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Microeconomics (6 points)


Leader: Dr Christis Tombazos

Clayton First semester 2004 (Day)

Synopsis: Topics include consumer preference theory; choice; demand; technology; profit maximisation and duality; competitive general equilibrium in the context of decreasing, increasing and constant returns; two-part tariffs; expected utility; adverse selection; and moral hazard.

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

Contact Hours: Two 1.5-hour lectures per week

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