|Year of offer||2019|
|Subject level||Undergraduate Level 2|
|Fees||Subject 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
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
|Code||Name||Teaching period||Credit Points|
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 MathematicsSummer TermSemester 1 12.5
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
- 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 coordinator Svetlana Danilkina Mode of delivery On Campus — Parkville Contact hours Semester 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 commitment 170 hours Teaching period 8 January 2019 to 22 February 2019 Last self-enrol date 17 January 2019 Census date 18 January 2019 Last date to withdraw without fail 15 February 2019 Assessment period ends 2 March 2019
- Semester 1
Coordinator Reshad Ahsan Mode of delivery On Campus — Parkville Contact hours Semester 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 commitment 170 hours Teaching period 4 March 2019 to 2 June 2019 Last self-enrol date 15 March 2019 Census date 31 March 2019 Last date to withdraw without fail 10 May 2019 Assessment period ends 28 June 2019
Time commitment details
You will be advised of prescribed texts by your lecturer.
- Related Handbook entries
- 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.