ECF5410 · Applied microeconomics

Overview

This unit applies microeconomic principles and empirical methods to explain and predict human behaviours and decisions. The emphasis is on the application of microeconomic theories to explain decisions by individuals and firms as well the applications of empirical methods to test the accuracy and relevance of various theoretical predictions. Some of the topics that will be discussed include the scientific nature of economics, individual decision-making processes on private and public goods and microeconomics of social and political issues.

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. upgrade the analytical and quantitative skills for microeconomics above the intermediate level
2. identify and describe the way in which economists apply economic theories and concepts to analyse various behaviours and issues
3. apply empirical methods to test the accuracy and relevance of various economic models
4. gain hands-on experience in the application of microeconomic principles to the analysis of a range of economic issues
5. demonstrate the ability to evaluate the contributions and limitations of economic analysis for understanding and informing policy options.

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.