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Intermediate Microeconomics (9538.1)

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.

    • Flexible and Self Paced Period 11, 2016, SELF-PACED, BRUCE (149928) - View
    • Flexible and Self Paced Period 10, 2016, SELF-PACED, BRUCE (150103) - View
    • Flexible and Self Paced Period 9, 2016, SELF-PACED, BRUCE (150266) - View
    • Semester 2, 2016, ONLINE, BRUCE (150949) - View
    • Flexible and Self Paced Period 8, 2016, SELF-PACED, BRUCE (150415) - View
    • Flexible and Self Paced Period 7, 2016, SELF-PACED, BRUCE (150505) - View
    • Winter Term, 2016, ONLINE, BRUCE (152588) - View
    • Flexible and Self Paced Period 6, 2016, SELF-PACED, BRUCE (152750) - View
    • Flexible and Self Paced Period 5, 2016, SELF-PACED, BRUCE (152888) - View
    • Flexible and Self Paced Period 4, 2016, SELF-PACED, BRUCE (152988) - View
    • Flexible and Self Paced Period 3, 2016, SELF-PACED, BRUCE (153137) - 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 is designed to extend knowledge of the basic microeconomic principles that will provide the foundation for future work in economics and give insight into how economic models can help students think about important real world phenomena. Topics include supply and demand interaction, utility maximization, profit maximization, elasticity, perfect competition, monopoly power, imperfect competition, and game theory. This unit presents a logical and coherent framework in which to organize observed economic phenomena. Several economic ?models? are developed and analyzed in order to help explain and predict a wide variety of economic (and sometimes, seemingly non-economic) phenomena. Microeconomic theory is based on the notion that individuals (and firms) have well defined objectives (e.g., maximizing utility or profits) and behave systematically according to the incentives and constraints of their economic environment.

    Learning Outcomes

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

    1. Explain the standard theory in microeconomics at an intermediate level;

    2. Explain and use the basic tools of microeconomic theory, and apply them to help address problems in public policy;

    3. Analyze the role of markets in allocating scarce resources;

    4. Synthesize the impact of government intervention in the market;

    5. Demonstrate quantitative skills in economic cost and consumer analysis using calculus;

    6. Compare and contrast arguments concerning business and politics, and make good conjectures regarding the possible solutions;

    7. Analyze the economic behaviour of individuals and firms; and

    8. Apply basic tools that used in fields of economics, including household economics, labour economics, production theory, international economics, natural resource economics, public finance, and capital markets.

    Assessment Items

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    Contact Hours

    150 learning hours in online self-paced mode.

    Prerequisites

    9518 Foundations of Microeconomics OR 6355 Introduction to Economics

    Corequisites

    None.

    Assumed Knowledge

    NONE

    Incompatible Units

    6382 Intermediate Microeconomics

    Equivalent Units

    6382 Intermediate Microeconomics



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