CONSUMERS, FIRMS AND COMPETITION
ECO2CFC
2018
Credit points: 15
Subject outline
In this subject, you will study theories of consumer behaviour and producer behaviour to deepen your understanding of market demand and market supply. You will examine market equilibrium under different degrees of competitiveness, namely, perfect competition, monopoly and oligopoly. Through lectures, tutorials and homework, you will enhance your economic knowledge from your first-year economics subjects by learning how to model economic trade-offs with diagrammatic and mathematical methods. You will acquire skills that are essential for undertaking microeconomic policy analysis in both private and public sectors.
School: La Trobe Business School
Credit points: 15
Subject Co-ordinator: Yuji Tamura
Available to Study Abroad Students: Yes
Subject year level: Year Level 2 - UG
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: ECO2IQA or ECO1DSM
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: N/A
Special conditions: Core subject in the Economics Major
Graduate capabilities & intended learning outcomes
01. Understand and apply the theories of consumer and producer behaviours to derive market demand and supply diagrammatically and mathematically
- Activities:
- Lectures, homework
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
02. Derive and examine market equilibrium under different degrees of competitiveness both diagrammatically and mathematically
- Activities:
- Tutorials, Assessment tasks
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
03. Apply diagrammatic and mathematical methods to analyse welfare consequences of government interventions
- Activities:
- Lectures, Tutorials
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
Melbourne, 2018, Semester 2, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Yuji Tamura
Class requirements
LectureWeek: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
TutorialWeek: 32 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 32 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Five, Individual small assignments (1,500 words equivalence) | Online submission of selected tutorial exercises via LMS | 25 | 01, 02, 03 |
| Mid-semester test (1,000 words equivalence) | 25 | 01, 02, 03 | |
| Final examination (2 hours) (2,000 words equivalence) | 50 | 01, 02, 03 |