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Unit of study_

ECOS2901: Intermediate Microeconomics Honours

ECOS2901 Intermediate Microeconomics Honours is the first unit of study in the microeconomics sequence in the Advanced Economics Program. ECOS2901 develops theoretical skills in economics that are foundational to all economic modelling. It covers applications and extensions of the theory of consumer choice, firm behaviour, market structure and complete information game theory. These topics are taught with greater detail than in ECOS2001, with more extensions and applications, and require deeper analytical, critical and technical understanding.

Code ECOS2901
Academic unit Economics
Credit points 6
(ECON1001 or BUSS1040 or ECON1040) with a minimum credit grade (65%) and ECON1002 with a minimum credit grade (65%)
ECOS2001 or ECON2001 or ECON2901
Assumed knowledge:
ECOS2903 or MATH2070 or MATH2970

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

  • LO1. have 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. have 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. understand the limitations of various models, and be able to critically evaluate competing explanations of economic behaviour
  • LO4. possess a solid foundation for the application of microeconomic theory to problems in the real world, and in subsequent studies in specialist and applied fields of economics.