units

BEX5650

Faculty of Business and Economics

Postgraduate - Unit

This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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0 points, SCA Band 3, 0.000 EFTSL

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

LevelPostgraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Economics
OfferedClayton Second semester 2015 (Day)
Coordinator(s)Professor Jeffrey LaFrance

Synopsis

Neoclassical theories of demand, supply, and equilibrium at a level that permits rigorous analysis. Introduction to game theory. Topics include the existence theorem of utility functions, properties of demand and supply functions, existence and Pareto optimality of competitive equilibrium, and various equilibrium concepts of non-cooperative games.

Outcomes

The learning goals associated with this unit are to:

  1. deepen understanding of microeconomic analysis acquired during undergraduate training
  2. undertake rigorous analysis of microeconomic issues, including the determinants of relative prices and their effects on resource allocation
  3. learn some more advanced analyses going beyond the traditional model and taking account of some real-world complications
  4. acquire proficiency in handling optimisation problems and have a basic understanding of general equilibrium analysis.

Assessment

Within semester assessment: 40%
Examination: 60%

Workload requirements

Minimum total expected workload equals 144 hours per semester.

See also Unit timetable information

Chief examiner(s)

Co-requisites

Students must be enrolled in course code 3194 to undertake this unit.

Prohibitions