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ECON111: Microeconomic Principles
This unit aims to provide an introduction to the main ideas and concepts involved in modern economics; and attempts to provide students with an understanding of how the economy works, what type of problems economists attempt to solve, and how they set about trying to solve them. The unit is primarily concerned with the analysis of individual decision-making units, and the behaviour of firms and industries in the economy, i.e. with microeconomics. Topics covered include: consumer choice and demand analysis; the firm and its production and costs; market structures from perfect competition to monopoly; factor markets; income distribution, poverty and discrimination; welfare economics; and market failure and microeconomic reform.
| Credit Points: | 3 |
| Contact Hours: | 3 |
| When Offered: | D1 - Day; Offered in the first half-year D2 - Day; Offered in the second half-year E2 - Evening; Offered in the second half-year Summer Session - Offered in January-February 2011 as part of Summer School program |
| Staff Contact(s): | Dr Michael Dobbie, Ms Andrea Chareunsy |
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| Assessed As: | Graded |
| Offered By: | Department of Economics |
Timetable Information
For unit timetable information please visit the Timetables@Macquarie Website .