Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Pundarik Mukhopadhaya
Contact via pundarik.mukhopadhaya@mq.edu.au
E4A 413
TBA
Teaching Assistant and Tutor
Ha Vu
Contact via ha.vu@mq.edu.au
E4A 429
TBA
Ha Vu
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Credit points |
Credit points
3
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Prerequisites |
Prerequisites
15cp including ECON111 and (GPA of 2.0 (out of 4.0) or (admission to BAppFin or BActStud or BBA or BBusAnalytics or BBusLeadCom or BCom or BCom-Accg or BCom-ProfAccg or BEc or BGlobalBus or BMktgMedia))
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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Unit description |
Unit description
This is an intermediate-level unit in theoretical and applied microeconomics. Topics include: consumer choice and the theory of demand; consumer welfare measurement; labour supply; intertemporal consumption; choice under uncertainty; theory of the firm; production and cost theory; profit maximisation; perfect competition; monopoly; oligopoly; game theory; and general equilibrium.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Name | Weighting | Due |
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Tutorial engagement | 5% | Each tutorial |
Class Test | 25% | Week 6 |
Online Quizzes | 10% | Week 4, 12 |
Online Assignment | 10% | Week 9 |
Final Examination | 50% | University Examination Period |
Due: Each tutorial
Weighting: 5%
Due: Week 6
Weighting: 25%
Due: Week 4, 12
Weighting: 10%
Due: Week 9
Weighting: 10%
The online assignment will be accessed through the unit web page at http://ilearn.mq.edu.au. Refer to the Unit Schedule for the opening and closing dates for the assignment.
The assignment may include true/false with explanation questions, explanation/discussion questions, and problem-solving questions. The details of the assignment will be released in Week 6.
Due: University Examination Period
Weighting: 50%
This unit provides 3 hours face-to-face teaching per week. It consists of two-hour lectures and one-hour tutorials. (There are NO tutorials in the first week of semester, and in Week 6 due to the class test).
The timetable for lectures and tutorials can be found on the University web site at: http://www.timetables.mq.edu.au.
As per university safety Policy every student must have a seat. The lecture will not run with students standing or sitting on the floor. If a lecture room is overfull, the lecturer may ask unseated students to leave. This is a requirement of University health and safety regulations.
Lecture slides will be available on the unit web page at http://ilearn.mq.edu.au. Please consult the Unit Schedule for precise details of the currently scheduled lecture topics for the whole unit. During the semester, unforeseen circumstances may require the cancellation of some lectures and/or tutorials. Any changes will be announced as far as possible in advance on the unit web page.
Lectures will start punctually. Students should arrive on time. Students may ask questions at the END of the lecture. It is disruptive and discourteous to arrive late or talk during lectures.
Attendance at lectures will not be enforced, but is strongly recommended. Students who miss classes put themselves at a considerable disadvantage for several reasons, including:
Besanko D. and Braeutigam R.R. (2014) Microeconomics (5th Ed), Wiley (Mentioned elsewhere as the textbook)
The text is available for purchase at Co-op Bookshop. A small number are available on reserve in the library.
You may find other intermediate microeconomic texts useful:
Pindyck R.S. and Rubinfeld D.L. (2013), Microeconomics (8th Ed), Pearson International Edition.
Nechyba, T.J. (2011), Microeconomics: An Intuitive Approach with Calculus (1st Ed), South-Western.
Perloff, J.M, R. Smith, and D. Round (2014), Microeconomics, Pearson.
Varian, H.R. (2006), Intermediate Microeconomics: A Modern Approach (7th Ed), New York: Norton.
Frank, R.H. (2006), Microeconomics and Behaviour (6th Ed), Boston: McGraw-Hill.
Henderson, J.M and E. Quandt (1980), Microeconomic Theory: A Mathematical Approach. McGrawHill
Dowling, E.T. (1980), Introduction to Mathematical Economics (2nd ed), Schaum's Outline Seriesm McGrawHill.
Course material as well as up to date information concerning any aspect of the unit, including any changes to the schedule, will be available to students by logging on to the learning management system (iLearn) that can be accessed via https://ilearn.mq.edu.au/login/MQ/.
Week |
Lecture Topic |
Reading |
Tutorial |
1 |
Introduction to Microeconomics |
Chapters 1 and 2 | NO TUTORIAL |
2 |
Consumer Preferences and Consumer Choice |
Chapters 3 and 4 | Tutorial 1: Supply and Demand |
3 |
The theory of Demand |
Chapter 5 |
Tutorial 2: Consumer Choice |
4 | Inputs and Production Functions | Chapter 6 |
Tutorial 3: The theory of Demand |
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Quiz 1: covering Lectures in weeks 1, 2, and 3. Opens 6pm Tuesday 17/3/2015 Closes 6pm Saturday 21/3/2015 |
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5 |
Cost Minimization and Cost Curves |
Chapter 7 and 8 | Tutorial 4: Production Functions |
6 |
CLASS TEST: Covering Lectures in weeks 1 to 5 |
NO Tutorial | |
Session Break (from Monday 6/4/15 to Friday 17/4/15) | |||
7 |
Perfectly Competitive Markets |
Chapter 9 |
Tutorial 5: Costs, and Class-test Feedback |
8 |
Applications of Competitive Markets |
Chapters 10 |
Tutorial 6: Competitive markets |
9 |
Monopoly | Chapter 11 | Tutorial 7: Applications of Competitive Markets |
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Online Assignment: covering Lectures in weeks 5, 7, 8 and 9. Opens 6pm Friday 8/5/2015 Closes 6pm Friday 15/5/2015 |
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10 |
Price Discrimination | Chapter 12 | Tutorial 8: Monopoly |
11 | Imperfect Competition and Strategic Behavior. | Chapters 13 and 14 | Tutorial 9: Price Discrimination |
12 |
General Equilibrium |
Chapter 16 | Tutorial 10: Imperfect Competition |
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Quiz 2: covering Lectures in weeks 9, 10, and 11 Opens 6pm Tuesday 26/5/2015 Closes 6pm Saturday 30/5/2015 |
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13 |
Revision | Tutorial 11: General Equilibrium | |
This unit schedule is subject to change if necessary. |
Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:
Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html
Assessment Policy http://mq.edu.au/policy/docs/assessment/policy.html
Grading Policy http://mq.edu.au/policy/docs/grading/policy.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Grievance Management Policy http://mq.edu.au/policy/docs/grievance_management/policy.html
Disruption to Studies Policy http://www.mq.edu.au/policy/docs/disruption_studies/policy.html The Disruption to Studies Policy is effective from March 3 2014 and replaces the Special Consideration Policy.
In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/
Results shown in iLearn, or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
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