eco3cmf microeconomics 3
COMPETITION, MARKET FAILURE AND GOVERNMENT
ECO3CMF
2014
Credit points: 15
Subject outline
This subject complements Consumers, Firms and Competition. Students completing both subjects will have a thorough grounding in markets, indivual behaviour and government responses to a range of market failures. Topics include general equilibrium, welfare economics and market failure, public goods and externalities, risk and decision theory, information asymmetry and contracts, and monopoly.
FacultyFaculty of Business, Economics and Law
Credit points15
Subject Co-ordinatorBuly Cardak
Available to Study Abroad StudentsYes
Subject year levelYear Level 3 - UG
Exchange StudentsYes
Subject particulars
Subject rules
Prerequisites ECO2CFC or ECO2MIT or ECO2PPA
Co-requisitesN/A
Incompatible subjects ECO3PPB
Equivalent subjectsN/A
Special conditionsN/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Microeconomics with Calculus. 2nd edition (TBC) | Recommended | Brian R. Binger and Elizabeth Hoffman | ADDISON WESLEY |
| Readings | Microeconomics with Calculus. 2nd edition (TBC) | Recommended | Jeffrey M. Perloff | PEARSON |
Subject options
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Melbourne, 2014, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBuly Cardak
Class requirements
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.
LectureWeek: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % |
|---|---|---|
| 0ne one hour mid semester exam | 20 | |
| One two hour final exam | 70 | |
| tutorial assessments | 10 |