ECON 1004 - Principles of Microeconomics I
General Course Information
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Course Details
| Course Code | ECON 1004 |
| Course | Principles of Microeconomics I |
| Coordinating Unit | School of Economics, Faculty of the Professions |
| Term | Semester 1/2 2013 |
| Mode | Internal |
| Level | Undergraduate |
| Location/s | North Terrace |
| Units | 3 |
| Contact | Up to 3 hours per week |
| Prerequisites | Not applicable |
| Corequisites | Not applicable |
| Incompatible | WINEMKTG 1026EX |
| Assumed Knowledge | Not applicable |
| Restrictions | Not applicable |
| Quota | A quota will apply |
| Course Description | The course provides an introduction to a core area of economics known as microeconomics. It considers the operation of a market economy and the problem of how best to allocate society's scarce resources. The course considers the way in which various decision making units in the economy (individuals and firms) make their consumption and production decisions and how these decisions are coordinated. It considers the laws of supply and demand, and introduces the theory of the firm, and its components, production and cost theories and models of market structure. The various causes of market failure are assessed, and consideration is given to public policies designed to correct this market failure. |
Detailed Course Information
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Course Enrolment Dates and Fees
The enrolment dates, fees and full timetable of all activities for this course can be accessed from the Course Planner.
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