CONSUMERS, FIRMS AND COMPETITION

ECO2CFC

2021

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/Exchange StudentsYes

Subject year levelYear Level 2 - UG

Available as ElectiveNo

Learning ActivitiesInterpretation of economic examples and data in lectures and tutorials

Capstone subjectNo

Subject particulars

Subject rules

PrerequisitesECO1DSM OR BUS1ECW OR BUS1BUE

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/A

Graduate capabilities & intended learning outcomes

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.
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.

Subject options

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Start date between: and    Key dates

Melbourne (Bundoora), 2021, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorBuly 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 elementCommentsCategoryContributionHurdle% ILO*

Five, Individual online quizzes (1,000 words equivalence) Online quizzes accessed via LMS

N/AQuizzesIndividualNo25 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/AOtherIndividualNo25 SILO1, SILO2, SILO3

Final examination (2 hours) (2,000 words equivalence)

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3