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 2020 in Semester 1 at Caulfield. It needs ECF5927 or ECC5900 and unlocks 2 units.
- Credit points
- 6
- Offered in 2020
- Semester 1
- Caulfield
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2027 entry.
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Requisites
Before ECF5410
Prerequisites
Pass these before you enrol.
After ECF5410
2 units list ECF5410 as a prerequisite or corequisite.
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 2020
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | Evening |
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
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.
Contacts
- Chief Examiners
- Associate Professor Paul Raschky
Common questions
What can I take after ECF5410?
ECF5410 is a prerequisite or corequisite for 2 units, including ECC5475 and ECC5479.
When is ECF5410 offered?
In 2020, 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.