Courses & Units
Microeconomics XPD014
Introduction
This unit aims to provide students with an understanding of the ‘economic problem’, the need for economic decision making and the framework for the microeconomic analysis. This includes analysing how consumers and producers make decisions, and understanding the operation of markets (goods and services, resources, labour markets and internationally traded commodities) and the function of price signals in the allocation of resources. Students also learn how to describe the behaviour of firms and profit maximisation in different market structures, over different time periods and understand how the market can fail to achieve allocative efficiency and evaluate government intervention to correct for market failure.
Summary
| Unit name | Microeconomics |
|---|---|
| Unit code | XPD014 |
| Credit points | 12.5 |
| College/School | Academic Division DVC - Education |
| Discipline | University Pathways |
| Coordinator | Abby Xiao |
| Available as an elective? | No |
| Delivered By | Third Party(ies): UP Education |
Availability
| Location | Study period | Attendance options | Available to | ||
|---|---|---|---|---|---|
| Hobart | IPC Semester 1 | On-Campus | International | ||
| Hobart | IPC Semester 2 | On-Campus | International | ||
| Hobart | IPC Semester 3 | On-Campus | International | ||
Key
- On-campus
- Off-Campus
- International students
- Domestic students
Note
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Key Dates
| Study Period | Start date | Census date | WW date | End date |
|---|---|---|---|---|
| IPC Semester 3 | 14/10/2024 | 4/11/2024 | 6/12/2024 | 24/1/2025 |
| IPC Semester 1 | 26/2/2024 | 19/3/2024 | 15/4/2024 | 31/5/2024 |
| IPC Semester 2 | 24/6/2024 | 15/7/2024 | 5/8/2024 | 13/9/2024 |
* 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 (refer to How do I withdraw from a unit? for more information).
Unit census dates currently displaying for 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
Learning Outcomes
- Understand the economic problem, the need for economic decision making and the framework for the microeconomic analysis
- Analyse how consumers and producers make decisions, and understand the operation of markets (goods and services, resources, labour markets and internationally traded commodities) and the function of price signals in the allocation of resources
- Describe the behaviour of firms and profit maximisation in different market structures, over different time periods
- Understand how the market fails to achieve allocative efficiency and evaluate government intervention to correct for market failures
Fee Information
| Field of Education | Commencing Student Contribution 1,3 | Grandfathered Student Contribution 1,3 | Approved Pathway Course Student Contribution 2,3 | Domestic Full Fee 4 |
|---|---|---|---|---|
| 091501 | $555.00 | $555.00 | not applicable | $1,906.00 |
1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.
If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
Teaching
| Assessment | Participation (5%)|Class Test (10%)|Class Test (15%)|Group Presentation (20%)|Examination (50%) |
|---|---|
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
Required readings will be listed in the unit outline prior to the start of classes. |
Links | Booktopia textbook finder |
|---|
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.