Microeconomics Analysis 1 (ECON6001)

UNIT OF STUDY

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.

Further unit of study information

Classes

1x3hr seminar/week, 1x1hr non-compulsory tutorial/week

Assessment

1x1.5hr Mid-semester test (30%), 1x2hr Final exam (50%), 1xTake-home Mid-semester task equivalent to 1000wd (20%),

Faculty/department permission required?

No

Unit of study rules

Prerequisites and assumed knowledge

ECON5001

Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.