eco2cfc consumers, firms and competition
CONSUMERS, FIRMS AND COMPETITION
ECO2CFC
2019
Credit points: 15
Subject outline
In ECO2CFC you will build on the knowledge developed in your first year economics subjects, developing skills that are essential for undertaking applied microeconomic policy analysis in both private and public sectors. You will focus on consumer and producer decisions using a range of approaches, considering market equilibrium under different degrees of competitiveness, including perfect competition, monopoly and oligopoly.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorBuly Cardak
Available to Study Abroad StudentsYes
Subject year levelYear Level 2 - UG
Exchange StudentsYes
Subject particulars
Subject rules
Prerequisites BUS1BUE or BUS1ECW or ECO1DSM or with approval of subject coordinator.
Co-requisitesN/A
Incompatible subjectsN/A
Equivalent subjectsN/A
Special conditionsN/A
Graduate capabilities & intended learning outcomes
01. Apply analytical reasoning to better understand the incentives faced by individuals, firms, other non-government groups and the state.
- Activities:
- Lectures, in-class discussion
- 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. Analyse consumer, household and producer decisions focussing on relevant economic trade-offs.
- Activities:
- Interpretation of economic examples and data in lectures and 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)
03. Use models of consumer and producer decision-making to evaluate the welfare implications of different equilibria and develop a case for policy interventions by government.
- Activities:
- Discussion of tutorial problems, examples in lectures.
- 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)
Subject options
Select to view your study options…
Melbourne, 2019, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBuly Cardak
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: 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 | % | ILO* |
|---|---|---|---|
| Five, Individual online quizzes (1,000 words equivalence) | Online quizzes accessed via LMS | 25 | 01, 02, 03 |
| Mid-semester test (1,000 words equivalence) | Mid-semester test will include critical thinking and problem-solving exercises with a discussion component. | 25 | 01, 02, 03 |
| Final examination (2 hours) (2,000 words equivalence) | 50 | 01, 02, 03 |