ECC5650 Microeconomic theory
Faculty of Business and Economics
ECC5650 Microeconomic theory is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 1 at Clayton. It has no prerequisites.
- Credit points
- 6
- Offered in 2027
- Semester 1
- Clayton
- Assessment
- No exam
- 3 tasks
- Workload
- 144 hours
- per semester
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Requisites
Before ECC5650
No prerequisites or corequisites besides the enrolment rules below.
After ECC5650
No unit lists ECC5650 as a prerequisite in the 2027 handbook.
Enrolment rules
You must be enrolled in course 3194 or B6023 to undertake this unit.
If you are enrolled in course B6030 will need written permission from the Course Director to undertake this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
Neoclassical theories of demand, supply, and equilibrium at a level that permits rigorous analysis. Topics include the existence theorem of utility functions, properties of demand and supply functions, dynamic choice for producers and consumers, risk and uncertainty in competitive markets, and the existence and optimality of competitive equilibrium.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | Blended |
Assessment
- Written20%
- Presentation20%
- Quiz / Test60%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
gain a deeper understanding of microeconomic analysis acquired during undergraduate training
- 2
undertake rigorous analysis of microeconomic issues, including the determinants of relative prices and their effects on resource allocation
- 3
learn some more advanced analyses going beyond the traditional model and taking account of some real-world complications
- 4
acquire proficiency in handling optimisation problems and have a basic understanding of general equilibrium analysis.
Workload and teaching
- Applied sessions12 hours
- Workshops33 hours
- Teaching approachResearch activities
- Teaching approachProblem-based learning
- 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 allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Where it fits
ECC5650 is part of 1 area of study in the 2027 handbook.
Contacts
- Chief Examiners
- Dr Filip Premik
Common questions
What are the prerequisites for ECC5650?
ECC5650 has no prerequisites, but enrolment rules apply.
When is ECC5650 offered?
In 2027, ECC5650 runs in Semester 1 at Clayton.
How much work is ECC5650?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC5650 have an exam?
No. ECC5650 has 3 assessment tasks and no exam.
Which majors and minors include ECC5650?
ECC5650 is part of Economics.