ECB2120

Microeconomics

(BUS)

Ms Judy Tennant

6 points + 2-hour lecture and 1-hour tutorial per week + First semester + Berwick + Prerequisite: ECB1101

Synopsis: The theory of consumer choice and its relationship to demand, production, costs and supply. Pricing and output decisions of firms in various market structures, including perfect competition, monopoly, monopolistic competition and oligopoly. Efficiency of resource allocation and the problems of externalities, public goods and imperfect information.

Assessment: Assignment: 30% + Examination (3 hours): 70%