Undergraduate - UnitECC2000 - Intermediate microeconomics

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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

Level	Undergraduate
Faculty	Faculty of Business and Economics
Offered	Clayton First semester 2012 (Day) Clayton Second semester 2012 (Day)
Coordinator(s)	Professor Klaus Abbink (First semester)

Synopsis

Theory of consumer choice, including applications to income-leisure choice and intertemporal consumption; isoquant theory of production; allocative efficiency and competition and monopoly; models of monopolistic competition and oligopoly; input pricing; microeconomic policies to address problems of market failure.

Outcomes

The learning goals associated with this unit are to:

analyse decision-making by individual consumers and producers
understand decision making in game-theoretic set ups
analyse price determination in product and input markets under various conditions
analyse and critically evaluate policies designed to affect individual behaviour and market outcomes.

Assessment

Within semester assessment: 30%
Examination (2 hours): 70%

Chief examiner(s)

Professor Klaus Abbink (semester 1)
Professor Nicholas Feltovich (semester 2)

Contact hours

3 hours per week

Prerequisites

ECC1000 or permission