316-102 Introductory Microeconomics

Credit Points

12.5

HECS Band

2

Coordinator

Professor J. Borland

Prerequisites

No prior knowledge of economics is assumed.

Semester

1, repeat 2 (view timetable)

Contact

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

Subject Description

This subject is an introduction to microeconomic theory and policy. Topics include the economy and economic decisions; production and exchange; markets, demand and supply; application of supply and demand; market structures; firm costs; perfect competition; monopoly; and government in the economy.

Assessment

A 2-hour end-of-semester examination (70%), a multiple choice test (5%), two assignments each not exceeding 2000 words (20%) and tutorial attendance and participation (5%).

Prescribed Texts

To be advised.



Status:                   Official 2002
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