ECON10004 Introductory Microeconomics Notes | Assignment Help | Syllabus
University: University Of Melbourne
“This course provides an overview of microeconomic theory and policy. The theory of perfectly competitive markets, welfare analysis, and the role of government in the economy are among the topics covered. Other topics include the theory of the business (production and costs), game theory, and the impact of market structure on resource allocation.
Learning outcomes that are expected
To get a better understanding of how the economy works and to help people, companies, and governments make better decisions in order to solve the fundamental economic issue of satisfying infinite demands with limited resources.
Explain the principles of market demand, supply, and equilibrium, and use the market model to explain how prices, quantities, and happiness are determined.
Explain how changes in demand and supply, as well as changes in government policy, influence market and social welfare results.
Explain how government involvement in the economy may enhance efficiency and social welfare under what conditions and in what ways.
Identify “strategic situations” in economic activity and be able to analyze and forecast their consequences.
Describe and analyze the nature of choices and results in various market structures by identifying the key features of each market structure.
Explain the nature of theory and models in economic analysis, as well as their function and limits.
Continue on to additional economics and commerce courses that need an understanding of basic microeconomics.
Skills that are universal
Written communication; problem solving; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information are all at a high degree of development.
Oral communication, collaborative learning, teamwork, data and other information assessment, and receptiveness to other views are all at a moderate degree of development.
Statistical thinking, computer program usage, and obtaining data and other information from a variety of sources are all examples of progress.”
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