This subject is an introduction to microeconomic theory and policy. Topics include the theory of perfectly competitive markets, welfare analysis and the role of government in the economy, theory of the firm (production and costs), game theory, and effects of market structure on resource allocation. -- Course Website
Prerequisites: A study score of at least 25 in English (any) or equivalent and Mathematical Methods in VCE Units 3 & 4 or equivalent OR Concurrent enrolment in or successful completion of MAST10012 Introduction to Mathematics OR Entry into the Bachelor of Commerce OR E
