2017 Summer School Subject List
Microeconomic Theory (ECON5001) - Applications Closed
|Faculty: Arts and Social Sciences |
Credit Points: 6
|Start Date: 05 Jan 2017 |
End Date: 16 Feb 2017
Status: Applications Closed
Applications Open: 04 Oct 2016
Applications Close: 07 Dec 2016
Census date: 18 Jan 2017
On-time withdrawals close: 18 Jan 2017
Available to audit: No
Open to HSC graduates?: No
This unit presumes no prior exposure to economics and aims, by the end of the unit, to bring a proficiency equivalent to that of students with an intermediate level microeconomics unit in an Honours degree program. Many economic principles developed in this unit are routinely used in several other units in the program. Microeconomics studies how economic agents make choices in a variety of environments. The unit covers theory and applications of the principles of consumer choice, of firm behaviour, and of strategic interaction among economic agents. Equipped with these theories of decision making, students can address a range of interesting and important questions. Examples are: What market strategy should a firm adopt with its competitors? How might one create a market to deal with externalities such as pollution? What are the implications of different kinds of taxes? What compensation scheme will provide the right incentives to work?
Online quizzes equivalent to 1000wd (10%), 1x1.5hr Mid-semester test (35%), 1x2hr Final exam (55%)
Start Date: 05 Jan 2017 End Date: 16 Feb 2017
Lectures: Tue & Thu: 18:00 - 21:00 hrs
Final Exam: Tue 21 Feb at 6pm (2 hrs & 10 mins reading time).
Carslaw Lab Room 408
To be advised.