Microeconomics & Aust Tax Syst - ATAX0103

 
Faculty: Faculty of Law
 
   
 
Course Outline: See below
 
 
Campus: ATAX Campus
 
 
Career: Postgraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.125 (more info)
 
 
Contact Hours per Week: 0
 
 
Enrolment Requirements:
 
 
Restricted to students enrolled in Program 5541
 
 
Fee Band: 2 (more info)
 
 
Further Information: See Class Timetable
 
 

Description


This course provides an introduction to basic microeconomic concepts and skills, and demonstrates their use in order to gain a clear understanding of economic problems and policy issues relevant to the Australian economy. It introduces students to the economic behaviour of small decision-making units such as households, firms and government agencies, with particular reference to the effects of taxation on markets. Emphasis is placed on analytical skills and key concepts which are relevant to tax professionals including, for example, opportunity cost, market equilibrium, elasticity, substitution and income effects, tax incidence and efficiency costs of taxation.


Course Objectives


This course seeks to help students develop:
  • an ability to recognise economic problems as choice problems arising from scarcity
  • a thorough familiarity with the working of markets through the interaction of demand and supply
  • an understanding of the effects of regulation and taxes on the allocation of resources.

Modes of Delivery


Flexible Learning

Assessment


Assignment 1 2500 words 20%
Assignment 2 2000 words 20%
Final Examination Closed book 60%

Pass Requirements


  • 50 per cent or more of the total marks available in the course and
  • at least 40 per cent of the marks available for the final examination in the course.