Undergraduate - UnitECW1101 - Introductory 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.

print version

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	Berwick First semester 2012 (Day) Gippsland First semester 2012 (Day) Sunway First semester 2012 (Day) Peninsula First semester 2012 (Day) South Africa First semester 2012 (Day) Gippsland Second semester 2012 (Day) Sunway Second semester 2012 (Day) Sunway Summer semester A 2012 (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.

Outcomes

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.