Skip to content | Change text size
Handbooks Courses Units Related information

ECC9000 - Microeconomics

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate Faculty of Business and Economics

Leader(s): Dr Elias Khalil and Dr Dyuti Banerjee


Clayton First semester 2009 (Day)
Australia (Other) First semester 2009 (Off-campus block of classes)


The behaviour of the economy is the result of a host of decisions made each day by millions of people. Prices and markets play a crucial role in economic behaviour, creating a system in which actions of individuals, guided by self-interest and without any central co-ordination or planning, create wealth for society as a whole. How individual workers, households and firms make decisions, and how they interact with each other, is the subject of microeconomics.


The learning goals associated with this unit are to:

  • understand how markets work, and how prices work to allocate resources
  • understand the basic principles of how people make economic decisions, how they interact economically, and how the economy as a whole works
  • understand the role of public policy, and the constraints on its operation, when markets fail
  • understand how firms are organized and make decisions
  • have developed learning skills and begun to acquire the techniques of thinking like an economist
  • have sufficient grounding to attempt advanced studies in microeconomics in subsequent years.


Within semester assesment: 40%
Examination (2 hours): 60%

Contact hours

3 hours per week


ECC2000, ETC2000

[an error occurred while processing this directive]