AUSTRALIAN CATHOLIC UNIVERSITY 
ECON220 - Markets, Policies and Prices: Microeconomics 2
Final Examination Guide and Notes 2023
 
Part A. About This Guide
Part B. Sample Final Examination Paper
Part C. Suggested Solutions to Final Exam Paper
Part D. Final Examination - Hints and Tips
 
The 24/7 Online Support You Deserve
Need to reach out to us with questions or for help? You’ll connect with a private tutor who is extremely passionate about the unit to provide assistance and help ensure that you’re on the right track to graduating.
 
Looking for more study resources?
Find out about all the services at resources available for students at the Australian Catholic University

Australian Catholic Uni - ECON220 Markets, Policies & Prices: Microeconomics 2

$35.00

ACADEMIC YEAR 2022 - 2023

University	Australian Catholic University
Study Level	Undergraduate
Unit Code	ECON220
Unit Name	Markets, Policies and Prices: Microeconomics 2
Notes Title	Final Examination Guide and Notes
Page Length	30

This guide allows students to understand how the ECON220 - Markets, Policies and Prices: Microeconomics 2, Australian Catholic University - Final Examination 2023 will be assessed, structured and the likely style and range of questions that would be asked. This self-study set has been thoroughly updated to cover all the topics covered in the latest edition of the exam. You do not need to be an expert in the course, you just need a basic understanding and be able to quickly recall the information that you learn. You can use these notes as a reference, to understand the topics better and improve your grades in the final examination.

This unit will emphasise rigorous logical reasoning and the application of theory to contemporary issues and will explore the responsibilities of individuals, businesses and government in dealing with market structures, market failures and their impact. Students will examine different market structures and evaluate the effectiveness of microeconomic reform in Australia.

The topics to be covered include:

Introduction; markets, prices, consumer and producer surplus
Consumer theory – how consumers (including Indigenous) make decisions
Different market structures – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly
Producer theory
Markets: information, resources and labour market
Market failure and the Government
Externalities, climate change and the environment
Inequality and the redistribution of income
Income disparities among Aboriginal peoples, and between Aboriginal and non-Aboriginal peoples
Labour market outcomes for Aboriginal and non-Aboriginal peoples
Government policies: Microeconomic Reform

UNIT CODE	UNIT NAME
ACCT100	Introduction to Accounting
ACCT204	Management Accounting
ACCT207	Financial Accounting
ACCT209	Corporate Accounting
BAFN200	Principles of Finance
BAFN204	Portfolio Management: Investing Wisely
BAFN205	Financial Instruments and Markets
BAFN306	Entrepreneurial Finance
BAFN307	Financial Risk Management
BUSN113	Managing People and Organisations
ECON102	Microeconomics 1
ECON103	Macroeconomics 1
ECON200	Economics Policy: Frameworks and Markets
ECON202	Microeconomics 2
ECON304	Applied Econometrics
LEGL101	Business Law: Legal Frameworks for Businesses
LEGL300	Taxation Law
STAT207	Business Data Analysis

Australian Catholic Uni - ECON220 Markets, Policies & Prices: Microeconomics 2

INFORMATION

UNIT DESCRIPTION

RELATED UNITS