eco2cfc consumers, firms competition

CONSUMERS, FIRMS COMPETITION

ECO2CFC

2014

Credit points: 15

Subject outline

This is an intermediate microeconomic theory subject, which expounds demand theory, producer theory, price determination and industry structure. Some welfare economics may also be treated. In particular, students learn how the behaviour of consumers is modelled and measured; using consumer preferences to ultimately derive a demand function representing the demand side of a market. Production technology and different market structures are modelled in the second half of the semester to ultimately derive a supply function representing the supply side of market.

FacultyFaculty of Business, Economics and Law

Credit points15

Subject Co-ordinatorSandy Suardi

Available to Study Abroad StudentsYes

Subject year levelYear Level 2 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ECO1DSM or BUS1BUE or ECO1PPA(pre) or ECO1IMI

Co-requisites ECO1EME or ECO2IQA or equivalent

Incompatible subjects ECO2PPA

Equivalent subjectsN/A

Special conditionsN/A

Learning resources

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsMicroeconomics.PrescribedPindyck, Robert S. and Daniel L. RubinfeldLATEST EDITION, PEARSON

Subject options

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Start date between: and    Key dates

Bendigo, 2014, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorRuth Williams

Class requirements

LectureWeek: 10 - 22
Two 1.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

TutorialWeek: 10 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

WorkShopWeek: 10 - 22
One 1.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments%
Two mid-semester tests40
one 2-hour final examination50
tutorial assessmentequivalent to 1500-words10

Melbourne, 2014, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorRobert Waschik

Class requirements

LectureWeek: 10 - 22
Two 1.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

TutorialWeek: 10 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

WorkShopWeek: 10 - 22
One 1.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments%
Two mid-semester tests40
one 2-hour final examination50
tutorial assessmentequivalent to 1500-words10

Melbourne, 2014, Semester 2, Night

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDamien Eldridge

Class requirements

WorkShopWeek: 31 - 43
One 1.0 hours workshop per week on weekdays at night from week 31 to week 43 and delivered via face-to-face.

TutorialWeek: 31 - 43
One 1.0 hours tutorial per week on weekdays at night from week 31 to week 43 and delivered via face-to-face.

LectureWeek: 31 - 43
One 2.0 hours lecture per week on weekdays at night from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments%
Two mid-semester tests40
one 2-hour final examination50
tutorial assessmentequivalent to 1500-words10