ECC3000 Advanced microeconomics
Faculty of Business and Economics
ECC3000 Advanced microeconomics is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2025 in Semester 1 at Clayton. It needs ECC2000.
- Credit points
- 6
- Offered in 2025
- Semester 1
- Clayton
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
This is the 2025 handbook entry. See the 2027 entry.
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Requisites
Before ECC3000
Prerequisites
Pass these before you enrol.
After ECC3000
No unit lists ECC3000 as a prerequisite in the 2025 handbook.
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 covers the core microeconomic theories and their applications. The main topics include theories of decision making in strategic and non-strategic contexts. The unit develops a thorough understanding of various market structures, and reasons for market failures including the externalities and asymmetric information. Through a mix of theory and applications, you will gain a thorough understanding of modern microeconomic principles and theories preparing you for further study or careers in economics, finance, and policy analysis.
Offerings in 2025
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
Assessment
- Within semester assessment100%
Learning outcomes
When you finish this unit, you should be able to:
- 1
model and analyse optimal decision-making in strategic and non-strategic contexts
- 2
understand different market structures
- 3
identify the reasons for market failures
- 4
critically assess policies aimed at changing individual decision-making
- 5
possess technical proficiency to pursue Honours and Masters level research.
Workload and teaching
- Workshops24 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.
Where it fits
ECC3000 is part of 1 area of study in the 2025 handbook.
Contacts
- Chief Examiners
- Dr Kate Huang
Common questions
What are the prerequisites for ECC3000?
You need ECC2000 before you enrol. Enrolment rules also apply.
When is ECC3000 offered?
In 2025, ECC3000 runs in Semester 1 at Clayton.
How much work is ECC3000?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC3000 have an exam?
No. ECC3000 has 1 assessment task and no exam.
Which majors and minors include ECC3000?
ECC3000 is part of Economics.