Monash University Handbooks 2008

ECC5650 - Microeconomic theory

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate Faculty of Business and Economics

Leader: Dr Simon Angus

Offered

Clayton First semester 2008 (Day)

Synopsis

Neoclassical theories of demand, supply, and equilibrium at a level that permits rigorous analysis. Introduction to game theory. Topics include the existence theorem of utility functions, properties of demand and supply functions, existence and Pareto optimality of competitive equilibrium, and various equilibrium concepts of non-cooperative games.

Objectives

The learning goals associated with this unit are to:

Assessment

Within semester assessment: 40%
Examination (3 hours): 60%

Contact hours

3 hours per week

Prerequisites

ECC4650 or equivalent

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