Introduction to microeconomic theory and policy
(
6 points,
SCA Band 2, 0.125 EFTSL)
Leader: Dr Tissa Rajapakse
Offered:
AUSTIN First semester 2006 (OCL)
Gippsland First semester 2006 (OCL)
Parkville First semester 2006 (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%
