Microeconomics II

Subject ECON90012 (2016)

Note: This is an archived Handbook entry from 2016.

Credit Points: 12.5
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2016:

Semester 2, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 25-Jul-2016 to 23-Oct-2016
Assessment Period End 18-Nov-2016
Last date to Self-Enrol 05-Aug-2016
Census Date 31-Aug-2016
Last date to Withdraw without fail 23-Sep-2016

Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: Seminars or lectures and tutorials totalling three hours per week
Total Time Commitment:

Estimated total time commitment of 120 hours per semester


ECON90002 Microeconomics

Study Period Commencement:
Credit Points:
Semester 1


Recommended Background Knowledge:


Non Allowed Subjects:


Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability


Assoc Prof Roberto Raimondo


Email: rraim@unimelb.edu.au

Subject Overview:

The subject is an advanced treatment of selected topics in Microeconomics. Topics will be drawn from the following: an introduction to dynamic games of complete and incomplete information, bargaining, general equilibrium theory, welfare analysis, aggregation and the analysis of incomplete markets.

Learning Outcomes:

On successful completion of this subject students will be able to:

  • Formulate and analyse dynamic games of incomplete information;
  • Explain solution concepts by constructing simple examples;
  • Explain the main results derived from general equilibrium theory;
  • Explain the implications of the first and second fundamental theorems of welfare economics;
  • Apply the analysis of bargaining to explain behaviour observed in strategic bargaining situations;
  • Explain the role that aggregation plays in modern microeconomics;
  • Apply the tools of microeconomics to situations of incomplete markets.
  • Assignments totalling 3000 words (30%)
  • 2-hour examination (70%)
Prescribed Texts:

You will be advised of prescribed texts by your lecturer.

Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

On successful completion of this subject, students will have improved the following generic skills:

  • Evaluation of ideas, views and evidence
  • Synthesis of ideas, views and evidence
  • Strategic thinking
  • Critical thinking
  • Application of theory to economic policy and business decision making
  • Accessing economic and other information
  • Summary and interpretation of information
  • Statistical reasoning
  • Problem solving skills
  • Negotiation and bargaining
  • Written communication
Related Course(s): Doctor of Philosophy - Business and Economics
Doctor of Philosophy - Business and Economics
Related Majors/Minors/Specialisations: Master of Economics electives

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