Microeconomic Analysis

Unit code: BEO2264 | Study level: Undergraduate
Credit points
12
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
City Campus
Footscray Park
Online Real Time
Prerequisites
BEO1105 - Economic Principles
(Or equivalent to be determined by unit coordinator)
Overview
Enquire

Overview

The aim of this unit is to provide an economic analysis of consumer behaviour, producer behaviour and markets. Key concepts, theories and methods of modern economic analysis will be consolidated and applied to everyday economic issues and problems. Topics include: consumer theory; demand analysis; production and cost; perfect competition; microeconomic policies; monopoly; and oligopoly. Students will engage in a range of learning activities involving practical problem solving sessions, case study analysis, online learning activities, peer discussion and review, and self-reflection. Student learning will be guided and assessed by means of a test, a major industry/market study and a final examination.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Critically reflect on behaviour, choices and decision of consumers with reference to a broad range of concepts, theories and methods of modern economic analysis;
  2. Conceptualise how producers make business decisions based on cost and revenue;
  3. Explain how resources are allocated in a market economy under various markets structures;
  4. Critically evaluate how government policies affect consumers, producers and markets;
  5. Exercise critical thinking and judgement in identifying and solving economic problems with intellectual independence; and
  6. Research collaboratively and communicate economic knowledge in a clear and coherent manner in the form of a professional market/industry report.

Assessment

For Melbourne campuses

Assessment type: Test
|
Grade: 20%
Online quiz
Assessment type: Report
|
Grade: 30%
Group report
Assessment type: Test
|
Grade: 50%
In-class Test

Other locations

For students studying at Central University of Finance and Economics, Henan University, Liaoning University
Assessment type: Test
|
Grade: 20%
In-class Test
Assessment type: Report
|
Grade: 30%
Group report
Assessment type: Examination
|
Grade: 50%
Final Examination

Required reading

Microeconomics
Pindyck, RS & Rubinfeld, DL (2017). | Boston, USA: Pearson.

As part of a course

This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.

Search for units, majors & minors