Students are recommended to purchase the following textbook:
- Goolsbee, A, Levitt, S.. & Syverson, C, (2020) Microeconomics (3rd Ed.), Macmillan.
The text is available for purchase https://www.booktopia.com.au/coop or may be purchased as an e-book (https://www.vitalsource.com/en-au/products/microeconomics-austan-goolsbee-steven-v9781319136 628?term=goolsbee).
The publisher also provides additional resources through 'Launchpad', an online site that includes the e-book and various other resources (practice tests, etc). If you have purchased an access code for Launchpad, you should go to the website http://www.macmillanhighered.com/launchpad/gls2e/10291617 and enroll in the online course. Please note, this is an extra resource and it is NOT required for the unit. It is entirely optional whether or not you wish to purchase these extra resources. More information about Launchpad is provided in the introduction to the text.
Additional references (in alphabetical order)
Apart from the prescribed textbook, students may find the following resources useful.
- Frank, R.H. (2010), Microeconomics and Behavior (8th Ed), Boston: McGraw-Hill.
- Nechyba, T.J. (2011), Microeconomics: An Intuitive Approach with Calculus (1st Ed), South-Western.
- Perloff, J.M. (2016) Microeconomics (7th Ed), Pearson
- Pindyck R.S. and Rubinfeld D.L. (2017), Microeconomics (9th Ed), Pearson International Edition.
- Varian, H.R. (2014), Intermediate Microeconomics: A Modern Approach (9th Ed), New York: Norton.
For equity concerns, the library has assisted ECON2003 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 by 5pm Friday each week before the following week's 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 – weekly online ECHO recordings (1.5 hours for each topic) and four live online revision lectures (1.5 hours in weeks 4, 7, 10, 13)
Lectures are intended to provide an overview of the key concepts explored in the unit. Students are expected to read the relevant chapter(s) before each lecture. ECON2003 relies heavily on independent learning where students read the relevant chapter(s), revise lecture notes and prepare answers to the tutorial questions.
Live online revision lectures will cover material from the preceding three weeks of lectures. For example, the first revision lecture in week 4 will cover material from weeks 1-3, the second revision lecture in week 7 will cover material from weeks 4-6, and so on. The revision lectures will be an interactive experience, including live quizzes and discussion of example questions relevant to the respective topics covered.
Tutorials – weekly face-to-face or online Zoom meetings (1 hour for each topic)*
Tutorials constitute a critical learning experience of this unit. In ECON2003 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. Brief tutorial solutions and accompanying ECHO recordings of these solutions will be posted on iLearn after completion of all classes each week.
* Subject to changes due to covid-19 (which will be highlighted on iLearn, if relevant), delivery of face-to-face tutorials will revert to online formats if necessary.
PAL, Peer Assisted Learning (1 hour for each topic)
Revision of the material from both lectures and tutorials. Details will be provided on iLearn.