ECI1100 Microeconomics
Faculty of Business and Economics
ECI1100 Microeconomics is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics. It isn't offered in 2027. It has no prerequisites and unlocks 4 units, leading on to 5 units in all.
- Credit points
- 6
- Offered in 2027
- Other periods
- Indonesia
- Assessment
- No exam
- 3 tasks
- Workload
- 144 hours
- per semester
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Requisites
Before ECI1100
Prohibitions
You can't enrol if you have passed any of these.
After ECI1100
4 units list ECI1100 as a prerequisite or corequisite.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12. 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.
If you are enrolled in course B2007 you cannot undertake this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit provides you with an introduction to microeconomics. You will be given the tools to understand basic economic ideas and to apply their learning to analyse economic applications in everyday life. It begins with an introduction to supply and demand and the basic forces that determine an equilibrium in a market economy. Next, it introduces a framework for learning about consumer behaviour and analysing consumer decisions. We then turn our attention to firms and their decisions about optimal production, and the impact of different market structures on firms’ behaviour. The final section of the unit provides an introduction to some of the more advanced topics that can be analysed using microeconomic theory, including consumer choice, game theory and behavioural economics.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| Monash Indonesia semester 2 | Indonesia | On campus |
Assessment
- Quiz / Test20%
- Presentation40%
- 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
evaluate the 'economic way of thinking' about a broad range of individual, business and government choices and decisions
- 2
apply economic principles to explain and analyse economic institutions, economic decisions and performance
- 3
recognise regulatory and political environments and how they impact on business.
Workload and teaching
- Workshops24 hours
- Lectures12 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
City campus: J. Gans, S. King, M. Byford and N. G. Mankiw, Principles of Microeconomics, 9th edition, Cengage, 2024.
Contacts
- Chief Examiners
- Triana Hadiprawoto
Common questions
What are the prerequisites for ECI1100?
ECI1100 has no prerequisites, but enrolment rules apply.
What can I take after ECI1100?
ECI1100 is a prerequisite or corequisite for 4 units, including ECC3600, ECI2721, ECI2731 and ECX2831. Those lead on to 5 units in all.
When is ECI1100 offered?
ECI1100 has no offerings listed in the 2027 handbook.
How much work is ECI1100?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECI1100 have an exam?
No. ECI1100 has 3 assessment tasks and no exam.
More details
- Credit points
- 6
- Level
- 1
- Study level
- Undergraduate
- Faculty
- Faculty of Business and Economics
- Type
- Coursework
- EFTSL
- 0.125
- Student contribution
- SCA Band 4
- Study abroad
- Not available
- Handbook years
- 20262027