Monash University Handbook 2011 Postgraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

Topics include consumer preference theory; choice; demand; technology; profit maximisation and duality; competitive general equilibrium in the context of decreasing, increasing and constant returns; two-part tariffs; expected utility; adverse selection; and moral hazard.

Objectives

The learning goals associated with this unit are to:

1. further develop analytical skills in microeconomics
2. appreciate and have a basic understanding of the key ideas of advanced microeconomic theory
3. gain first hand experience in the application of microeconomic principles to the analysis of a range of economic issues
4. gain the microeconomic techniques to undertake successfully other fourth year units and some fifth year units taught by the department.

Assessment

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

Chief examiner(s)

Jingfeng Lu

Contact hours

3 hours per week

Prohibitions

ECC4650