ECX5410 - Applied microeconomics

Leader(s): Dr Wenli Cheng

Offered

Caulfield First semester 2009 (Evening)

Synopsis

This unit applies microeconomic principles to study how businesses make decisions to achieve their goals. In particular, it an analyses how businesses position themselves in the market and how they form their output and price decisions on the basis of their understanding of demand and supply conditions, market competition and business risks. Finally this unit looks at particular aspects of market failure and the role of government in relation to market failure. Professionals in domestic and international organisations will find this subject an aid to the formulation of strategies.

Assessment

Within semester assessment: 50%
Examination (3 hours): 50%

Contact hours

3 hours per week

Prohibitions

ECF4100