ECON2233 Microeconomics: Policy and Applications

Credit
6 points
Offering
(see Timetable)
(see Summer Timetable)
AvailabilityLocationMode
Semester 1UWA (Perth)Face to face
Summer teaching periodUWA (Perth)Multi-mode
Details for undergraduate courses
  • Level 2 core unit in the Economics; Professional Economics major sequences
  • The area of knowledge for this unit is Management and Commerce
  • Category B broadening unit for students
  • Level 2 elective
Content
This is an intermediate unit in microeconomic theory and policy applications. It provides an economic explanation of how consumers and producers behave and how their activities are coordinated using markets and prices. Topics include consumer behaviour; firm behaviour; choice under uncertainty; market behaviour and externalities.
Outcomes
Students are able to (1) develop a logical way of thinking to analyse and explain economic principles; (2) apply economic models and the concept of opportunity costs in making decisions and understanding microeconomic policies; (3) effectively communicate economic issues; and (4) apply optimal techniques of strategic interaction to co-operatively communicate.
Assessment
Typically this unit is assessed in the following ways: (1) tutorial participation ; (2) LMS homework; and (3) examinations. Further information is available in the unit outline.

Supplementary assessment is not available in this unit except in the case of a bachelor's pass degree student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
Unit Coordinator(s)
Dr Ishita Chatterjee (Summer School) and Dr Bei Li (Semester 1)
Unit rules
Prerequisites:
ECON1101 Microeconomics: Prices and Markets
Contact hours
lectures/Practical Classes/seminars/workshops: up to 3 hours per week
  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.