Intermediate Microeconomics

Queensland University of Technology

Course Description

  • Course Name

    Intermediate Microeconomics

  • Host University

    Queensland University of Technology

  • Location

    Brisbane, Australia

  • Area of Study

    Economics

  • Language Level

    Taught In English

  • Prerequisites

    EFB223 or EFB102

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

    12
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    Synopsis:
    This unit is concerned with the economic analysis of the decisions and actions of consumers, firms, and governments in modern economies. It focuses on the interplay between government, private firms, and consumers and on developing the student's ability to apply microeconomic concepts to a range of economic issues and problems. The theoretical and empirical content of this unit provides the basis for understanding the decisions and actions of consumers, firms and governments in modern economies with a focus on applying theories to real world problems.
    Learning Outcomes
    Upon completion of this unit, you should be able to:
    1. Analyse the response of consumers to changes in price, income, and other important variables;
    2. Demonstrate and apply knowledge of the economic relationships between production and costs to analyse and evaluate the price and output decisions of firms in diverse market structures;
    3. Analyse and evaluate the impacts of externalities and public goods on market outcomes and the role of Government in addressing problems of market failures;
    4. Demonstrate self reflection, responsibility and accountability in relation to own learning and in applying economic knowledge and skills.
    Approaches to Teaching and Learning
    This unit makes use of applications where possible, to expound the economic principles involved and to demonstrate the applicability of microeconomics to "real world" issues.
    One two-hour lecture is provided each week. The lecture program involves the presentation of theoretical and empirical material by the lecturer, with some opportunity for questions from students.
    A one-hour tutorial, organised in the format of a workshop is provided each week. The tutorial program depends integrally on student preparation of solutions to set questions, prior to the tutorial. The questions are designed to test basic understanding, critical analysis, and higher-level thinking, as well as applications of microeconomic principles to questions of an empirical or applied nature. The questions used for the tutorial program are also designed to prepare students for the end-of-semester examination.
    Assessment
    Assessment name: Mid semester examination
    Description: Multiple choice questions.
    Length/Duration: 1 hour + ten minutes perusal
    Formative or Summative: Formative and Summative
    Relates to objectives: 1 and 2
    Weight: 20
    Internal or external: Internal
    Group or individual: Individual
    Due date: Week 8
    Assessment name: End of semester examination
    Description: Problem-solving/discussion oriented exercises based on material covered in the unit. Length/Duration: 2 hours + ten minutes perusal
    Formative or Summative: Summative
    Relates to objectives: 1, 2, 3
    Weight: 50
    Internal or external: Internal
    Group or individual: Individual
    Due date: Central exam period
    Assessment name: Problem Solving Task
    Description: Multiple Choice Questions
    Relates to objectives: 1, 2 and 4
    Weight: 30
    Internal or external: Internal
    Group or individual: Individual
    Due date: Week 6

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Some courses may require additional fees.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.