ECON6001 - Microeconomics Analysis 1

Semester 2, 2011  |  Credit Points: 6

Coordinator: Stephen Cheung
Phone: +61 2 9351 2135
Email: stephen.cheung@sydney.edu.au

Description

This unit is an introduction to modern microeconomic theory and as such has three purposes: (i) to introduce students to the major ideas of modern microeconomics and to develop their understanding of these ideas; (ii) to develop students' facility with analytic economic models; and (iii) to develop students' ability to solve economic problems with the ideas, techniques, and models available to professional economists. Topics covered include (i) individual decision-making by economic agents, (ii) the determination of prices and resource allocation in competitive general equilibrium models, (iii) strategic behaviour by firms under imperfect competition, and (iv) contracting with imperfect information.

Assessments

1x take home mid term exam (20%), 1x in-class mid term exam (30%), final exam (50%)

Classes

1x 3hr seminar per week

Prerequisites

ECON5001

The information displayed above is indicative only as online information is subject to change without notice. The Faculty Handbook and the University of Sydney Calendar are the official legal source of information relating to study at the University of Sydney