13506 (v.3) Economics (Markets) 503

Area:

School of Economics and Finance

Credits:

25.0

Contact Hours:

3.0

Lecture:

1 x 2 Hours Weekly

Tutorial:

1 x 1 Hours Weekly

Syllabus:

Utility and preference, consumer choice, applications and extensions of consumer choice theory, production and cost, the firm and the industry, market structures, game theory, factor markets and distribution of income, market failure, asymmetric information, externalities and public goods.

Unit Outcomes:

On completion of this unit students will have gained an understanding of the microeconomic foundations and workings of a modern market economy and have the ability to apply microeconomic theory to problems related to managerial and public-policy decisionmaking.

Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.

Unit References:

no prescribed references.

Unit Texts:

Pindyck R.S., (2001), Microeconomics, 5th ed., Prentice Hall International.

Unit Assessment Breakdown:

Assignment 20%, Examination 50%, Presentation 10%, Test 20%. This is by grade/mark assessment.

Year	Location	Period	Internal	Area External	Central External
2004	Bentley Campus	Semester 1	Y		Y
2004	Bentley Campus	Semester 2	Y
2004	Bentley Campus	Summer Period	Y