ECG9120

Introduction to microeconomic theory and policy

(BUS)

Proposed to be offered next in 2002

To be advised

6 points + Gippsland, OCDL + 12 hours per week + First 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%