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.
Faculty: Faculty of Business, Economics and Law
Credit points: 15
Subject Co-ordinator: Harry Clarke
Available to Study Abroad Students: Yes
Subject year level: Year Level 1 - UG
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: N/A
Co-requisites: N/A
Incompatible subjects: ECO1PPA, ECO1IMI, BUS1BUE
Equivalent subjects: N/A
Special conditions: N/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Principles of microeconomics | Prescribed | Gans, J., King, S. & Mankiw, N. (2009) | 4TH EDN., NELSON |
China, 2014, Week 28-31, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Harry Clarke
Class requirements
LectureWeek: 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 element | Comments | % |
|---|---|---|
| 1-hour mid-semester test | 20 | |
| Tutorial performance | 10 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 |
| one application test | 20 |
China, 2014, Week 37-52, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Harry Clarke
Class requirements
LectureWeek: 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 element | Comments | % |
|---|---|---|
| 1-hour mid-semester test | 20 | |
| Tutorial performance | 10 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 |
| one application test | 20 |
Melbourne, 2014, Semester 1, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Harry Clarke
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.
Assessments
| Assessment element | Comments | % |
|---|---|---|
| 1-hour mid-semester test | 20 | |
| Tutorial performance | 10 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 |
| one application test | 20 |
Melbourne, 2014, Semester 2, Night
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Peter Sivey
Class requirements
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
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 element | Comments | % |
|---|---|---|
| 1-hour mid-semester test | 20 | |
| Tutorial performance | 10 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 |
| one application test | 20 |
Sydney, 2014, ACN Semester 1, Day
Overview
Online enrolment: No
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Harry Clarke
Class requirements
LectureWeek: 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 element | Comments | % |
|---|---|---|
| 1-hour mid-semester test | 20 | |
| Tutorial performance | 10 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 50 |
| one application test | 20 |