Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit convenor & Lecturer
Ha Vu
E4A 429
TBA
Tutor
Mara Hammerle
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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 | 10% | Each tutorial |
Class Test | 20% | Thursday 07/01/16 |
Online Quizzes | 10% | Weekly |
Assignment | 10% | Monday 18/01/16 |
Final Examination | 50% | University Examination Period |
Due: Each tutorial
Weighting: 10%
Tutorials constitute a critical learning experience of this unit, within which the tutor will facilitate a highly student-centred discussion of answers to pre-set questions. A tutorial is also an active forum to present to the tutor difficulties you may have encountered when preparing for the questions. Students are required to participate in tutorial classes and submit homework in order to earn 10% of the unit mark.
Tutorial assessment includes two components: Homework (5%) and Participation (5%).
Altogether tutorial homework and participation will contribute 10% to your final mark in this unit.
If you are unable to attend a class due to illness or misadventure, you must present a case for Disruption to Studies (see the Policies and Procedures section for details).
Most of the tutorial questions are from the textbook. Tutorial solutions will be made available on iLearn at the end of each week.
Due: Thursday 07/01/16
Weighting: 20%
A 90-minute test (including multiple choice questions and written-answer questions) will be held in place of the lecture on Thursday 07/01/16. This test is an indication of the form of the final examination. The test will cover chapters 3 to 7.
Failure to attend the class test without the submission of an application for Disruption to Studies on the grounds of illness or unavoidable mishap together with the required supporting documentation (see the Policies and Procedures section for details) will result in a mark of zero for the assessment.
If the application for Disruption to Studies is accepted, the student will have to take a supplementary test which could be an oral test.
Due: Weekly
Weighting: 10%
There will be 4 online quizzes in this course, and each containing 20 multiple choice questions. Each quiz is worth 2.5%. Each student will most likely face a slightly different set of questions. The quizzes will be accessed online through the unit web page at http://ilearn.mq.edu.au.
The schedule and the coverage for each quiz are as follows:
Make sure you read the "Instruction for Online Quizzes" carefully before attempting each quiz.
Due: Monday 18/01/16
Weighting: 10%
This assignment will assess students' ability to apply microeconomic principles to explain and analyze real-world problems. Students will be given a set of reading articles (mainly up-to-date news articles) and use the information from the articles to answer the questions. The assignment will cover all topics up to the topic before the submission date.
Each assignment must represent the student's own work. In particular, this means that the written answers submitted by the student should be composed by that student. Copying of another student's answer or from textbooks, or getting someone else (with or without payment) to do the assignment for you, or part thereof, is clearly regarded as plagiarism. Cases of plagiarism will be dealt with severely. For further information on plagiarism and how to avoid it, please refer to the university policy about academic honesty and integrity.
Assignments must be submitted in the lecture class on Monday 18/01/16. Late submission will be accepted up to 72 hours after the submission deadline. There will be a deduction of 20% of the total available marks for each 24 hour period, or part thereof, that the submission is late (for example, 25 hours late in submission means a 40% penalty). This penalty does not apply for cases in which an application for Disruption to Studies is made and approved. Failure to submit the assignment will result in a mark of zero.
Due: University Examination Period
Weighting: 50%
A 2 hour final examination for this unit will be held during the University Examination period. For details check: http://www.timetables.mq.edu.au/exam. The examination will contain multiple choice questions and written-answer questions.
The conditions for the requesting and granting of Disruption to Studies are set out in the Policies and Procedures section of this Unit Guide. If a Supplementary Examination is granted as a result of the Disruption to Studies process, the examination will be scheduled after the conclusion of the official examination period. You are advised that it is Macquarie University policy not to set early examinations for individuals or groups of students. All students are expected to ensure that they are available until the end of the teaching semester, the final day of the official examination period. Also, although the material coverage for the Supplementary exam would be the same as the final exam, it will include ALL written answers questions (NO multiple choice questions).
This is an intensive 5-week course, with several lecture and tutorial classes per week. The timetable for lectures and tutorials can be found on the University web site at: http://www.timetables.mq.edu.au.
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.
Attendance is highly 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. (2014), Intermediate Microeconomics: A Modern Approach (9th Ed), New York: Norton.
Frank, R.H. (2010), Microeconomics and Behaviour (8th 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.
Date | Lecture Meeting | Chapter/Topic | Tutorial meeting |
Monday, 07/12/15 | 01. 9-11am, W5C 220 | Chapter 3: Consumer preference and Utility | Note: You need to attend your registered tutorial class. |
Thursday, 10/12/15 | 02. 9-11am, W6B 336 | Chapter 4: Consumer Choice | |
01. Consumer preference |
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Quiz 1: Opens 9am Friday 11/12/15 and closes 11pm Sunday 13/12/15. | |||
Monday, 14/12/15 | 03. 9-11am, W5C 220 | Chapter 5: Demand Theory | |
02. Consumer choice | |||
Thursday, 17/12/15 | 04. 9-11am, W6B 336 | Chapter 6: Inputs and Production Functions | |
12-1pm, W5C 220 | Chapter 6 (cont) | ||
Quiz 2: Opens 9am Friday 18/12/15 and closes 11pm Sunday 20/12/15. | |||
Session break | |||
Monday, 04/01/16 | 05. 9-11am, W5C 220 | Chapter 7: Costs and Cost Minimization | |
03. Demand theory and Production function |
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Thursday, 07/01/16 | 9-11am, W6B 336 | In-class test | |
06. 12-1pm, W5C 220 | Chapter 8: Cost Curves | ||
04. Costs and Cost minimization | |||
Quiz 3: Opens 9am Friday 08/01/16 and closes 11pm Sunday 10/01/16. | |||
Monday, 11/01/16 | 07. 9-11am, W5C 220 | Chapter 9: Perfectly Competitive market | |
05. Cost curves |
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Assignment question paper released: Covering Chapter 3 to Chapter 11. | |||
Thursday, 14/01/16 | 08. 9-11am, W6B 336 | Chapter 10: Competitive market: Application | |
09. 12-1pm, W5C 220 | Chapter 11: Monopoly | ||
06. Perfect competition |
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Monday, 18/01/16 | 10. 9-11am, W5C 220 | Chapter 12: Capturing surplus | |
07. Application of perfect competition and Monopoly |
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Assignment submission: In the lecture class | |||
Thursday, 21/01/16 | 11. 9-11am, W6B 336 | Chapter 13: Market structure and Competition | |
12. 12-1pm, W5C 220 | Chapter 14: Game theory and strategic behavior | ||
08. Capturing surplus |
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13. 4-6pm, W5C 220 |
Revision lecture + extra practice questions on market structure and game theory. |
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Quiz 4: Opens 9am Friday 22/01/16 and closes 11pm Sunday 24/01/16. |
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.
For all student enquiries, visit Student Connect at ask.mq.edu.au
For help with University computer systems and technology, visit http://informatics.mq.edu.au/help/.
When using the University's IT, you must adhere to the Acceptable Use Policy. The policy applies to all who connect to the MQ network including students.
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