Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Moderator
Andrea Chareunsy
4ER 409
Consultation: by appointment
Unit Convenor
Andrea Chareunsy
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
Admission to MAppEcon or MCom or MAcc(Prof)MCom or MBioTechMCom or MEc
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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 intensive analysis of the major topics in microeconomics. The unit covers the theory of consumer behaviour, the theory of production and costs, market structures (including perfect competition; monopoly; imperfect competition), factor markets, general equilibrium, game theory and elementary welfare economics. The theory is taught in an applied context.
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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 | Hurdle | Due |
---|---|---|---|
Online Quiz | 30% | No | Week 7 |
Online Presentation | 30% | No | Week 10 |
Final Examination | 40% | No | University Examination Period |
Due: Week 7
Weighting: 30%
This online quiz will be held in Week 7. The quiz will comprise of 4 topics for which you must demonstrate your understanding of concepts covered from Week 2 - Week 6.
Failure to submit the quiz without the submission of an application regarding Special Consideration 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.
Due: Week 10
Weighting: 30%
This online presentation comprises annotated Powerpoint slides with recorded oral commentary, analysing real-world issues faced by economists. More details of the issues and appropriate applied economic concepts will be available after the mid-session break.
Failure to submit the presentation without the submission of an application regarding Special Consideration 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.
Due: University Examination Period
Weighting: 40%
The Final Examination will consist of multiple choice and short answer questions, requiring both diagrammatic and calculation-based answers. The exam itself will be delivered and the script submitted online, with a time limit from opening of the exam to final submission of 2 hours. This will be held during the University Examination Period.
The conditions for the requesting and granting of requests regarding Special Consideration are set out in the Policies and Procedures section of this Unit Guide.
Further details will be provided on iLearn.
Online Lecture time Friday 12pm
This online unit provides 3 hours of weekly contact time through a variety of delivery modes, depending on the discussion topic. Please check iLearn weekly for details.
It is recommended that students follow the unit iLearn weekly. Online participation will be monitored.
Text
Perloff, J (2018), Microeconomics, 8th edition, Global edition, Pearson Education Limited.
Reference
Perloff, JM, (2014), Microeconomics, Theory and Applications with Calculus (3rd Ed), Pearson/Addison Wesley
Technology Used and Required
Unit Web Page
Material for the unit 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 unit web page at http://ilearn.mq.edu.au.
You are advised to regularly visit the website weekly and use it as a resource centre to assist with your learning.
This unit is designed to provide the tools which can then be applied to real world issues. There should be the opportunity to explore issues raised in the weekly material and to ask questions. As such online participation in discussions relating to the application of microeconomic concepts is essential to successfully completing this unit.
Module 1: Introduction. Supply and DemandPerloff Chs 1, 2, 3 |
Module 2: Deriving Demand - Consumer ChoicePerloff Ch 4,5 |
Module 3: Deriving Supply - Firms and ProductionPerloff Chs 6, 7 |
Module 4: Where they meet - MarketsPerloff Chs 8, 9, 10, 11 |
ONLINE QUIZ (Week 7, Friday) |
Module 5: real Markets - a TasterPerloff Chs 12, 13, 14, 15, 16, 17 |
ONLINE PRESENTATION AND REPORT (Week 10, Friday) |
Module 6: Externalities and InformationPerloff Chs 18, 19, 20 |
FINAL EXAMINATION (ONLINE) |
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Offering in Session 2 is an online delivery, that is based on a combination of reading materials, discussions and online interaction.