ECON10004
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This subject is an introduction to microeconomic theory and policy. Topics include the theory of perfectly competitive markets, welfare analysis and the role of government in the economy, theory of the firm (production and costs), game theory, and effects of market structure on resource allocation. On successful completion of the subject, students should be able to: On successful completion of this subject, students should have improved the following generic skills:
Mid-semester test
weeks 4–7
Individual written assignment 1000 words
weeks 7–10
Tutorial participation
End-of-semester exam 2hr
hurdle: must pass 50%
Nahid Khan
no reviews yettook it Sem 2, 2024
practice exams are reasonably representative of the actual difficulty. focus on applying diagrams correctly under time pressure rather than just reciting theory - the exam wants you to actually use the tools
took it Sem 1, 2025
solid intro to micro if you have zero econ background. supply and demand, market structures, welfare economics - nothing too wild. just keep up with weekly content and the subject is very manageable
took it Sem 1, 2025
do not underestimate this just because it's first year. a few students coast thinking intro micro is trivial and get surprised by the mst. tutorials matter for participation marks and help you catch gaps before they compound