MICROECONOMIC THEORY AND APPLICATIONS

ECO4MTA

2018

Credit points: 15

Subject outline

This subject provides you with key principles of microeconomic theory at an advanced undergraduate level. It covers some of the most important topics, concepts and methods used in modern microeconomic analysis.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorYuji Tamura

Available to Study Abroad StudentsYes

Subject year levelYear Level 4 - UG/Hons/1st Yr PG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ECO3CMF or equivalent, i.e. microeconomics at the third-year undergraduate level

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsAdvanced microeconomic theory, 3eRecommendedG. A. Jehle & P. J. Reny, 2011FINANCIAL TIMES PRENTICE HALL

Graduate capabilities & intended learning outcomes

01. Verbally explain the theory of rational individual choice under certainty and uncertainty, using mathematical symbols and diagrams.

Activities:
Lecture & Tutorial homework exercises
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Discipline -Specific Knowledge and Skills

02. Use the theory of rational choice to analyse individual demand and supply in the non-strategic environment.

Activities:
Lecture & Tutorial homework exercises
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Discipline -Specific Knowledge and Skills

03. Distinguish between different game-theoretic frameworks based on the time-frame and informational characteristics of the strategic interaction(s) under consideration.

Activities:
Lecture & Tutorial homework exercises
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Discipline -Specific Knowledge and Skills

04. Predict potential outcomes by game-theoretically modelling situations that you come across.

Activities:
Lecture, Tutorial homework exercises & Small assignments
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Inquiry and Analytical Skills
Discipline -Specific Knowledge and Skills

05. Appreciate the importance of information for individual decision making and theoretical predictions

Activities:
Lecture, Tutorial homework exercises & Small assignments
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Discipline -Specific Knowledge and Skills

06. Follow the arguments in microeconomic theory papers in the process of reviewing the literature for your academic/practical work

Activities:
Small assignments
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Inquiry and Analytical Skills
Discipline -Specific Knowledge and Skills

Subject options

Select to view your study options…

Start date between: and    Key dates

Melbourne, 2018, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorYuji Tamura

Class requirements

Lecture Week: 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.

Tutorial Week: 11 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Tutorial based assignments2500 words equivalence in total50 01, 02, 03, 04, 05, 06
One two-hour final examination2,000 words equivalence50 01, 02, 03, 04, 05