ECC4650

Microeconomics

Dr Christis Tombazos

7 points
* Two 1.5-hour lectures per week
* First semester
* Clayton

Objectives On completion of this subject students should upgrade their analytical skill for intermediate microeconomics; have an appreciation of, and an introductory understanding of, the key ideas of advanced microeconomic theory, such as game theory and inframarginal analysis; have gained first hand experience in the application of microeconomic principles to the analysis of a range of economic issues; and have the microeconomic techniques to undertake successfully other fourth year subjects and some fifth year subjects taught by the Department.

Synopsis Topics include theory of the firm; consumer theory; competitive market behaviour; general equilibrium; game theory; and inframarginal analysis based on corner solutions.

Assessment Assignments (three): 30%
* Examination (3 hours): 70%

Recommended texts

Varian H Intermediate microeconomics 1993
Gibbons R A primer in game theory 1992
Yang X and Ng Y-K Specialization and economic organization 1992