*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).
Intermediate Microeconomics has two main purposes. Firstly, it is a foundation unit in the study of economics and finance and so provides the essential building blocks for the study of higher-level economics and finance units. Starting from a number of fundamental assumptions, this unit develops the neoclassical theory of the optimising behaviour of consumers, investors and firms and the process of interaction of these agents within various market structures. Secondly, Intermediate Microeconomics shows how the microeconomic 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 thereby 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 degree and for combined economics degrees. It is also compulsory for the Finance and Business Economics majors within the Bachelor of Business degree.
WEIGHT:
12.5%
ASSESSMENT: Internal assessment 50%; Final exam 50%.
TEACHING PATTERN: 1 x 2 hour lecture, 1 x 1 hour workshop per week.
FLEXIBLE & ONLINE STUDY OPTIONS Note: Class attendance may still be required
Web dependent -
H
Some parts of this unit will be taught online
Resource supported teaching & learning -
H
Additional resources are provided for your optional use; e.g. audio taped lectures
Video conferencing -
H
A live video link between campuses is used for at least some teaching in this unit
Flexible scheduling -
H
Some classes will be held outside normal teaching hours; e.g. weekend blocks, summer schools etc
About Flexible Study Options
INTERNATIONALISATION This unit includes specific international contexts/case studies.
This unit includes international cross-cultural issues/skills.
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.
Campus - H Hobart, L Launceston, W Burnie. Study Centre - V Sydney, R Rozelle, P Beauty Point. Distance units may also have a campus identifier of I Isolated, N Interstate, O Overseas. Units delivered in Transnational Education (TNE) Programs have a campus identifier of A Hangzhou, F Fuzhou, G Shanghai, K KDU Malaysia, Q Kuwait or Y Hong Kong.
Special approval is required for enrolment into TNE Program units - campuses A, F, G, K, Q and Y click here for more information.
Web dependent -
H
