Undergraduate, Postgraduate - UnitECC4650 - Microeconomics

This unit entry is for students who completed this unit in 2015 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.

Level	Undergraduate, Postgraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Clayton First semester 2015 (Day)
Coordinator(s)	Dr Hee-Seung Yang

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.

Outcomes

The learning goals associated with this unit are to:

upgrade their analytical skill for intermediate microeconomics
appreciate and have a basic understanding of the key ideas of advanced microeconomic theory
gain first hand experience in the application of microeconomic principles to the analysis of a range of economic issues
gain the microeconomic techniques to undertake successfully other fourth year units and some fifth year units taught by the Department.

Assessment

Within semester assessment: 40%
Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

Mr Hee-Seung Yang

Prohibitions

ECX5465