ECON20002 Intermediate Microeconomics Notes | Assignment Help | Syllabus
University: University Of Melbourne
“This topic looks at the evolution of microeconomic theory of economic agent behavior, as well as how economic agent and government behavior affects the economy’s efficiency. Perfect competition, general equilibrium, market power, intertemporal decision making, decision making under uncertainty, and imperfect information are some of the topics covered.
Learning outcomes that are expected
Students should be able to do the following after completing this subject:
Explain the customer and firm’s fundamental microeconomic ideas.
Determine the applicability and limits of these ideas;
Apply microeconomic theories to economic issues encountered by businesses, governments, and other decision-makers under various market structure assumptions and information availability assumptions;
Critically assess the role of markets and governments in resolving society’s economic issues;
Apply economic techniques to the study and resolution of specific business decision issues; and
In the context of chosen public policy problems, synthesize theory and practice.
Skills that are universal
Oral and written communication; collaborative learning; problem solving; teamwork; application of theory to practice; interpretation and analysis; critical thinking are all at a high degree of development.
Moderate degree of development: data and information synthesis; data and information assessment; receptiveness to different views.
Statistical thinking is a stage of development.”
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