Studying online

There are now 2 possible online modes for units:

Units with modes Online timetabled and Online flexible are available for any student to self-enrol and study online.

Click on an offering mode for more details.

Unit Overview

Description

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.

Credit
6 points
Offering
(see Timetable)
AvailabilityLocationMode
Semester 1UWA (Perth)Face to face
Details for undergraduate courses
  • Honours option in Business Economics [Bachelor of Commerce (Honours)]
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.



Student may be offered supplementary assessment in this unit if they meet the eligibility criteria.

Unit Coordinator(s)
Luciana Fiorini
Unit rules
Prerequisites
Enrolment in
BH002 Bachelor of Commerce (Honours)
or BH013 Bachelor of Economics (Honours)
or 42620 Master of Economics
or 42670 Master of Economics
or Enrolment in
BH005 Bachelor of Philosophy (Honours)
and Successful completion of
144 credit points
or Enrolment in
CM002 Bachelor of Economics and Master of Economics
and Successful completion of
144 credit points
Contact hours
lectures/tutorials/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.
  • Visit the Essential Textbooks website to see if any textbooks are required for this Unit. The website is updated regularly so content may change. Students are recommended to purchase Essential Textbooks, but a limited number of copies of all Essential Textbooks are held in the Library in print, and as an ebook where possible. Recommended readings for the unit can be accessed in Unit Readings directly through the Learning Management System (LMS).
  • Contact hours provide an indication of the type and extent of in-class activities this unit may contain. The total amount of student work (including contact hours, assessment time, and self-study) will approximate 150 hours per 6 credit points.