Intermediate Microeconomics

Subject ECON20002 (2013)

Note: This is an archived Handbook entry from 2013.

Credit Points: 12.50
Level: 2 (Undergraduate)
Dates & Locations:

This subject is not offered in 2013.

Time Commitment: Contact Hours: Semester 1: Two 1-hour lectures and a 1-hour tutorial per week; Summer Semester: Two 2-hour lectures and two 1-hour tutorials per week for six weeks
Total Time Commitment: Not available

The following:

Study Period Commencement:
Credit Points:
Semester 1, Semester 2

And one of the following:

Entry into Bachelor of Commerce


A study score of at least 25 in Mathematical Methods Units 3 & 4, or equivalent.

Study Period Commencement:
Credit Points:


Recommended Background Knowledge:

Please refer to Prerequisites and Corequisites.

Non Allowed Subjects:


Core Participation Requirements:

For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website:



Semester 1:

Subject Overview:

This subject examines the development of the microeconomic theory of the behaviour of economic agents and how the behaviour of economic agents and government influence the efficiency of the economy. Topics include perfect competition, general equilibrium, market power, intertemporal decision making, decision making under uncertainty and imperfect information.


Information not available.

  • A 2-hour end-of-semester examination (60%);
  • Three (3) on-line multiple choice tests. Each on-line test will consist of 10 questions to be answered in 30 minutes. The first test will cover the first third of the subject material, the second test will cover the second third of the subject material, and the third test will cover the final third of the subject material. The results from the best two (2) of these three (3) on-line tests will count towards the final grade (20%);
  • An assignment of 1000 words due three quarters of the way during the teaching period (10%);
  • Tutorial attendance and participation (10%).
  • Successful completion of this subject requires a minimum pass (50%) in the end-of-semester exam.

Prescribed Texts:

You will be advised of prescribed texts by your lecturer.

Breadth Options:

This subject potentially can be taken as a breadth subject component for the following courses:

You should visit learn more about breadth subjects and read the breadth requirements for your degree, and should discuss your choice with your student adviser, before deciding on your subjects.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:
  • High level of development: oral communication; written communication; collaborative learning; problem solving; team work; application of theory to practice; interpretation and analysis; critical thinking.

  • Moderate level of development: synthesis of data and other information; evaluation of data and other information; receptiveness to alternative ideas.

  • Some level of development: statistical reasoning.

Related Course(s): Graduate Diploma in Economics
Related Majors/Minors/Specialisations: Economics
Economics Major
Related Breadth Track(s): Contemporary Public Economic Policy

Download PDF version.