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Industries and Markets (11225.1)

Level: Level 2 - Undergraduate Intermediate Unit
Credit Points: 3
HECS Bands:

Band 3 2013-2020 (Expires 31 Dec 2020) Band 4 2021 (Commenced After 1 Jan 2021) Band 5 2021 (Commenced Before 1 Jan 2021)

Faculty: Faculty of Business, Government & Law
Discipline: Canberra School of Politics, Economics and Society

Availability

Possible changes to your unit's learning activities and assessment items

For the remainder of 2020, resulting from Australian Government's directives requiring physical distancing and restrictions on movement because of the COVID-19 pandemic, any exams that are required for assessment in a unit will be online exams. Online exams may also use online proctoring to help assure the academic integrity of those exams. Please contact your unit convener with any questions.

While the University has made efforts to ensure that Unit Outlines reflect a unit’s learning activities and assessment items, any changes to Australian Government directives because of the COVID-19 pandemic may require changes to these during the semester to ensure the safety and well being of students and staff. These changes will not be updated in the published unit outline, but will be communicated to you via your unit’s UCLearn(Canvas) teaching site. Any changes made will continue to meet the unit’s learning outcomes, as described in the Unit Outline.

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 2, 2020, ON-CAMPUS, BRUCE (196021) - View
  • Semester 2, 2019, ON-CAMPUS, BRUCE (184849) - 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

Provides students with a deeper understanding of consumer and producer behaviour in the market. Students will develop the skills to perform microeconomic policy analysis through examining several economic models that will explain and predict a wide variety of economic phenomena.

Learning Outcomes

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

1. Explain the assumptions underlying the model of consumer behaviour and analyse how consumers make optimal choices given their budget constraints;

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

3. Apply game theory methods to evaluate the strategic decision-making of different economic agents;

4. Critically evaluate how asymmetric information affects the efficiency of markets and what type of signalling mechanisms can be designed to address such issues; and

5. Reflect upon their unit experience, including theories, discussions and feedback, and how it relates to the goals set out in their professional portfolio.

Assessment Items

Contact Hours

One 2 hour lecture and one 1 hour tutorial on-campus per week.

Prerequisites

11175 Introduction to Economics.

Corequisites

None.

Assumed Knowledge

Students are expected to be familiar with microeconomic concepts covered in the pre-requisite Introduction to Economics. Students would also require some basic mathematical skills in this unit such as taking the first derivative of a function and simplifying algebra.

Incompatible Units

None.

Equivalent Units

6382 Intermediate Microeconomics and 9538 Intermediate Microeconomics.



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