316-202 Intermediate Microeconomics

• During the Summer Semester, this subject is only offered on a fee-paying basis. See your home faculty for a fee schedule.

• 316-202 Intermediate Microeconomics and 316-201 Intermediate Macroeconomics together form the second-year component of a specialisation in economics.

316-102 Introductory Microeconomics.

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.

A 2-hour end-of-semester examination, an optional mid-semester multiple choice test, and tutorial attendance and participation. The final mark will be calculated by weighting the end-of-semester exam at 70% the mid-semester test at 20% and the tutorial mark at 10% OR by weighting the end-of-semester exam at 90% and the tutorial mark at 10%, whichever gives the higher mark.