Microeconomics 2

• ECON90045
• Contact Hours: Two 1-hour lectures and one 1-hour workshop per week
  Total Time Commitment: Estimated total time commitment of 120 hours per semester
• 12.50

This subject explains and provides illustrative applications of microeconomic theory of the behaviour of households, firms and government and how the behaviour of the private sector and the public sector influence the efficiency of the economy. Topics include consumer theory, producer theory, perfect competition and general equilibrium, market failures associated with market power, externalities and public goods, and project appraisal methods including the benefit cost model. -- Course Website

Prerequisites: ECON90015 Managerial Economics or equivalent or entry into the Master of Accounting (261%) Subject Study Period Commencement: Credit Points: ECON90015 Managerial Economics Semester 1, Semester 2 12.50