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Bachelors

Intermediate Microeconomics Honours

The University of Sydney
Sydney , Australia
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Program Details
Degree
Bachelors
Major
Economics
Area of study
Business and Administration | Social Sciences
Course Language
English
About Program

Program Overview

Program Overview

ECOS2901: Intermediate Microeconomics Honours is the first unit of study in the microeconomics sequence in the Advanced Economics Program. This unit develops theoretical skills in economics that are foundational to all economic modelling. It covers applications and extensions of the theory of consumer choice, firm behaviour, market structure, and complete information game theory. These topics are taught with greater detail than in ECOS2001, with more extensions and applications, and require deeper analytical, critical, and technical understanding.


Unit Details and Rules

Managing Faculty or University School

The managing faculty or university school for this unit is Arts and Social Sciences.


Details

  • Study level: Undergraduate
  • Academic unit: Economics
  • Credit points: 6

Enrolment Rules

  • Prerequisites: Minimum of 70% in (ECON1001 or BUSS1040 or ECON1040)
  • Corequisites: None
  • Prohibitions: ECOS2001 or ECON2001 or ECON2901
  • Assumed knowledge: ECOS2903 or MATH2070 or MATH2970

Learning Outcomes

At the completion of this unit, students should be able to:


  • Demonstrate knowledge of the main microeconomic models describing consumer choice and firm behaviour
  • Identify the likely outcome arising from the interaction of firms and consumers
  • Demonstrate understanding of microeconomic concepts through analytical models to describe real-world economic situations
  • Identify the limitations of various models, distinguish between competing explanations of market behaviour, and critically evaluate competing theories
  • Communicate effectively the results of economic analysis and participate in public policy discussions arising in business and government environments.

Unit Availability

This unit is available in various sessions and locations. The unit outline, which includes assessment details and a schedule of weekly activities, is published two weeks before the first day of teaching. Previous outlines can be viewed for a guide to the details of the unit.


Additional Advice

Students are strongly advised to undertake one of ECON1903 or ECOS2903 or MATH2070 or MATH2970 either concurrently with or prior to ECOS2901.


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