ECW1101

Introductory microeconomics

(BUS)

Dr Shirley Richardson, Ms Carol Jeffs; Malaysia: Mr Wong Koi Nyen

6 points + 2-hour lecture and 1-hour tutorial per week, plus 9 hours of independent study + OCDL, approximately 12 hours per week + First and second semester, Berwick, Gippsland, Malaysia, Peninsula + First semester, South Africa

Synopsis: An introduction to the study of economics; consumer behaviour; demand and supply and the operation of markets; market efficiency and welfare; welfare effects of international trade; public sector economics; the behaviour of firms and the organisation of an industry; market structures - perfect competition and monopoly; economies of the labour market.

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