ECG9120

Introduction to microeconomic theory and policy

(BUS)

Ms Judith Tennant

6 points + Gippsland, distance + 12 hours per week + First and second semester

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, from the regional perspective, of resource allocation and the problems of externalities, public goods and imperfect information. Contemporary microeconomic policy issues from the regional perspective.

Assessment: Assignment: 40% + Examination: 60%