Intermediate Microeconomics has two main purposes.First, it provides the basic foundations of economics. Starting from a number of fundamental assumptions, this unit develops the neoclassical theory of the optimising behaviour of consumers and firms and the process of interaction of these agents within various market structures. Intermediate Microeconomics provides the essential building blocks for higher-level economics and finance units. Second, Intermediate Microeconomics shows how the economic theory developed can be directly applied to help solve the day-to-day decisions that face managers, financiers and economists such as dealing with risk and time, minimising cost, production, maximising profit through pricing and analysing markets and competition. It achieves this through application of the theory to real-world examples and solving problems of this nature. The microeconomic theory is demonstrated and applied using graphical analysis (plotting functions, identifying slope and intercept) and simple algebra (manipulation of equations, solving sets of equations). Students are expected to have these skills before undertaking the unit. In addition an understanding of simple calculus (differentiation) is useful, but will be taught as part of the unit. It is a compulsory unit for the Bachelor of Economics (BEc) and combined degrees through being a unit in the compulsory Economics Linked Minor. It is a compulsory unit for the Business Economics Major in the Bachelor of Business (BBus).
|Unit name||Intermediate Microeconomics|
|Faculty/School||Tasmanian School of Business & Economics (TSBE)
|Discipline||Economics and Finance|
Dr Paul Blacklow
Dr Paul Blacklow
|Available as student elective?||Yes|
|Location||Study period||Attendance options||Available to|
- International students
- Domestic students
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|Study Period||Start date||Census date||WW date||End date|
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see withdrawal dates explained for more information).
Unit census dates currently displaying for 2015 are indicative and subject to change. Finalised census dates for 2015 will be available from the 1st October 2014.
|Band||CSP Student Contribution||Full Fee Paying (domestic)||Field of Education|
|3||2015: $1,283.00||2015: $1,957.00||091901|
Fees for next year will be published in October. The fees above only apply for the year shown.
Please note: international students should refer to this page to get an indicative course cost.
1 x 2 hour lecture, 1 x 1 hour workshop per week.
Please check the unit outline for details.
|Timetable||View the lecture timetable | View the full unit timetable|
Information about any textbook requirements will be available from mid November.
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.