ECC1000

Principles of microeconomics ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Dr Ross Booth, Dr Larry Cook and Ms Cathy Fletcher

Offered:
Clayton First semester 2005 (Day)
Clayton Second semester 2005 (Day)

Synopsis: The nature and scope of economics; different economic systems; economic policy analysis and evaluation; main bodies of economic thought; examples of household, business and government economic decision problems; consumer choice, product demand and factor supply; enterprise choice, product supply and factor demand; market analyses of contemporary issues; competitive market long run equilibrium; market power; market failure and concerns for efficiency and equity; government involvement in the Australian economy.

Assessment: Written (class tests and mid semester test): 35% + Tutorial participation and contribution: 5% + Examination (2 hours): 60%

Contact Hours: Three contact hours per week