Victoria University of Wellington
Wellington, New Zealand
Area of Study
Taught In English
ECON 130; QUAN 111 (or MATH 141/142, 151)
Course Level Recommendations
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.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
This course in intermediate microeconomic analysis includes demand theory and applications of consumer behaviour, analysis of market structures, strategic behaviour, introductory welfare economics and analysis of public goods and externalities.
Course Learning Objectives
C1 articulate the principles of decision making and resource allocation under scarcity;
C2 apply microeconomic techniques to seemingly separate areas of economics;
C3 explain the principles of consumer choice;
C4 describe the concept of technology and production costs;
C5 analyse the behaviour of perfectly competitive firms;
C6 derive and comment on equilibria in simple game-theoretic models of oligopoly;
C7 identify profit maximising pricing strategies for monopolists adopting a range of approaches such as market separation, two-part pricing and bundling;
C8 explain market failures due to externalities and public goods;
C9 discuss the normative and ethical foundations of economic analyis
Two Assignments 20%
Mid-trimester Test 20%
Two-Hour Final Exam 60%
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.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.