ECC2000

Intermediate microeconomics (6 points)

(BUS)

Leader: Dr Barry Goss and Dr Judith Rich

Offered:
Clayton First semester 2003 (Day)
Clayton Second semester 2003 (Day)
Clayton First semester 2004 (Day)
Clayton Second semester 2004 (Day)

Synopsis: Theory of consumer choice, including applications to income-leisure choice and intertemporal consumption; isoquant theory of production; allocative efficiency and competition and monopoly; models of monopolistic competition and oligopoly; input pricing; microeconomic policies to address problems of market failure.

Assessment: Written assignment and/or mid-semester test: 30% + Examination (2 hours): 70%

Contact Hours: Two 1-hour lectures and one 1-hour tutorial per week

Prerequisites: ECC1000 or permission