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Microeconomics 2 (ECON90045)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Year of offer2018
Subject levelGraduate coursework
Subject codeECON90045
Campus
Parkville
Availability
Semester 2
FeesSubject EFTSL, Level, Discipline & Census Date

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.

Eligibility and requirements

Prerequisites

ECON90015 Managerial Economics or equivalent.

Code Name Teaching period Credit Points
ECON90015 Managerial Economics
Semester 1
Semester 2
12.5

Corequisites

None

Non-allowed subjects

None

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

Assessment

DescriptionTimingPercentage
  • Semester 2 only
  • Two-hour final examination
  • 2 hours
  • Hurdle requirement: Note: Successful completion of this subject requires a pass (50%) in the final exam.
During the examination period60%
  • Semester 2 only
  • Assignments equivalent to 1000 words
  • 1000 words
Week 310%
  • Semester 2 only
  • Assignments equivalent to 1000 words
  • 1000 words
Week 910%
  • Semester 2 only
  • One hour in -class test
  • 1 hours
Week 620%

Dates & times

  • Semester 2
    Principal coordinatorGuy Mayraz
    Mode of deliveryOn Campus — Parkville
    Contact hoursTwo 1-hour lectures and one 1-hour workshop per week
    Total time commitment170 hours
    Teaching period23 July 2018 to 21 October 2018
    Last self-enrol date 3 August 2018
    Census date31 August 2018
    Last date to withdraw without fail21 September 2018
    Assessment period ends16 November 2018

Time commitment details

Estimated total time commitment of 170 hours per semester

Further information

Last updated: 19 July 2019