided in the introduction to the text. The website material includes trial questions and quizzes. You may find it useful to devote some limited time to these questions and quizzes. They will give you some feedback on how your understanding is progressing. Note however that the bulk of your study time, outside of the classroom, should be devoted to studying.
For equity concerns, the library has assisted ECON111 with placing scanned resources from a variety of resources on the library's e-Reserve website. If you are facing financial difficulties in obtaining a textbook, this could be an option for you.
Technology Used and Required
The unit uses the learning management system (iLearn) that can be accessed via iLearn.mq.edu.au. The lecture slides for each week’s lecture will be posted on iLearn before the lecture. You will find it useful to download the slides prior to the lecture, and bring them to the lecture. The iLearn site is also used to post important notices. You should check this regularly. The iLearn web page has the facility to allow peer to peer discussion and also allows students to put questions to an Online-Tutor. The Online-Tutor will attempt to answer your questions in a timely manner.
Learning and Teaching Activities
This unit is taught as a mix of tutorials and lectures. The lectures are designed to provide the tools which can then be applied in tutorials.
Lectures – large group learning (2 hours for each topic)
Lectures are intended to provide an overview of the key concepts explored in the unit. Students are expected to read the relevant chapters before each lecture. Independent learning ECON111 relies heavily on independent learning where students read the relevant chapter, revise lecture notes and prepare answers to the tutorial questions.
Tutorials – small group learning (1 hour for each topic)
Tutorials constitute a critical learning experience of this unit and students must attend. Group work is an essential part of this learning. In ECON111 we emphasise peer-to-peer learning by working as a group through the exercises and learning from others. Your tutor's role is to help you understand the material. Ask your tutor for guidance on how to approach questions and problems.
After the tutorials – the learning continues. At the end of each teaching day, review your tutorial notes, compare your answers to those of friends, members of your group and the discussion board. Note that model answers will not be provided. You get the answers by engaging in all the above activities.
PAL, Peer Assisted Learning (1 hour for each topic)
Revision of the material from both lectures and tutorials.