Microeconomics II (ECON90012)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Availability
Semester 2
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The subject is an advanced treatment of selected topics in Microeconomics. Topics will be drawn from the following: an introduction to dynamic games of complete and incomplete information, bargaining, general equilibrium theory, welfare analysis, aggregation and the analysis of incomplete markets.

 

 

Intended learning outcomes

On successful completion of this subject students will be able to:



  • Formulate and analyse dynamic games of incomplete information;
  • Explain solution concepts by constructing simple examples;
  • Explain the main results derived from general equilibrium theory;
  • Explain the implications of the first and second fundamental theorems of welfare economics;
  • Apply the analysis of bargaining to explain behaviour observed in strategic bargaining situations;
  • Explain the role that aggregation plays in modern microeconomics;
  • Apply the tools of microeconomics to situations of incomplete markets.

Generic skills

On successful completion of this subject, students will have improved the following generic skills:

  • Evaluation of ideas, views and evidence
  • Synthesis of ideas, views and evidence
  • Strategic thinking
  • Critical thinking
  • Application of theory to economic policy and business decision making
  • Accessing economic and other information
  • Summary and interpretation of information
  • Statistical reasoning
  • Problem solving skills
  • Negotiation and bargaining
  • Written communication

Last updated: 3 November 2022

Eligibility and requirements

Prerequisites

ECON90002 Microeconomics

Code Name Teaching period Credit Points
ECON90002 Microeconomics
Semester 1 (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

Additional details

  • Assignments totaling 3000 words (30%)
  • 2-hour examination (70%)

Note: Successful completion of this subject requires a pass (50%) in the final exam.

Last updated: 3 November 2022

Dates & times

  • Semester 2
    Principal coordinatorRoberto Raimondo
    Mode of deliveryOn Campus (Parkville)
    Contact hoursSeminars or lectures and tutorials totalling three hours per week
    Total time commitment170 hours
    Teaching period29 July 2019 to 27 October 2019
    Last self-enrol date 9 August 2019
    Census date31 August 2019
    Last date to withdraw without fail27 September 2019
    Assessment period ends22 November 2019

    Semester 2 contact information

    Email: rraim@unimelb.edu.au

Time commitment details

Estimated total time commitment of 170 hours per semester

Last updated: 3 November 2022

Further information

  • Texts

    Prescribed texts

    You will be advised of prescribed texts by your lecturer.

  • Related Handbook entries

    This subject contributes to the following:

    TypeName
    CourseMaster of Commerce (Finance)
    CourseMaster of Commerce (Accounting)
    CourseMaster of Economics
    CourseDoctor of Philosophy - Business and Economics
  • 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.

  • 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: 3 November 2022