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Intermediate Microeconomics (6382.4)

Level: Undergraduate Second Year Level
Credit Points: 3
HECS Bands: 2, 3
Faculty: Faculty of Business, Government & Law
Discipline: School of Government & Policy

Availability

    Unit Outlines

    To view your Unit Outline, click View to log in to MyUC and access this information, or visit your unit's online teaching site.

    • Semester 1, 2018, ON-CAMPUS, BRUCE (177853) - View
    • Semester 1, 2017, ON-CAMPUS, BRUCE (166793) - View
    • Semester 1, 2016, ON-CAMPUS, BRUCE (153815) - View
    • Semester 1, 2015, ON-CAMPUS, BRUCE (145987) - View

    If a link to your Unit Outline is not displayed, please check back later. Unit Outlines are generally published by Week One of the relevant teaching period.

    Syllabus

    This unit will focus on the development and application of microeconomic principles. The theoretical component will consolidate and extend the material presented in first year, covering the areas of consumer and producer behaviour in competitive and non-competitive environments, market failure and the role of government; industry structure, conduct and performance.

    Learning Outcomes

    Upon successful completion of this unit, students will be able to:

    1. Explain the basic assumptions underlying the model of consumer behaviour;

    2. Analyse how consumers make an optimal choice given the budget constraint they face;

    3. Distinguish between different production functions and evaluate the optimal combination of inputs for firms given the technology of production and input cost;

    4. Evaluate the strategic decision making by different economic agents using game theory; and

    5. Understand how asymmetric information in a market affects efficiency.

    Assessment Items

    Prerequisites

    None



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