units

ECC2000

Faculty of Business and Economics

01 February 2012 13 February 2012

Undergraduate - Unit

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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
FacultyFaculty of Business and Economics
OfferedClayton First semester 2012 (Day)
Clayton Second semester 2012 (Day)
Coordinator(s)Professor Klaus Abbink (First semester)

Synopsis

Theory of consumer choice, including applications to income-leisure choice and intertemporal consumption; isoquant theory of production; allocative efficiency and competition and monopoly; models of monopolistic competition and oligopoly; input pricing; microeconomic policies to address problems of market failure.

Outcomes

The learning goals associated with this unit are to:

  1. analyse decision-making by individual consumers and producers
  2. understand decision making in game-theoretic set ups
  3. analyse price determination in product and input markets under various conditions
  4. analyse and critically evaluate policies designed to affect individual behaviour and market outcomes.

Assessment

Within semester assessment: 30%
Examination (2 hours): 70%

Chief examiner(s)

Professor Klaus Abbink (Semester 1)
Professor Nick Feltovich (Semester 2)

Contact hours

3 hours per week

Prerequisites

ECC1000 or permission