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 316-102 Introductory Microeconomics

Coordinator

Professor J Freebairn (Sem1), TBA (Sem2)

Prerequisites

No prior knowledge of economics is assumed.

Semester

1 or 2

Contact

Two 1-hour lectures and a 1-hour tutorial a week

Subject Description

An introduction to microeconomic theory and policy. The economy and economic decisions. Production and exchange. Markets, demand and supply. Application of supply and demand. Market structures. Firm costs. Perfect competition. Monopoly. Government in the economy.

Assessment

A 2-hour end-of-semester examination (70%); assignments of up to 2000 words in total, (one assignment may take the form of a class test) (20%); tutorial attendance and participation (10%).

Prescribed Texts

  • McTaggart D et. al., Economics. (Addison Wesley) 2nd Ed.


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Status:                   Official 1998
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