This is an introduction to modern microeconomic theory and 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) analysis of strategic environments; and (iv) contracting with imperfect information.
Unit details and rules
Academic unit | Economics |
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Credit points | 6 |
Prerequisites
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None |
Corequisites
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None |
Prohibitions
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ECON6001 |
Assumed knowledge
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None |
Available to study abroad and exchange students | Yes |
Teaching staff
Coordinator | Suraj Prasad, suraj.prasad@sydney.edu.au |
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Lecturer(s) | Suraj Prasad, suraj.prasad@sydney.edu.au |