Foundations of Microeconomics (9518.1)
Level: | Level 1 - Undergraduate Introductory Unit |
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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 |
CLOSED FOR FUTURE ENROLMENT.
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 (149979) - View
- Flexible and Self Paced Period 10, 2016, SELF-PACED, BRUCE (150165) - View
- Flexible and Self Paced Period 9, 2016, SELF-PACED, BRUCE (150317) - View
- Semester 2, 2016, ONLINE, BRUCE (152159) - View
- Flexible and Self Paced Period 8, 2016, SELF-PACED, BRUCE (150468) - View
- Flexible and Self Paced Period 7, 2016, SELF-PACED, BRUCE (150556) - View
- Winter Term, 2016, ONLINE, BRUCE (152650) - View
- Flexible and Self Paced Period 6, 2016, SELF-PACED, BRUCE (152802) - View
- Flexible and Self Paced Period 5, 2016, SELF-PACED, BRUCE (152939) - View
- Flexible and Self Paced Period 4, 2016, SELF-PACED, BRUCE (153040) - View
- Flexible and Self Paced Period 3, 2016, SELF-PACED, BRUCE (153188) - View
- Semester 1, 2016, ONLINE, BRUCE (154957) - View
- Flexible and Self Paced Period 2, 2016, SELF-PACED, BRUCE (153360) - View
- Flexible and Self Paced Period 1, 2016, SELF-PACED, BRUCE (153480) - View
- Flexible and Self Paced Period 12, 2015, SELF-PACED, BRUCE (138386) - View
- Summer Semester 2015/16, ONLINE, BRUCE (155418) - View
- Flexible and Self Paced Period 11, 2015, SELF-PACED, BRUCE (138385) - View
- Flexible and Self Paced Period 10, 2015, SELF-PACED, UC-COOMA (155939) - View
- Flexible and Self Paced Period 10, 2015, SELF-PACED, BRUCE (138384) - View
- Flexible and Self Paced Period 9, 2015, SELF-PACED, BRUCE (138394) - View
- Flexible and Self Paced Period 8, 2015, SELF-PACED, BRUCE (138393) - View
- Semester 2, 2015, ONLINE, BRUCE (146615) - View
- Flexible and Self Paced Period 7, 2015, SELF-PACED, BRUCE (138392) - View
- Winter Term, 2015, ONLINE, BRUCE (146616) - View
- Flexible and Self Paced Period 6, 2015, SELF-PACED, BRUCE (138391) - View
- Flexible and Self Paced Period 5, 2015, SELF-PACED, BRUCE (138390) - View
- Flexible and Self Paced Period 4, 2015, SELF-PACED, BRUCE (138389) - 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
The purpose of this unit is to provide a basic understanding of the principles of microeconomics. At its core, the study of economics deals with the choices and decisions that have to be made in order to manage scarce resources available to us. Microeconomics is the branch of economics that pertains to decisions made at the individual level, i.e. by individual consumers or individual firms, after evaluating resources, costs, and trade-offs.
Learning Outcomes
On successful completion of this unit, students will be able to:
1. Think intuitively about economic problems;
2. Identify how individual economic agents make rational choices given scarce resources and will know how to optimise the use of resources at hand;
3. Understand some simplistic economic models related to Production, Trade, and the Circular Flow of Resources;
4. Analyse and apply the mechanics of Supply and Demand for Individuals, Firms, and the Market;
5. Apply the concept of Elasticity as a measure of responsiveness to various variables;
6. Identify the characteristic differences amongst various market structures, namely, Perfectly Competitive Markets, Non-Competitive Markets, and Imperfectly Competitive Markets and understand the differences in their operation; and
7. Analyse how the Supply and Demand technique works for the Resource Markets.
Assessment Items
Contact Hours
150 learning hours in online self-paced mode.
Prerequisites
None
Corequisites
None
Assumed Knowledge
None
Incompatible Units
6355 Introduction to Economics
Equivalent Units
No
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