ECF1100 - Microeconomics

Leader: Dr Wenli Cheng and Dr Siang Ng

Offered

Caulfield First semester 2007 (Day)
Caulfield First semester 2007 (Evening)
Caulfield Second semester 2007 (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