|Unit convenor and teaching staff||
Unit convenor and teaching staff
Unit convenor & Lecturer
Contact via Email
E4A 420 - Phone 9850 6069
Please check ilearn for the updateTeaching Assistant & Tutor
Contact via Email
Please check ilearn for the update
15cp at 100 level or above including ECON111
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.
Information about important academic dates including deadlines for withdrawing from units are available at http://students.mq.edu.au/student_admin/enrolmentguide/academicdates/
|Tutorial||10%||Before next tutorial begins|
|Online Quizzes||20%||Weeks 3, 6, 9, 12|
|Research report||20%||Week 10|
|Final Examination||50%||No||University Examination Period|
Due: Before next tutorial begins
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: Altogether tutorial homework and participation will contribute 10% to your final mark in this unit (Homework (5%) and Participation (5%)).
Disruption to studies: If you are unable to attend a class due to illness or misadventure, you may apply for Disruption to Studies (see the Policies and Procedures section for details). Please note the best 10 of your 12 tutorial submission and participation are summed for the 10%. Only if you miss more than two tutorial submissions should you apply for disruption to studies. And if you get approval, you will be required to submit an alternative homework tasks based on the number of missed tutorials. The submission time and date is set by the Unit Convenor. These details are not negotiable. This task could be an oral task.
Facts you may need to know:
(i) Even though tutorial solutions will be made available on iLearn at the end of each week, those are mere guide only and tutors explain them in details during the tutorials. Thus do NOT rely only on the published solution for understanding, rather attend the tutorials.
(ii) Statistics show that among those who failed, 50% of them got zero in tutorial assessment. That means had they participated during the tutorials and submitted homework regularly, they would have passed the unit.
Due: Weeks 3, 6, 9, 12
There will be 4 online quizzes in this course, and each containing 25 multiple choice questions. They are of equal weight and together they will contribute 20% to your total mark in the unit. 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 opening and closing dates and time for each quiz. are as follow:
Quiz 1: Open: 9am Saturday 19 August; and Close: 11pm Monday 21 August.
Quiz 2: Open: 9am Saturday 9 September; and Close: 11pm Monday 11 September.
Quiz 3: Open: 9am Saturday 14 October; and Close: 11pm Monday 16 October.
Quiz 4: Open: 9am Saturday 04 November; and Close: 11pm Monday 06 November.
Please note that no extensions will be granted. Failure to complete any quiz will result in a zero mark for that quiz. The penalty does not apply for cases in which an application for disruption to studies is made and approved. In this case, students will have to complete an alternative quiz.
Students must be aware that IT failures may occur, and that with large numbers of students, congestion can at times limit access. It is the student’s responsibility to plan for these possibilities, and completion of the quiz soon after release is strongly advised.
Read the "Instruction for Online Quizzes" carefully before attempting.
Due: Week 10
You are required to prepare a research report to be submitted in Week 10, contributing 20% to the overall grade. The details of the research report will be available on iLearn in Week 5. The research report is aimed at encouraging students to investigate ethical and sustainability issues in the society along with written communication skills using material outside the assigned text.
Submission: Submission of the research report must be made to Turnitin on iLearn by 5pm on Monday, 16th October 2017. Detailed instructions on submission will be provided as separate document in Week 5. Guidance on how to submit a Turnitin assignment may be accessed from: http://mq.edu.au/iLearn/student_info/assignments.htm#turnitin.
Report marking: The research report will be marked on the basis of the marking criteria, which will be provided on iLearn in Week 5.
Extensions/Penalties: No extension will be granted. There will be a deduction of 10% if the total available marks made from the total awarded marks for each 24 hour period of part there off that the submission is made (for example, 25 hours late in submission - 20% penalty). This penalty shall not apply for cases where Disruption of Studies is made and approved.
The following learning outcomes are going to be addressed through this assessment task:
Demonstrate creativity and critical thinking in challenging the students to apply theoretical understanding of economics to real life economic problems.
Demonstrate the ability to effectively communicate theories and knowledge of microeconomics in technical and non-technical language.
Due: University Examination Period
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 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 7 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.
