MICROECONOMIC THEORY AND APPLICATIONS
ECO4MTA
2017
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.
School: La Trobe Business School
Credit points: 15
Subject Co-ordinator: Yuji Tamura
Available to Study Abroad Students: Yes
Subject year level: Year Level 4 - UG/Hons/1st Yr PG
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: ECO3CMF or equivalent, i.e. microeconomics at the third-year undergraduate level
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: N/A
Special conditions: N/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Advanced microeconomic theory, 3e | Recommended | G. A. Jehle & P. J. Reny, 2011 | FINANCIAL 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(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Discipline -Specific Knowledge and 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(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Discipline -Specific Knowledge and 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(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Discipline -Specific Knowledge and 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(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Discipline -Specific Knowledge and 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(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Discipline -Specific Knowledge and 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(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
Melbourne, 2017, Semester 1, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Yuji Tamura
Class requirements
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.
TutorialWeek: 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 element | Comments | % | ILO* |
|---|---|---|---|
| Tutorial based assignments | 2500 words equivalence in total | 50 | 01, 02, 03, 04, 05, 06 |
| One two-hour final examination | 2,000 words equivalence | 50 | 01, 02, 03, 04, 05 |