ECC2000 Intermediate microeconomics
Faculty of Business and Economics
ECC2000 Intermediate microeconomics is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 1 and Semester 2 at Clayton. It needs ECB1101, ECW1101, ECC1000, ECF1100 or ECS1101 and unlocks 17 units.
- Credit points
- 6
- Offered in 2023
- Semester 1, Semester 2
- Clayton
- Assessment
- Exam 30%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2023 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ECC2000
Prohibitions
You can't enrol if you have passed any of these.
After ECC2000
17 units list ECC2000 as a prerequisite or corequisite.
- ECB3121Economics of international trade and financeNo reviews yet
- ECC3660Business cycle fluctuations and monetary policyNo reviews yet
- ECC3670Economics of developing countriesNo reviews yet
- ECC3690International economicsNo reviews yet
- ECC3710Labour economicsNo reviews yet
- ECC3740Economics of financial decision makingNo reviews yet
- ECC3810Public financeNo reviews yet
- ECC3830Industrial organisation and regulationNo reviews yet
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- ECC3841Network economicsNo reviews yet
- ECC3870Political economy: Institutions, order, and evidenceNo reviews yet
- ECC3890Internet business and digital economyNo reviews yet
- ECC5871Political economy: Institutions, order and evidenceNo reviews yet
- ECF3120Consumer economicsNo reviews yet
- ECF3121Economics of international tradeNo reviews yet
- ECF3900Business, competition and regulationNo reviews yet
- ECF5200Game theory and business strategyNo reviews yet
- ECW3301Case studies in international tradeNo reviews yet
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
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 2023
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
| Second semester | Clayton | On campus |
| November teaching period | Clayton | Block on |
Assessment
- Within semester assessment70%
- Examination30%
Learning outcomes
When you finish this unit, you should be able to:
- 1
analyse decision-making by individual consumers and producers
- 2
understand decision making in game-theoretic set ups
- 3
analyse price determination in product and input markets under various conditions
- 4
analyse and critically evaluate policies designed to affect individual behaviour and market outcomes.
Workload and teaching
- Seminars24 hours
- 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.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Learning resources
Required resources
Intermediate Microeconomics, 9th International Student Edition (Media Update); Hal Varian, ISBN 9780393689891
Technology resources
There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.
Where it fits
ECC2000 is part of 4 areas of study in the 2023 handbook.
Contacts
- Chief Examiners
- Dr Xiaodong Fan
- Professor Nicholas Feltovich
- Dr Jackie So
Common questions
What are the prerequisites for ECC2000?
You need ECB1101, ECW1101, ECC1000, ECF1100 or ECS1101 before you enrol. Enrolment rules also apply.
What can I take after ECC2000?
ECC2000 is a prerequisite or corequisite for 17 units, including ECB3121, ECC3660, ECC3670, ECC3690, ECC3710 and ECC3740.
When is ECC2000 offered?
In 2023, 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 30% of the final mark, alongside 1 other task.
Which majors and minors include ECC2000?
ECC2000 is part of Econometrics, Economic analysis, Economics and Mathematical foundations of econometrics.