316-102 Introductory Microeconomics

Credit Points

12.5

HECS Band

2

Coordinator

Professor J Borland, Dr G Magee

Prerequisites

No prior knowledge of economics is assumed.

Semester

1, repeat 2 (view timetable)

Contact

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

Subject Description

This subject is an introduction to microeconomic theory and policy. Topics include the theory of perfectly competitive markets, welfare analysis and the role of gevernment in the economy, consumer theory, theory of the firm (production and costs), game theory, and effects of market structure on resource allocation.

Assessment

A 2-hour end-of-semester examination (60%), a multiple choice test (5%), two assignments not exceeding 2500 words (25%) and tutorial attendance and participation (10%).

Prescribed Texts

To be advised.



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