units

ECC4650

Faculty of Business and Economics

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Monash University Handbook 2011 Undergraduate, Postgraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

LevelUndergraduate, Postgraduate
FacultyFaculty of Business and Economics
OfferedClayton First semester 2011 (Day)
Australia (Other) First semester 2011 (Off-campus block of classes)
Coordinator(s)Dr Jingfeng Lu

Synopsis

Topics include consumer preference theory; choice; demand; technology; profit maximisation and duality; competitive general equilibrium in the context of decreasing, increasing and constant returns; two-part tariffs; expected utility; adverse selection; and moral hazard.

Objectives

The learning goals associated with this unit are to:

  1. upgrade their analytical skill for intermediate microeconomics
  2. appreciate and have a basic understanding of the key ideas of advanced microeconomic theory
  3. gain first hand experience in the application of microeconomic principles to the analysis of a range of economic issues
  4. gain the microeconomic techniques to undertake successfully other fourth year units and some fifth year units taught by the Department.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Chief examiner(s)

Jingfeng Lu

Contact hours

3 hours per week

Prohibitions

ECX5465