178201

Microeconomics

Course
The development and application of models of consumer optimisation, producer behaviour, and competition in markets.
Course code

Qualifications are made up of courses. Some universities call these papers. Each course is numbered using 6 digits.

178201
Level

The fourth number of the course code shows the level of the course. For example, in course 219206, the fourth number is a 2, so it is a 200-level course (usually studied in the second year of full-time study).

200-level
Credits

Each course is worth a number of credits. You combine courses (credits) to meet the total number of credits needed for your qualification.

15
Subject
Economics

Course planning information

Course notes

In this course, students will learn and apply analytical tools to analyze price movements, assess firms' profit-maximization strategies, and evaluate governmental policy design and implementation to enhance overall welfare, including addressing economic and non-economic challenges such as environmental sustainability and market inefficiencies.

Students must achieve a minimum of 45/100 in the final examination in order to be eligible for a passing grade.

Prerequisite courses

Complete first
115113 or 115106

You need to complete the above course or courses before moving onto this one.

General progression requirements

You must complete at least 45 credits from 100-level before enrolling in 200-level courses.

Learning outcomes

What you will learn. Knowledge, skills and attitudes you’ll be able to show as a result of successfully finishing this course.

  • 1 Employ theoretical knowledge to examine microeconomic influences on individuals and firms.
  • 2 Analyse and apply core theoretical models of consumer and producer behaviour.
  • 3 Communicate theoretical economic reasoning and analysis in writing.
  • 4 Analyse ethical factors involved in economic decision-making by individuals and firms.

Learning outcomes can change before the start of the semester you are studying the course in.

Textbooks needed

Textbooks can change. We recommend you wait until at least seven weeks before the semester starts to buy your textbooks.

Compulsory

INTERMEDIATE MICROECONOMICS AND ITS APPLICATIONS

Author
WALTER NICHOLSON AND CHRISTOPHER SYNDER
ISBN
978-0-357-13306-4
Edition
13TH
Publisher
CENGAGE
Notes
Required for all offerings

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