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ECON203 is the second of two courses of a coordinated sequence of courses that introduces students to the three pillars of economic analysis (choice, scarcity, and coordination) and the mathematical techniques that economists use to represent these ideas (optimisation, equilibrium, and adding-up constraints). The sequence is largely devoted to "price theory", which is the analysis of the role that prices play in facilitating coordination in a market economy. ECON203 looks at the coordination of consumer and firm choices through prices, including situations where such coordination may not result in desirable outcomes. It examines the role that imperfect information and strategic behaviour can play in determining economic outcomes.
ECON202 RP: STAT101
ECON207, ECON208, and ECON230
STAT101
Seamus Hogan
The weighting for the various pieces of assessment will be according to one of the following two schedules, whichever gives the highest grade (except, for the note on "dishonest practice" included in the Course Outline):Schedule 1:Problem Sets 10%Mid-Term Test 30%Essay 10%Final Exam 50%Schedule 2:Problem Sets 10%Mid-Term Test 15%Essay 10%Final Exam 65%
Bergstrom, Theodore C. , Varian, Hal R; Workouts in intermediate microeconomics ; 7th ed; W.W. Norton, 2006.
Varian, Hal R; Intermediate microeconomics : a modern approach ; 7th ed; W.W. Norton & Co, 2006.
Harford, Tim; The undercover economist : exposing why the rich are rich, the poor are poor--and why you can never buy a decent used car! ; Oxford University Press, 2006.
ECON203 uses the same books as ECON202.
Domestic fee $630.00
International fee $2,775.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Department of Economics and Finance .