ECF1100

Microeconomics (6 points)

(BUS)

Leader: Dr Zhongmin Wang and Associate Professor Ian Ward

Offered:
Caulfield First semester 2003 (Day)
Caulfield First semester 2003 (ESP-EC)
Caulfield First semester 2003 (Evening)
Caulfield Second semester 2003 (Day)
Caulfield Second semester 2003 (Evening)
Caulfield Second semester 2003 (OCL)
Malaysia Second semester 2003 (OCL)
Caulfield First semester 2004 (Day)
Caulfield First semester 2004 (ESP-EC)
Caulfield First semester 2004 (Evening)
Caulfield Second semester 2004 (Day)
Caulfield Second semester 2004 (Evening)
Caulfield Second semester 2004 (OCL)
Malaysia Second semester 2004 (OCL)

Synopsis: Economics as an area of knowledge. Economics in a business degree. Understanding economic policy. An analysis of markets: supply and demand; consumer behaviour; firm behaviour; cost of production and profit maximisation; behaviour of firms in different market structures; evaluation of market capitalist economic systems, economic efficiency, market failure, government failure; current economic policies, competition policy, privatisation and the funding of education.

Assessment: on-campus (assignment 5%; mid-semester test 20%; tutorial work 15%; 2-hour examination 60%): 100% + Distance (1500 word assignment 30%; 2-hour examination 70%): 100%

Contact Hours: 3 hours per week

Prohibitions: ECF2100