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ECON101 Introductory Microeconomics

Updated: 24 July 2012
Credit Points 6
Offering
Responsible Campus Teaching Period Mode of Study
Armidale Summer Semester Off Campus
Armidale Trimester 1 Off Campus
Armidale Trimester 1 On Campus
Armidale Trimester 3 Off Campus
Intensive School(s)
Start Finish Attendance Notes
19 April 2012 21 April 2012 Non-Mandatory There is no Intensive School for the Summer Semester.
Supervised Exam There is a UNE Supervised Examination held at the end of the teaching period in which you are enrolled.
Pre-requisites None
Co-requisites None
Restrictions None
Notes None
Combined Units None
Coordinator(s) Stuart Mounter (smounte2@une.edu.au)
Unit Description

An introduction to microeconomics. Topics include demand, supply, output markets, elasticities, output and cost, perfect competition, monopoly, monopolistic competition, oligopoly, input markets, market failure, public choice, externalities and microeconomic reform.
Prescribed Material
Mandatory 		Text(s):

Note: Students are expected to purchase prescribed material. Please note that textbook requirements may vary from one teaching period to the next.

Microeconomics
ISBN: 9781442531772
Hubbard, G., Garnett A., Lewis, P. and O'Brien T., Pearson 2nd ed. 2011
Note: For students commencing in Trimester 3 only.
Text refers to: Trimester 3 , Off Campus
Microeconomics plus Micro Mylab and Web Access Code/eBook
ISBN: 9314994246148
Hubbard, G., Garnett A., Lewis, P. and O'Brien T., Pearson 2nd ed. 2011
Text refers to: Summer Semester and Trimester 1 , On and Off Campus
Disclaimer Unit information may be subject to change prior to commencement of the teaching period.
Assessment
Title Exam Length Weight Mode No. Words
4 Quizzes 20% Off Campus
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-5 GA: 1, 2, 6
4 Tutorial Quizzes 20% On Campus
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-5 GA: 1, 2, 6
Assignment 1 15% On/Off Campus 800
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-5 GA: 1, 2, 6
Assignment 1 30% Summer Only 1500
Assessment Notes
Word length is not applicable owing to the numerical/graphical nature of the questions.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-5 GA: 1, 2, 6
Assignment 2 15% On/Off Campus 800
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-5 GA: 1, 2, 6
Final Examination 2 hrs 50% On/Off Campus
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-5 GA: 1, 2, 6
Final Examination 2 hrs 70% Summer Only
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-5 GA: 1, 2, 6

Learning Outcomes (LO) Upon completion of this unit, students will be able to:
  1. understand the economic way of thinking;
  2. interpret material presented in a graphical and mathematical form;
  3. present material in a graphical and mathematical form using economic terminology in a clear and concise manner;
  4. use these forms and way of thinking to solve economic problems; and
  5. understand and demonstrate the key concepts and principles in economics.

Graduate Attributes (GA)
Attribute Taught Assessed Practised
1 Knowledge of a Discipline
This is taught throughout the semester, assessed and practised. 		True True True
2 Communication Skills
For in-campus students, oral communication skills are assessed and practised during tutorials. In terms of written communication skills, both on- and off-campus students are assessed and practise in the assessments. 		True True
4 Information Literacy
Students are required to access various websites to obtain the most recent economic statistics and news. Online participation is required. 		True True
6 Problem Solving
Problem solving skills are taught through the knowledge of the discipline, assessed and practised. 		True True True
   

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