Monash University Handbook 2010 Undergraduate - Unit

ECW1101 - Introductory microeconomics

6 points, SCA Band 3, 0.125 EFTSL

Level	Undergraduate
Faculty	Faculty of Business and Economics
Offered	Berwick First semester 2010 (Day) Berwick Second semester 2010 (Day) Gippsland First semester 2010 (Day) Gippsland First semester 2010 (Off-campus) Gippsland Second semester 2010 (Day) Gippsland Second semester 2010 (Off-campus) Sunway First semester 2010 (Day) Sunway Second semester 2010 (Day) Sunway Summer semester A 2010 (Day) Singapore First semester 2010 (Off-campus) Peninsula First semester 2010 (Day) Peninsula Second semester 2010 (Day) South Africa First semester 2010 (Day)
Coordinator(s)	Mrs Judith Tennant

Synopsis

An introduction to the study of economics; consumer behaviour; demand and supply and the operation of markets; market efficiency and welfare; welfare effects of international trade; public sector economics; the behaviour of firms and the organisation of an industry; market structures -- perfect competition and monopoly; economies of the labour market.

Objectives

The learning goals associated with this unit are to:

understand the theoretical foundations of economics
understand generic skills essential for progression to upper level units by applying rigorous thinking and understanding to analytical geometric models
appreciate economics as an evolutionary science and its ability to address, in a microeconomic framework, the persistent social and economic problems confronted by society
demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in this unit.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Chief examiner(s)

Judy Tennant

Contact hours

3 hours per week