units

ECC2000

Faculty of Business and Economics

18 September 2017 16 April 2024
Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2014 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.

LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Economics
OfferedClayton First semester 2014 (Day)
Clayton Second semester 2014 (Day)
Coordinator(s)Associate Professor Yinhua Mai (First semester); Dr Anmol Ratan (Second 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:

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

Assessment

Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Associate Professor Yinhua Mai (First semester)
Dr Anmol Ratan (Second semester)

Workload requirements

Minimum total expected workload equals 144 hours per semester

Prerequisites

ECC1000 or permission

Prohibitions

ECC5900, ECX9000