Advanced Microeconomics (ECON90063)
Graduate courseworkPoints: 12.5On Campus (Parkville)
Overview
| Availability | Semester 1 |
|---|---|
| Fees | Look up fees |
An introduction to advanced microeconomics and to the economics of information and strategic behaviour. Topics to be covered include decision making under uncertainty, the interaction of primal and dual methods of modelling producer and consumer behaviour, the existence and welfare properties of general equilibrium, the theory of market failure and public goods, models of strategic behaviour in oligopoly, an introduction to game theory.
Intended learning outcomes
- Understand and to be able to use the techniques of parametric optimisation, the envelope technique and duality as a basis for comparative statics
- Understand and to be able to use the fixed point theorems that are used in advanced microeconomics
- Understand and to be able to explain the structure of the standard competitive model using envelope and duality methods
- Be able to apply fixed point theorems to demonstrate existence of optima and equilibria in general equilibrium, game theory and dynamic programming
- Understand the mathematical concepts that underlie the envelope techniques and fixed point theorems that are used in advanced microeconomics.
Generic skills
- High level of development: problem solving; interpretation and analysis; critical thinking.
- Moderate level of development: collaborative learning; application of theory to practice; synthesis of data and other information; accessing data and other information from a range of sources; receptiveness to alternative ideas.
- Some level of development: written communication; team work.
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
Admission into one of:
Doctor of Philosophy – Business & Economics (Finance or Accounting)
Master of Commerce (Accounting)
202AF Master of Commerce (Finance)
And
ECON30010 Microeconomics or equivalent
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECON30010 | Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
ECON40001 Advanced Microeconomics
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECON40001 | Advanced Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
Recommended background knowledge
Please refer to Prerequisites
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
Additional details
- A 3-hour end-of-semester examination (60%;
- One 2-hour mid-semester test (20%); and
- Class assignments totalling not more than 2000 words (20%).
Note: Successful completion of this subject requires a pass (50%) in the final exam.
Last updated: 3 November 2022
Dates & times
- Semester 1
Principal coordinator Steven Williams Mode of delivery On Campus (Parkville) Contact hours Four hours of lectures, seminars and tutorials per week Total time commitment 170 hours Teaching period 26 February 2018 to 27 May 2018 Last self-enrol date 9 March 2018 Census date 31 March 2018 Last date to withdraw without fail 4 May 2018 Assessment period ends 22 June 2018 Semester 1 contact information
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 Commerce (Finance) Course Master of Commerce (Accounting) - 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