ECF1100

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

Leader: Dr Wenli Cheng and Dr Siang Ng

Offered:
Caulfield First semester 2006 (Day)
Caulfield First semester 2006 (ESP-EC)
Caulfield First semester 2006 (Evening)
Caulfield Second semester 2006 (Day)

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: In-course assessment: 20% + Mid-semester test: 20% + Examination (2 hours): 60%

Contact Hours: 3 hours per week

Prohibitions: ECF2100 and PMM2020