ECF1100

Microeconomics ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Dr Anwar Ahmed, Dr Wenli Cheng and Dr Siang Ng

Offered:
Caulfield First semester 2005 (Day)
Caulfield First semester 2005 (ESP-EC)
Caulfield First semester 2005 (Evening)
Caulfield Second semester 2005 (Day)
Caulfield Second semester 2005 (OCL)
Malaysia Second semester 2005 (OCL)
Singapore Second semester 2005 (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