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Microeconomics and the Australian Tax System - ATAX0003

School:  Aus School of Tax and Bus Law
Course Outline: See below
Campus: ATAX Campus
Career: Undergraduate
Units of Credit: 6
EFTSL: 0.12500 (more info)
Indicative Contact Hours per Week: 0
Excluded: ATAX0103
CSS Contribution Charge:Band 3 (more info)
Further Information: See Class Timetable


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 excess burden.

Recommended Prior Knowledge


Course Objectives

This course seeks to help you to 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 the effects of regulation and taxes on the allocation of resources

Main Topics

  • Fundamentals of microeconomics
  • Market demand and supply
  • Consumer behaviour and the demand curve
  • Firm behaviour and the supply curve
  • Market outcomes under perfect competition
  • Market outcomes under other market structures
  • Microeconomics of taxation
  • The use of taxation to correct market failure
  • International trade: theory and policy


2 Assignments
1 Exam

Course Texts

Information regarding the Atax Textbook Lists for Semester 1 will be available on the UNSW Bookshop website from 1 February.

Information regarding the Atax Textbook Lists for Semester 2 will be available on the UNSW Bookshop website from 1 July.

Refer to Course Profile supplied by Lecturer.

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.