Intermediate Microeconomics (6382.4)
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|View teaching periods|
|0.125||3||Faculty Of Business, Government & Law|
|Discipline||Study level||HECS Bands|
|Canberra School Of Politics, Economics And Society||Level 2 - Undergraduate Intermediate Unit|| Band 4 2021 (Commenced After 1 Jan 2021)
Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905)
Band 5 2021 (Commenced Before 1 Jan 2021)
Learning outcomesUpon 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.
Graduate attributes1. UC graduates are professional - communicate effectively
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
Prerequisites6355 Introduction to Economics OR 9518 Foundations of Microeconomics
- 9538 Intermediate Microeconomics
Equivalent units9538 Intermediate Microeconomics
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Required text: Pindyck R. and Rubinfeld, D. (2017) Microeconomics 9th ed., Prentice Hall, New Jersey. (This is available for purchase at the co-op bookshop).
Frank, Robert H. (2008) Microeconomics and Behaviour, 7th ed. McGraw-Hill/Irwin.
Borland, Jeff (2012) Microeconomics: Case Studies and Applications, Cengage Learning, South Melbourne.
Please be advised that this unit is a difficult unit with lots of mathematical application of economic concepts. Non-attendance of lectures and tutorials will result in students struggling with the material.
Required IT skills
Work placement, internships or practicums