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Intermediate Microeconomics (ECON20002)

Undergraduate level 2Points: 12.5On Campus (Parkville)

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Overview

Year of offer2019
Subject levelUndergraduate Level 2
Subject codeECON20002
Campus
Parkville
Availability
Summer Term
Semester 1
FeesSubject EFTSL, Level, Discipline & Census Date

This subject examines the development of the microeconomic theory of the behaviour of economic agents and how the behaviour of economic agents and government influence the efficiency of the economy. Topics include perfect competition, general equilibrium, market power, intertemporal decision making, decision making under uncertainty and imperfect information.

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, government 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 he context of selected public policy issues

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

Code Name Teaching period Credit Points
ECON10004 Introductory Microeconomics
Semester 1
Semester 2
12.5

And one of the following:

  • Admission into the Bachelor of Commerce
  • A study score of at least 25 in Mathematical Methods Units 3 & 4, or equivalent
  • Code Name Teaching period Credit Points
    MAST10012 Introduction to Mathematics
    Summer Term
    Semester 1
    12.5

Corequisites

None

Non-allowed subjects

None

Recommended background knowledge

Please refer to Prerequisites and Corequisites.

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

Description

  • A 2-hour end-of-semester examination (60%);
  • Two assignments totalling no more than 2000 words combined due weeks 5 and 9 (20%)
  • One multiple-choice test in week 7 (10%)
  • Weekly tutorial participation (10%)
  • To pass this subject students must pass the end of semester examination.

Dates & times

  • Summer Term
    Principal coordinatorSvetlana Danilkina
    Mode of deliveryOn Campus — Parkville
    Contact hoursSemester 1: Two 1-hour lectures and a 1-hour tutorial per week; Summer Semester: Two 2-hour lectures and two 1-hour tutorials per week for six weeks
    Total time commitment170 hours
    Teaching period 8 January 2019 to 22 February 2019
    Last self-enrol date17 January 2019
    Census date18 January 2019
    Last date to withdraw without fail15 February 2019
    Assessment period ends 2 March 2019
  • Semester 1
    CoordinatorReshad Ahsan
    Mode of deliveryOn Campus — Parkville
    Contact hoursSemester 1: Two 1-hour lectures and a 1-hour tutorial per week; Summer Semester: Two 2-hour lectures and two 1-hour tutorials per week for six weeks
    Total time commitment170 hours
    Teaching period 4 March 2019 to 2 June 2019
    Last self-enrol date15 March 2019
    Census date31 March 2019
    Last date to withdraw without fail10 May 2019
    Assessment period ends28 June 2019

Time commitment details

170 Hours

Further information

  • Texts

    Prescribed texts

    You will be advised of prescribed texts by your lecturer.

  • Breadth options
  • 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.

    Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.

  • Available to Study Abroad and/or Study Exchange Students

    This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.

Last updated: 21 March 2019