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 2025 in Semester 1, Semester 2 and Summer B at Clayton and Caulfield. It needs ECB1101, ECS1101, ECW1101, ECC1000 or ECF1100 and unlocks 16 units.
- Credit points
- 6
- Offered in 2025
- Semester 1, Semester 2, Summer B
- Clayton, Caulfield
- Assessment
- Exam 60%
- and 3 other tasks
- Workload
- 144 hours
- per semester
This is the 2025 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ECC2000
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ECC2000
16 units list ECC2000 as a prerequisite or corequisite.
- ECB3121Economics of international trade and financeNo reviews yet
- ECC3000Advanced microeconomicsNo 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
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- ECC3830Industrial organisation and regulationNo reviews yet
- ECC3841Network economicsNo reviews yet
- ECC3871Political economy: Institutions, order, and evidence No reviews yet
- ECC3890Internet business and digital economyNo reviews yet
- ECC5871Political economy: Institutions, order and evidenceNo reviews yet
- ECF3121Economics of international tradeNo reviews yet
- ECF3900Business, competition and regulationNo reviews yet
- ECF5200Game theory and business strategyNo 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 2025
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
| Second semester | Clayton | On campus |
| Summer semester B | Caulfield | On campus, block |
| November teaching period | Caulfield | On campus, block |
Assessment
- Within semester assessment70%
- Examination30%
- Quiz / Test50%
- Exercise20%
- Examination30%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand how markets work, and how prices work to allocate resources
- 2
understand the basic principles of how people make economic decisions, how they interact economically, and how the economy as a whole works
- 3
understand the role of public policy, and the constraints on its operation, when markets fail
- 4
understand how firms are organised and make decisions
- 5
have developed learning skills and begun to acquire the techniques of thinking like an economist
- 6
have sufficient grounding to attempt advanced studies in microeconomics in subsequent years.
Workload and teaching
- Tutorials12 hours
- Workshops24 hours
- Seminars24 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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
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 5 areas of study in the 2025 handbook.
Contacts
- Chief Examiners
- Sebastiano Della Lena
- Dr Jackie So
- Professor Nicholas Feltovich
- Dr Dyuti Banerjee
Common questions
What are the prerequisites for ECC2000?
You need ECB1101, ECS1101, ECW1101, ECC1000 or ECF1100 before you enrol. Enrolment rules also apply.
What can I take after ECC2000?
ECC2000 is a prerequisite or corequisite for 16 units, including ECB3121, ECC3000, ECC3660, ECC3670, ECC3690 and ECC3710.
When is ECC2000 offered?
In 2025, ECC2000 runs in Semester 1, Semester 2 and Summer B at Clayton and Caulfield.
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 4 other tasks.
Which majors and minors include ECC2000?
ECC2000 is part of Econometrics, Economic analysis, Economics and Mathematical foundations of econometrics.