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Unit of study_
ECON5001: Microeconomic Theory
2024 unit information
This unit presumes no prior exposure to economics and aims to bring a proficiency equivalent to that of students with an intermediate-level microeconomics unit in an Honours degree program. Microeconomics studies how individual consumers and firms make choices and how they interact in a variety of market environments. This unit presents a foundational model of microeconomics that serves as the basis for more advanced topics, such as game theory, mechanism design, and behavioural economics.
Unit details and rules
Managing faculty or University school:
Economics
| Code | ECON5001 |
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| Academic unit | Economics |
| Credit points | 6 |
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Prerequisites:
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None |
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Corequisites:
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None |
| Prohibitions:
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ECON5040 |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. understand economic, political, legal, commercial and business issues and apply fundamental theories and concepts in diverse and unpredictable environments
- LO2. formulate and develop persuasive arguments relevant to major fields of study that can be applied to business problems
- LO3. think critically about underlying theories, concepts, assumptions and arguments in major fields of study
- LO4. apply principles, techniques and technologies to data/information relevant to practice in major fields of study
- LO5. analyse and solve economics problems.
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
Modes of attendance (MoA)
This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.
