Microeconomics

Course aim

To introduce students to the meaning and application of fundamental economic principles predominantly within the context a market economy.

Course content

The economic decisions faced by individuals, firms and governments and the alternative mechanisms for solving them; the organisation of production in a modern mixed economy and in an international context; analysis of price and output determination in the context of free markets; the impact on resource allocation when the price mechanism is interfered with; The meaning of economic costs and the links between productivity, resource prices and costs; market structures and model; strengths and weaknesses of the market mechanism; strategic behaviour between firms; Australia's changing role in the global market and in international trade.

Textbook(s)

Jackson. J and McIver. R 2008, Microeconomics, 8th, McGraw-Hill, Sydney

Prerequisite(s)

Nil

Corequisite(s)

Nil

Teaching method

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Assignment, Examination, Test, Tutorial work

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.