Intermediate Microeconomics has two main purposes. First, it provides the basic foundations of economics and the essential building blocks for higher-level economics and finance units. Starting from 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. Secondly, Intermediate Microeconomics shows how the economic theory developed can be directly applied to help solve the decisions that face policy makers, managers, financiers and households, such as dealing with risk and time, minimising cost, production, maximising profit through pricing and analysing markets, competition and welfare. It achieves this through application of the theory to real-world examples and solving problems of this nature.
|Unit name||Intermediate Microeconomics|
|Faculty/School||College of Business & Economics
Tasmanian School of Business and Economics
|Discipline||Economics and Finance|
|Available as student elective?||Yes|
|Location||Study period||Attendance options||Available to|
- International students
- Domestic students
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Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.
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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 2020 are indicative and subject to change. Finalised census dates for 2020 will be available from the 1st October 2020.
- LO1: Analyse decisions of individuals and firms and derive key microeconomic concepts.
- LO2: Analyse markets, describe when markets fail and demonstrate solutions to market failures.
- LO3: Analyse the effects of government policy, social change and world events using economic theory and models.
- LO4: Communicate economics in written format.
|Band||CSP Student Contribution||Full Fee Paying (domestic)||Field of Education|
|3||2020: $1,394.00||2020: $2,354.00||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.
Students enrolling in BEA200 are expected to have the following basic skills in mathematics (from high school):
- Basic Algebra – manipulation of equations, solving equations.
- Linear Functions – plotting functions, identifying slope and intercept.
- Logarithms and Exponentials – index and log laws.
An understanding of simple calculus (simple and partial differentiation) is also useful but will be taught as part of the unit. Students enrolling in BEA200 are also expected to be able to use: MS Excel and MS Word – to perform simple calculations and produce professional reports.
1 x 2 hour lecture, 1 x 1 hour workshop per week. Please check the unit outline for details.
Quizzes (10%), Assignment (40%), Final exam (50%).
|Timetable||View the lecture timetable | View the full unit timetable|
The prescribed textbook, available from the Co-op Bookshop is:
Perloff, Smith and Round, Microeconomics (Australian Edition), Pearson, 2014. ISBN 9781442532830
This is the first ever Australian edition of an intermediate microeconomics text! It contains clear diagrams, solved problems, chapter summaries and applications of microeconomics to real-world Australian and international events, issues and policies.
Students may also wish to purchase a e-book access for the prescribed text directly from Pearson’s Australian website.
eText only: http://www.pearson.com.au/9781442548695
This is the first ever Australian edition of an intermediate microeconomics text! It contains clear diagrams, solved problems, chapter summaries and applications of microeconomics to real-world Australian and international events, issues and policies
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.