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Microeconomic Principles - WECO111
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 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 |
| When Offered: | 2016 - Next offered in 2016 |
| Staff Contact(s): | |
| Prerequisites: |
Admission to DipAccgComBusAdm |
| Corequisites: | |
| NCCW(s): | ECON111 |
| Unit Designation(s): | |
| Unit Type: | FoundationMUIC unit |
| Assessed As: | Graded |
| Offered By: | Macquarie University International College |
Timetable Information
For unit timetable information and session dates for external offerings please visit the Timetables@Macquarie Website.