ECX2710

Microeconomics

(BUS)

Dr Siang Ng and Ms Judy Taylor

6 points + 3 hours per week + First and second semester (Caulfield and Peninsula) + First semester (Distance)

Synopsis: An introduction to microeconomic theory and policy; basic demand and supply analysis; consumer behaviour and elasticity; costs of production and profit maximisation; the output and price decision of firms operating under different market conditions; market failure; payments to factors of production; income inequality and poverty; current government microeconomic policies.

Assessment: On campus (mid-semester test, 20%; examination of 2 hours, 80%): 100% + Off campus (assignment of 1500 words, 30%; examination of 2 hours, 70%): 100%