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Unit of study_
ECON6001: Microeconomic Analysis 1
2024 unit information
This is an introduction to modern microeconomic theory and has three purposes: (i) to introduce students to the major ideas of modern microeconomics and to develop their understanding of these ideas; (ii) to develop students' facility with analytic economic models; and (iii) to develop students' ability to solve economic problems with the ideas, techniques, and models available to professional economists. Topics covered include (i) individual decision-making by economic agents; (ii) the determination of prices and resource allocation in competitive general equilibrium models; (iii) analysis of strategic environments; and (iv) contracting with imperfect information.
Unit details and rules
Managing faculty or University school:
Economics
| Code | ECON6001 |
|---|---|
| Academic unit | Economics |
| Credit points | 6 |
|
Prerequisites:
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ECON5001 or ECON5040 |
|---|---|
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Corequisites:
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None |
| Prohibitions:
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ECON6701 |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. demonstrate a sound understanding of the structure of major microeconomic models of the decision problems facing individual consumers and firms, and the formal techniques commonly applied to solve them
- LO2. demonstrate both a formal and intuitive understanding of the results generated by these models, how they relate to underlying assumptions, and how they may change as a result of varying those assumptions
- LO3. demonstrate a knowledge of the criteria that may be used to evaluate the welfare properties of market allocations, and the conditions under which such allocations may be expected to be efficient
- LO4. possess a solid foundation for the subsequent application of microeconomic analysis to problems in specialist and applied fields of economics, including in independent research.
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.
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
|
Semester 1 2024
|
Normal day | Camperdown/Darlington, Sydney | |
|
Semester 2 2024
|
Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
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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.
