ECF5410 Applied microeconomics
Faculty of Business and Economics
ECF5410 Applied microeconomics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 1 at Caulfield. It needs ECF5927 or ECC5900.
- Credit points
- 6
- Offered in 2027
- Semester 1
- Caulfield
- Assessment
- No exam
- 4 tasks
- Workload
- 144 hours
- per semester
Reviews
No reviews yetNo reviews yet. Be the first to review ECF5410.
Requisites
Before ECF5410
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ECF5410
No unit lists ECF5410 as a prerequisite in the 2027 handbook.
Overview
This unit applies microeconomic principles and empirical methods to explain and predict human behaviours and decisions. The emphasis is on the application of microeconomic theories to explain decisions by individuals and firms as well the applications of empirical methods to test the accuracy and relevance of various theoretical predictions. Some of the topics that will be discussed include the scientific nature of economics, individual decision-making processes on private and public goods and microeconomics of social and political issues.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On ev |
Assessment
- Quiz / Test10%
- Presentation30%
- Exercise20%
- Written40%
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
upgrade the analytical and quantitative skills for microeconomics above the intermediate level
- 2
identify and describe the way in which economists apply economic theories and concepts to analyse various behaviours and issues
- 3
apply empirical methods to test the accuracy and relevance of various economic models
- 4
gain hands-on experience in the application of microeconomic principles to the analysis of a range of economic issues
- 5
demonstrate the ability to evaluate the contributions and limitations of economic analysis for understanding and informing policy options.
Workload and teaching
- Workshops36 hours
- Teaching approachProblem-based learning
- Teaching approachResearch activities
- 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 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 allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Contacts
- Chief Examiners
- Associate Professor Paul Raschky
Common questions
When is ECF5410 offered?
In 2027, ECF5410 runs in Semester 1 at Caulfield.
How much work is ECF5410?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECF5410 have an exam?
No. ECF5410 has 4 assessment tasks and no exam.