MACQUARIE UNIVERSITY

ECON2003: Microeconomic Analysis and Applications

* Final Examination Guide and Notes 2024

- 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

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ECON2003: Microeconomic Analysis & Applications (Solutions) - MQ

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ACADEMIC YEAR 2023 - 2024

University	Macquarie University
Study Level	Undergraduate
Unit Code	ECON2003
Unit Name	Microeconomic Analysis and Applications
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	30

* This comprehensive study material will help you understand how the ECON2003: Microeconomic Analysis and Applications Final Examination 2024 - at Macquarie University will be assessed, structured, and the likely style and range of questions. This guide has been thoroughly revised to incorporate the most recent updates from the latest edition of the exam. You don't need to be an expert in the unit; having a basic understanding and being able to quickly recall acquired knowledge is sufficient. Use this guide as a reference tool to deepen your comprehension of key topics, and enhance your performance during the end-of-semester final exam.

- This unit, Microeconomic Analysis and Applications (ECON2003) provides a deep analysis of the behaviour of consumers and businesses, building on supply and demand concepts learned in ECON1020. The unit includes a deeper dive into consumer behaviour and demand, before turning to business behaviour and supply, including rigorous analysis of optimal business pricing and production strategies depending on the competitive environment that the business faces. The concepts of business ethics and sustainability are also covered. The unit includes numerous empirical examples to bridge the gaps between theory and practice, and to allow students to use microeconomics in a practical way.

✔ (Summary) Main topics:

Introduction; Supply and Demand Revision
Consumer Behviour
Individual and Market Demand
Producer Behaviour; Costs
Perfect Competition; Monopoly
Pricing strategies for firms with market power
Imperfect Competition
Game Theory
Factor Markets
General Equilibrium
Asymmetric Information
Public Economics and Externalities

UNIT CODE	UNIT NAME
ACCG1000	Accounting in Society
ACCG1001	Accounting and Governance
ACCG2000	Management Accounting
ACCG2024	Financial Accounting and Reporting
ACCG2051	Business and Corporations Law
ACCG3008	Corporate Accounting and Business Advisory
ACCG3020	Taxation Law and Practice
ACST1001	Finance Fundamentals
ACST2001	Financial Modelling
AFIN2050	Investments
AFIN3029	Derivative Instruments
AFIN3052	Applied Portfolio Management
AFIN3053	Advanced Corporate Finance
ECON1020	Economics and Business Strategy
ECON2003	Microeconomic Analysis and Applications
ECON2004	Macroeconomic Analysis and Applications
ECON2032	Econometric Principles
ECON2041	Introductory Econometrics
ECON3033	Econometric Methods
ECON3061	Economic and Business Forecasting
MGMT1002	Managing for Impact
MKTG1001	Marketing and Value Creation
STAT1103	Introduction to Psychological Design and Statistics
STAT1250	Business Statistics and Insights
STAT1371	Statistical Data Analysis

ECON2003: Microeconomic Analysis & Applications (Solutions) - MQ

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