This unit focuses on advanced microeconomics with more formal and rigorous treatment. This unit focuses on the application of advanced microeconomics across a range of economics. The focus is on understanding core economic theory derived from the underlying utility maximising behaviour of individuals and profit maximisation behaviour of firms and the translation of the resulting theory into propositions useful in understanding a range of market and policy situations. Areas include index number theory and the measurement of prices and welfare, consumer choice and properties of estimated demand functions, characteristics theory of consumer choice and the valuation of goods including... -- Course Website
Prerequisites: ECON2233 Microeconomics: Policy and Applications; for pre-2012 courses: ECON3364 Microeconomic Theory or ECON7491 Microeconomic Theory and Applications