Lecture slides will be available on the unit web page at http://ilearn.mq.edu.au. Please consult the Unit Schedule for the lecture topics in each week. 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:
Perloff, J.M. (2016) Microeconomics (7th Ed), Pearson (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. This text is accompanied by MyEcon Lab. Details on logging on to access My EconLab are provided below. This resource is available for student's practice and is not assessed for the unit.
My Econ Lab log on instructions:
1. Go to www.pearsonmylabandmastering.com.
2. Under Register, select Student.
3. Confirm you have the information needed, then select OK! Register now.
4. Enter your instructor’s course ID: sinha20173, and Continue.
5. Enter your existing Pearson account username and password to Sign In.
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.
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 Series McGrawHill.
1. There are 12 topics to be covered over the 13-week semester. Some topics are longer than others, thus the numbering of topics below is tentative and not related to the number of lecture weeks.
2. It is essential that students either attend the lecture class or watch the ilecture for each topic on a weekly basis.
|Lecture Topic||Textbook's Chapter||Tutorial|
|1: Consumer Choice||Chapter 4||
Tutorial begins in Week 2
Note: You need to attend your registered tutorial class.
|2: Applying Consumer Theory||Chapter 5||01. Consumer choice|
|3: Firms and Production||Chapter 6||02. Applying Consumer theory|
03. Firms and production
|5: Competitive firms and markets||
|6: General Equilibrium||
|05. Competitive firms and markets|
|7: Monopoly, Pricing and advertising||Chapters 11 & 12||06. General Equilibrium|
|8: Oligopoly and Monopolistic Competition||Chapter 13||07. Monopoly, pricing and advertising|
|9: Factor Markets||Chapter 15||08. Oligopoly and Monopolistic Competition|
|10: Game Theory||Chapter 14||09. Factor Markets|
|11: Externalities, Open-Access and Public Good||Chapter 18||10. Game Theory|
|12: Asymmetric Information||Chapter 19||11. Externalities, Open-Access and Public Good|
|13: Revision Lecture|
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_2016.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Complaint Management Procedure for Students and Members of the Public http://www.mq.edu.au/policy/docs/complaint_management/procedure.html
Disruption to Studies Policy (in effect until Dec 4th, 2017): http://www.mq.edu.au/policy/docs/disruption_studies/policy.html
Special Consideration Policy (in effect from Dec 4th, 2017): https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policies/special-consideration
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.
For all student enquiries, visit Student Connect at ask.mq.edu.au
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 help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.
Our graduates will take with them the intellectual development, depth and breadth of knowledge, scholarly understanding, and specific subject content in their chosen fields to make them competent and confident in their subject or profession. They will be able to demonstrate, where relevant, professional technical competence and meet professional standards. They will be able to articulate the structure of knowledge of their discipline, be able to adapt discipline-specific knowledge to novel situations, and be able to contribute from their discipline to inter-disciplinary solutions to problems.
This graduate capability is supported by:
We want our graduates to be capable of reasoning, questioning and analysing, and to integrate and synthesise learning and knowledge from a range of sources and environments; to be able to critique constraints, assumptions and limitations; to be able to think independently and systemically in relation to scholarly activity, in the workplace, and in the world. We want them to have a level of scientific and information technology literacy.
This graduate capability is supported by:
Our graduates should be capable of researching; of analysing, and interpreting and assessing data and information in various forms; of drawing connections across fields of knowledge; and they should be able to relate their knowledge to complex situations at work or in the world, in order to diagnose and solve problems. We want them to have the confidence to take the initiative in doing so, within an awareness of their own limitations.
This graduate capability is supported by:
We want to develop in our students the ability to communicate and convey their views in forms effective with different audiences. We want our graduates to take with them the capability to read, listen, question, gather and evaluate information resources in a variety of formats, assess, write clearly, speak effectively, and to use visual communication and communication technologies as appropriate.
This graduate capability is supported by:
The following changes have been made from the previous offering;
1. Students are given a new text.
2. Unit outline has changed
3. MyEcon Lab has been added as an additional resource for students practice in their own time. This is not assessed.