DEMAND, SUPPLY AND MARKETS

ECO1DSM

2014

Credit points: 15

Subject outline

This subject focuses on the behaviour of consumers and firms and their interaction in markets. It introduces students to the economic way of thinking, to the study of consumer and firm behaviour in competitive markets. Then issues of market failure associated with public goods and externalities are introduced along with theories of imperfect competition, business strategy and game theory. Emphasis is placed on markets for inputs such as labour. Microeconomic policies to address market failures are discussed.

FacultyFaculty of Business, Economics and Law

Credit points15

Subject Co-ordinatorHarry Clarke

Available to Study Abroad StudentsYes

Subject year levelYear Level 1 - UG

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjects ECO1PPA, ECO1IMI, BUS1BUE

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsPrinciples of microeconomicsPrescribedGans, J., King, S. & Mankiw, N. (2009)4TH EDN., NELSON

Subject options

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Start date between: and    Key dates

China, 2014, Week 28-31, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorHarry Clarke

Class requirements

Lecture Week: 28 - 31
One 2.0 hours lecture other recurrence on weekdays during the day from week 28 to week 31 and delivered via face-to-face.

Assessments

Assessment elementComments%
1-hour mid-semester test20
Tutorial performance10
one 2-hour final examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50
one application test20

China, 2014, Week 37-52, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorHarry Clarke

Class requirements

Lecture Week: 37 - 52
One 2.0 hours lecture other recurrence on weekdays during the day from week 37 to week 52 and delivered via face-to-face.

Assessments

Assessment elementComments%
1-hour mid-semester test20
Tutorial performance10
one 2-hour final examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50
one application test20

Melbourne, 2014, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorHarry Clarke

Class requirements

Lecture Week: 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.

Tutorial Week: 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.

Assessments

Assessment elementComments%
1-hour mid-semester test20
Tutorial performance10
one 2-hour final examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50
one application test20

Melbourne, 2014, Semester 2, Night

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorPeter Sivey

Class requirements

Tutorial Week: 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.

Lecture Week: 31 - 43
Two 1.0 hours lecture per week on weekdays at night from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments%
1-hour mid-semester test20
Tutorial performance10
one 2-hour final examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50
one application test20

Sydney, 2014, ACN Semester 1, Day

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorHarry Clarke

Class requirements

Lecture Week: 11 - 22
One 3.0 hours lecture other recurrence on weekdays during the day from week 11 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments%
1-hour mid-semester test20
Tutorial performance10
one 2-hour final examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject50
one application test20