ECC2000 - Intermediate microeconomics - 2018

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate - Unit

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

Faculty

Business and Economics

Organisational Unit

Department of Economics

Chief examiner(s)

Dr Erte Xiao (First semester)
Dr Xiaodong Fan (Second semester)

Coordinator(s)

Dr Erte Xiao (First semester)
Dr Xiaodong Fan (Second semester)

Unit guides

Offered

Clayton

  • First semester 2018 (On-campus)
  • Second semester 2018 (On-campus)

Prerequisites

Students who have not passed ECC1000 must be granted permission by the Chief Examiner to undertake this unit.

Prohibitions

ECC5900, ECX9000

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: 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.

See also Unit timetable information