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UnitLevel 2Undergraduate

ECC2000 Intermediate microeconomics

Faculty of Business and Economics

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ECC2000 Intermediate microeconomics is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 and Semester 2 at Clayton. It needs ECC1000, ECF1100, ECS1101, ECW1101 or ECB1101 and unlocks 17 units.

Credit points
6
Offered in 2020
Semester 1, Semester 2
Clayton
Assessment
Exam 60%
and 1 other task
Workload
144 hours
per semester

This is the 2020 handbook entry. See the 2027 entry.

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Requisites

Before ECC2000

Prohibitions

You can't enrol if you have passed any of these.

One of

Prerequisites

Pass these before you enrol.

One of

After ECC2000

17 units list ECC2000 as a prerequisite or corequisite.

Show 9 more

Equivalent units

The same content under another code. Only one of them counts.

Overview

This unit develops understanding of individual decision making in consumption and production. It introduces theory of consumer choice, including applications to income-leisure choice. In the theory of production, it develops the concept of allocative efficiency and implications for input pricing. Various market structures are analysed: competition, monopoly, monopolistic competition and oligopoly. The unit discusses market failures and relevant microeconomic policies.

Offerings in 2020

Teaching periodCampusMode
First semesterClaytonOn campus
First semester (Fully flex)ClaytonFlexible
Second semesterClaytonOn campus

Assessment

  • Within semester assessment
    40%
  • Examination
    60%

Learning outcomes

When you finish this unit, you should be able to:

  1. 1

    analyse decision-making by individual consumers and producers

  2. 2

    understand decision making in game-theoretic set ups

  3. 3

    analyse price determination in product and input markets under various conditions

  4. 4

    analyse and critically evaluate policies designed to affect individual behaviour and market outcomes.

Workload and teaching

  • Lectures24 hours
  • Tutorials12 hours
  • Teaching approachActive learning

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Learning resources

Required resources

Microeconomic Theory: Basic Principles and Extensions, by Nicholson and Snyder. 11th or 12th edition

Where it fits

ECC2000 is part of 3 areas of study in the 2020 handbook.

Contacts

Chief Examiners
Professor Nicholas Feltovich
Dr Xiaodong Fan

Common questions

What are the prerequisites for ECC2000?

You need ECC1000, ECF1100, ECS1101, ECW1101 or ECB1101 before you enrol.

What can I take after ECC2000?

ECC2000 is a prerequisite or corequisite for 17 units, including ECB3121, ECB3830, ECC3660, ECC3670, ECC3690 and ECC3710.

When is ECC2000 offered?

In 2020, ECC2000 runs in Semester 1 and Semester 2 at Clayton.

How much work is ECC2000?

The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.

Does ECC2000 have an exam?

Yes. The exam is worth 60% of the final mark, alongside 1 other task.

Which majors and minors include ECC2000?

ECC2000 is part of Econometrics, Economic analysis and Economics.

More details

Credit points
6
Level
2
Study level
Undergraduate
Faculty
Faculty of Business and Economics
Organisational unit
Department of Economics
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 3
Study abroad
Not available
Handbook years
20202021202220232024202520262027