ECF1100: Microeconomics (Solutions) - Monash University

Overview:

This unit provides you with an introduction to microeconomics. You will be given the tools to understand basic economic ideas and to apply their learning to analyse economic applications in everyday life. It begins with an introduction to supply and demand and the basic forces that determine an equilibrium in a market economy. Next, it introduces a framework for learning about consumer behaviour and analysing consumer decisions. We then turn our attention to firms and their decisions about optimal production, and the impact of different market structures on firms’ behaviour. The final section of the unit provides an introduction to some of the more advanced topics that can be analysed using microeconomic theory, including consumer choice, and game theory.

✔ Learning Outcomes:

On successful completion of this unit, you should be able to:

• evaluate the 'economic way of thinking' about a broad range of individual, business and government choices and decisions

• apply economic principles to evaluate economic institutions, economic decisions and performance

• recognise regulatory and political environments and how they impact on business.

UNIT CODE

UNIT NAME

ACF1100

Introduction to financial accounting

ACF2100

Financial accounting

ACF2200

Introduction to management accounting

ACF3100

Advanced financial accounting

BFC3140

Corporate finance 2

BFF1001

Foundations of finance

BFF2140

Corporate finance 1

BFF2401

Commercial banking and finance

BFF3121

Investments and portfolio management

BFF3751

Derivatives 1

BTF1010

Business law

BTF3931

Taxation law

ECC2000

Intermediate microeconomics

ECF1100

Microeconomics

ECF1200

Macroeconomics

ETC1000

Business and economic statistics

ETF1100

Business statistics

ETF2100

Introductory econometrics

ETF3200

Applied econometrics

MGF1010

Introduction to management

MKF1120

Marketing theory and practice

STA1010

Statistical methods for science