BEA200 has two main purposes. First, it provides the basic foundations of economics and the essential building blocks for higher-level economics 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, firms and households, such as dealing with 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||Public Policy and Welfare|
|College/School||College of Business & Economics
Tasmanian School of Business and Economics
|Coordinator||Doctor Paul Blacklow|
|Available as an elective?||No|
|Delivered By||University of Tasmania|
|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 (refer to How do I withdraw from a unit? for more information).
Unit census dates currently displaying for 2023 are indicative and subject to change. Finalised census dates for 2023 will be available from the 1st October 2022. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
- Use economic concepts and theories to analyse economic decisions.
- Apply economic theory to identify public policy issues and how public policy is influenced by efficiency and equity.
- Individually as well as within teams apply economic models to analyse key public policies.
- Effectively communicate economics in written format.
|Field of Education||Commencing Student Contribution 1||Grandfathered Student Contribution 1||Approved Pathway Course Student Contribution 2||Domestic Full Fee|
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.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
PrerequisitesBEA111|Prior Skills and Knowledge: 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.
|Assessment||Test or quiz (15%)|Examination - invigilated (centrally) (50%)|Assignment (35%)|
|Timetable||View the lecture timetable | View the full unit timetable|
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 e-book access for the prescribed text directly from Pearson’s Australian website.
eText only: http://www.pearson.com.au/9781442548695
Most intermediate microeconomics texts are similar and could be used as an imperfect substitute to the prescribed text. If students wish to use an alternative intermediate microeconomics text, please check with the lecturer that it is suitable. The following is non-exhaustive list of imperfect substitute texts that are suitable and available for loan from the Morris Millar library:
|Links||Booktopia textbook finder|
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.