ECON4402 Microeconomic Theory

Credit
6 points
Offering
(see Timetable)
AvailabilityLocationMode
Semester 2UWA (Perth)Face to face
Details for undergraduate courses
  • Honours option in Economics [Bachelor of Commerce (Honours)]
Content
The aim of this unit is to give students a comprehensive and formal understanding of microeconomic theory. Topics include consumer choice, theory of the firm, market failures, welfare analysis and game theory.
Outcomes
Students are able to (1) use consumer choice theory and demand analysis in market measurement and analysis; (2) use consumer production theory and cost analysis in market measurement and analysis; (3) explain the concept of market equilibrium and its efficiency implications; and (4) understand the strategic behaviour of economic agents and the implications for market outcomes.
Assessment
Indicative assessments in this unit are as follows: (1) homework assignments; (2) research project presentation; and (3) examination. Further information is available in the unit outline.

Supplementary assessment is not available in this unit.
Unit Coordinator(s)
Dr Luciana Fiorini
Unit rules
Prerequisites:
Enrolment in the Bachelor of Commerce (Honours) (BH002)
or
completion of 144 points in the Bachelor of Philosophy (Honours) (BH005).

and
ECON3302 Applied Microeconomics
or
ECON3272 Intermediate Mathematics for Economists; for pre-2012 courses: ECON3364 Microeconomic Theory
or
ECON7491 Microeconomic Theory and Applications
Contact hours
lectures/tutorials/seminars/workshops: up to 3 hours per week
Unit Outline
Semester 1_2019 [SEM-1_2019]
  • 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.