CONSUMERS, FIRMS AND COMPETITION

ECO2CFC

2020

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.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator: Buly Cardak

Available to Study Abroad/Exchange Students: Yes

Subject year level: Year Level 2 - UG

Exchange Students: No

Available as Elective: No

Learning Activities: N/A

Capstone subject: No

Subject particulars

Subject rules

Prerequisites: BUS1BUE or BUS1ECW or ECO1DSM or with approval of subject coordinator

Co-requisites: N/A

Incompatible subjects: N/A

Equivalent subjects: N/A

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: N/A

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

DISCIPLINE KNOWLEDGE AND SKILLS

INQUIRY AND ANALYSIS - Creativity and Innovation

INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving

Intended Learning Outcomes

01. Apply analytical reasoning to better understand the incentives faced by individuals, firms, other non-government groups and the state.

02. Analyse consumer, household and producer decisions focussing on relevant economic trade-offs.

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.

Melbourne (Bundoora), 2020, Semester 1, Day

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Enrolment information: N/A

Subject Instance Co-ordinator: Buly Cardak

Class requirements

LectureWeek: 10 - 22
One 2.00 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 1.00 hour tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
Five, Individual online quizzes (1,000 words equivalence)Online quizzes accessed via LMS	N/A	N/A	N/A	No	25	SILO1, SILO2, SILO3
Mid-semester test (1,000 words equivalence)Mid-semester test will include critical thinking and problem-solving exercises with a discussion component.	N/A	N/A	N/A	No	25	SILO1, SILO2, SILO3
Final examination (2 hours) (2,000 words equivalence)	N/A	N/A	N/A	No	50	SILO1, SILO2, SILO3