Online Courses Handbook 2003

1234 (v.3) Economics 100

Area:	School of Economics and Finance
Contact Hours:	3.0
Credits:	25.0
Lecture:	1 x 2 Hours Weekly
Tutorial:	1 x 1 Hours Weekly
Equivalent(s):	11002 (v.2) Economics (Micro) 100 or any previous version
Micro economics. Supply and demand, elasticities, utility and consumer theory. Applications of theory including price controls, agricultural stabilisation, international trade and exchange rates. Production and cost theory. Profit maximisation. Competitive, monopolistic and oligopolistic markets. Natural monopolies and regulation. Factor markets. Sources of market failure.