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We are aiming for an incremental return to campus in accordance with guidelines provided by NSW Health and the Australian Government. Until this time, learning activities and assessments will be planned and scheduled for online delivery where possible, and unit-specific details about face-to-face teaching will be provided on Canvas as the opportunities for face-to-face learning become clear.

Unit of study_

ECOS2001: Intermediate Microeconomics

The aim of Intermediate Microeconomics is the development of theoretical and applied skills in economics. It covers applications and extensions of the theory of consumer choice, firm behaviour and market structure. Emphasis is given to the economics of information and choice under uncertainty; industry structures other than monopoly and perfect competition; markets for factors of production; general equilibrium and economic efficiency; market failure and the role of government. This unit provides a basis for the more specialised options that comprise third year economics.

Details

Academic unit Economics
Unit code ECOS2001
Unit name Intermediate Microeconomics
Session, year
? 
Semester 2, 2020
Attendance mode Normal day
Location Camperdown/Darlington, Sydney
Credit points 6

Enrolment rules

Prohibitions
? 
ECON2001 or ECON2901 or ECOS2901
Prerequisites
? 
ECON1001 or BUSS1040 or ECON1040
Corequisites
? 
None
Available to study abroad and exchange students

Yes

Teaching staff and contact details

Coordinator Guy Mayraz, guy.mayraz@sydney.edu.au
Type Description Weight Due Length
Final exam (Review+) Type B final exam Final Exam
n/a
55% Formal exam period 2 hours
Outcomes assessed: LO1 LO2 LO3 LO4 LO5
Tutorial quiz Online Quiz 1
n/a
5% Week 04 n/a
Outcomes assessed: LO1 LO2 LO3 LO4 LO5
Tutorial quiz Online Quiz 2
n/a
5% Week 06 n/a
Outcomes assessed: LO1 LO2 LO3 LO4 LO5
In-semester exam (Review+) Type B in-semester exam Mid-semester exam
n/a
25% Week 07
Due date: 13 Oct 2020
50 minutes
Outcomes assessed: LO1 LO5 LO4 LO3 LO2
Tutorial quiz Online Quiz 3
n/a
5% Week 09 n/a
Outcomes assessed: LO1 LO2 LO3 LO4 LO5
Tutorial quiz Online Quiz 4
n/a
5% Week 11 n/a
Outcomes assessed: LO1 LO2 LO3 LO4 LO5
Type B final exam = Type B final exam ?
Type B in-semester exam = Type B in-semester exam ?

Detailed information for each assessment will be provided through Canvas.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a High distinction indicates work of an exceptional standard, a Distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name

Mark range

Description

High distinction

85 - 100

 

Distinction

75 - 84

 

Credit

65 - 74

 

Pass

50 - 64

 

Fail

0 - 49

When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see sydney.edu.au/students/guide-to-grades

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

Special consideration

If you experience short-term circumstances beyond your control, such as illness, injury or misadventure or if you have essential commitments which impact your preparation or performance in an assessment, you may be eligible for special consideration or special arrangements.

Academic integrity

The Current Student website provides information on academic honesty, academic dishonesty, and the resources available to all students.

The University expects students and staff to act ethically and honestly and will treat all allegations of academic dishonesty or plagiarism seriously.

We use similarity detection software to detect potential instances of plagiarism or other forms of academic dishonesty. If such matches indicate evidence of plagiarism or other forms of dishonesty, your teacher is required to report your work for further investigation.

WK Topic Learning activity Learning outcomes
Week 01 Budget Constraint, Preferences, Marginal Rate of Substitution Lecture and tutorial (3 hr)  
Week 02 Utility, Choice, Demand Lecture and tutorial (3 hr)  
Week 03 Comparative Statics, Market Demand Lecture and tutorial (3 hr)  
Week 04 Intertemporal Choice, Uncertainty Lecture and tutorial (3 hr)  
Week 05 Market Equilibrium, Welfare Theorems Lecture and tutorial (3 hr)  
Week 06 Technology, Profit Maximisation, Cost Minimisation Lecture and tutorial (3 hr)  
Week 07 Cost Curves, Firm Supply Lecture and tutorial (3 hr)  
Week 08 Industry Supply Lecture and tutorial (3 hr)  
Week 09 Monopoly Lecture and tutorial (3 hr)  
Week 10 Oligopoly Lecture and tutorial (3 hr)  
Week 11 Game Theory Lecture and tutorial (3 hr)  
Week 12 Asymmetric Information Lecture and tutorial (3 hr)  

Attendance and class requirements

  • Attendance: According to Faculty Board Resolutions, students in the Faculty of Arts and Social Sciences are expected to attend 90% of their classes. If you attend less than 50% of classes, regardless of the reasons, you may be referred to the Examiner’s Board. The Examiner’s Board will decide whether you should pass or fail the unit of study if your attendance falls below this threshold.
  • Lecture recording: Most lectures (in recording-equipped venues) will be recorded and may be made available to students on the LMS. However, you should not rely on lecture recording to substitute your classroom learning experience.
  • Preparation: Students should commit to spend approximately three hours’ preparation time (reading, studying, homework, essays, etc.) for every hour of scheduled instruction.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Prescribed readings

All readings for this unit can be accessed on the Library eReserve link available on Canvas.

  • Required textbook: Hal R. Varian (2014), Intermediate Microeconomics, 9th edition, W.W. Norton & Co. New York.

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University’s graduate qualities and are assessed as part of the curriculum.

At the completion of this unit, you should be able to:

  • LO1. demonstrate familiarity with the main microeconomic models describing consumer choice and firm behaviour
  • LO2. identify the likely outcome arising from the interaction of firms and consumers
  • LO3. understand microeconomic concepts and apply analytical models to describe “real world” economic situations
  • LO4. understand the limitations of various models, distinguish between competing explanations of market behaviour and critically evaluate competing theories
  • LO5. intellectually participate in public policy discussions arising in business and government environments.

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities
GQ1 GQ2 GQ3 GQ4 GQ5 GQ6 GQ7 GQ8 GQ9
No changes have been made since this unit was last offered.

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.