ECC3000 · Advanced microeconomics

Overview

This unit covers the core microeconomic theories and their applications. The main topics include theories of decision making in strategic and non-strategic contexts. The unit develops a thorough understanding of various market structures, and reasons for market failures including the externalities and asymmetric information. Through a mix of theory and applications, you will gain a thorough understanding of modern microeconomic principles and theories preparing you for further study or careers in economics, finance, and policy analysis.

Offerings

Assessment

The Handbook does not list a final examination among the assessment items. That is not a guarantee there is none.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

Learning outcomes

1. model and analyse optimal decision-making in strategic and non-strategic contexts
2. understand different market structures
3. identify the reasons for market failures
4. critically assess policies aimed at changing individual decision-making
5. possess technical proficiency to pursue Honours and Masters level research.

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.