ECX9120

Introduction to microeconomic theory and policy (6 points)

(BUS)

Leader:

Offered:
AUSTIN First semester 2003 (OCL)
Gippsland First semester 2003 (OCL)
Parkville First semester 2003 (OCL)
AUSTIN First semester 2004 (OCL)
Gippsland First semester 2004 (OCL)
Parkville First semester 2004 (OCL)

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%