Industries and Markets (11225.1)
|Level:||Level 2 - Undergraduate Intermediate Unit|
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|
UC - Canberra, Bruce
Year Teaching Period Convener Mode of Delivery 2020 Semester 2 DR Raymond LI (Ph: +61 2 62015211 ) ON-CAMPUS 2021 Semester 2 DR Raymond LI (Ph: +61 2 62015211 ) ON-CAMPUS
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.
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- Semester 2, 2020, ON-CAMPUS, BRUCE (196021) - View
- Semester 2, 2019, ON-CAMPUS, BRUCE (184849) - View
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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.
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.
UC - Canberra, Bruce
- Semester 2, 2020
- Semester 2, 2019
One 2 hour lecture and one 1 hour tutorial on-campus per week.
11175 Introduction to Economics.
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.
6382 Intermediate Microeconomics and 9538 Intermediate Microeconomics.
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