Ability to understand and make appropriate use of core microeconomic concepts such as revenue and cost, opportunity cost, elasticities, marginal and average values

2023-05-19T12:31:34+00:00
  
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ECON10221: Microeconomics 

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Unit code

 ECON10221

Credit rating

10

Unit level

Level 1

Teaching period(s)

Semester 1

Offered by

  

Available as a free choice unit?

Yes


Overview
The aims of this course are to:

  • provide a self-contained introduction to microeconomics;
  • introduce a range of microeconomic concepts and analytical tools


Intended Learning Outcomes

  • ability to understand and make appropriate use of core microeconomic concepts such as revenue and cost, opportunity cost, elasticities, marginal and average values
  • understanding of the role and limits of markets
  • understanding of the relationship between modern “neoclassical” economics and “classical” schools of economic thought
  • ability to analyse the behaviour of firms


Pre/co-requisites
None, this unit assumes no Economics training

Aims
The aims of this course are to:

  • provide a self-contained introduction to microeconomics;
  • introduce a range of microeconomic concepts and analytical tools


Learning outcomes
Intended Learning Outcomes

  • ability to understand and make appropriate use of core microeconomic concepts such as revenue and cost, opportunity cost, elasticities, marginal and average values
  • understanding of the role and limits of markets
  • understanding of the relationship between modern “neoclassical” economics and “classical” schools of economic thought
  • ability to analyse the behaviour of firms

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