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ECX9120 - Introduction to microeconomic theory and policy

6 points, SCA Band 2, 0.125 EFTSL

Postgraduate Faculty of Business and Economics

Leader: Dr Tissa Rajapakse

Offered

Austin Hospital First semester 2007 (Off-campus)
Gippsland First semester 2007 (Off-campus)
Parkville First semester 2007 (Off-campus)

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.

Objectives

The learning goals associated with this unit are to:

Assessment

Assignment: 40%
Examination: 60%