ECC2000 · Monash University
Intermediate microeconomics
- Credit points
- 6
- Level
- 2
- Workload
- ≈ 12 h / week
- Faculty
- Business and Economics
What it covers
This unit develops understanding of individual decision making in consumption and production. It introduces theory of consumer choice, including applications to income-leisure choice. In the theory of production, it develops the concept of allocative efficiency and implications for input pricing. Various market structures are analysed: competition, monopoly, monopolistic competition and oligopoly. The unit discusses market failures and relevant microeconomic policies.
Assessment
| Task | Type | Weight |
|---|---|---|
| 3 - Quiz / Test | Quiz / Test | 30% |
| 1 - Exercise | Exercise | 20% |
| 2 - Presentation | Presentation | 20% |
| 4 - Examination | Examination | 30% |
When and where
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Clayton | On-campus |
| First semester | Clayton | On-campus |