Microeconomics 2 (ECON90045)
Graduate courseworkPoints: 12.5On Campus (Parkville)
Overview
| Availability | Semester 2 |
|---|---|
| Fees | Look up fees |
This subject explains and provides illustrative applications of microeconomic theory of the behaviour of households, firms and government and how the behaviour of the private sector and the public sector influence the efficiency of the economy. Topics include consumer theory, producer theory, perfect competition and general equilibrium, market failures associated with market power, externalities and public goods.
Intended learning outcomes
On successful completion of this subject students should be able to:
- Explain the core microeconomic theories of the consumer and the firm;
- Identify the usefulness and limitations of these theories;
- Apply microeconomic theories to economic problems faced by business and other decision makers under different assumptions about market structure and under different assumptions about available information;
- Critically evaluate the role of markets and governments in solving the economic problems facing societies;
- Apply economic tools to the analysis and solution of selected decision problems facing businesses; and
- Synthesise theory and practice in the context of selected public policy issues.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
- High level of development: oral communication; written communication; collaborative learning; problem solving; team work; application of theory to practice; interpretation and analysis; critical thinking.
- Moderate level of development: synthesis of data and other information; evaluation of data and other information; receptiveness to alternative ideas.
- Some level of development: statistical reasoning.
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
ECON90015 Managerial Economics or equivalent.
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECON90015 | Managerial Economics |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Semester 2
| Description | Timing | Percentage |
|---|---|---|
Two-hour final examination
| During the examination period | 60% |
Assignments equivalent to 1000 words
| Week 3 | 10% |
Assignments equivalent to 1000 words
| Week 9 | 10% |
One hour in -class test
| Week 6 | 20% |
Last updated: 3 November 2022
Dates & times
- Semester 2
Principal coordinator Guy Mayraz Mode of delivery On Campus (Parkville) Contact hours Two 1-hour lectures and one 1-hour workshop per week Total time commitment 170 hours Teaching period 23 July 2018 to 21 October 2018 Last self-enrol date 3 August 2018 Census date 31 August 2018 Last date to withdraw without fail 21 September 2018 Assessment period ends 16 November 2018
Time commitment details
Estimated total time commitment of 170 hours per semester
Last updated: 3 November 2022
Further information
- Texts
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Applied Econometrics Course Master of Public Administration Course Master of Public Administration (Enhanced) - Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Last updated: 3 November 2022