ECON207-23S2 (C) Semester Two 2023

Intermediate Microeconomics - Households and Government

15 points

Start Date: Monday, 17 July 2023
End Date: Sunday, 12 November 2023
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 30 July 2023
  • Without academic penalty (including no fee refund): Sunday, 1 October 2023


ECON 207 is one of two intermediate microeconomics courses which build on the concepts learned in ECON 104. Concepts will be taught with a graphical and/or simple algebraic approach. Most of the first term is spent using the consumer behaviour model to explain optimal consumer decision making with different types of goods. Consumer decision making under risk and uncertainty is also examined. Term two is spent examining what happens when people and businesses are imperfectly informed about their transactions, or about each other. Externalities and public goods are also investigated.

Learning Outcomes

  • On completion of ECON207, students will be able to:
  • Use consumer theory to identify best affordable bundles for consumers in different situations graphically and algebraically.
  • Use the consumer behaviour model to evaluate government policy.
  • Understand risk and uncertainty as it applies to the insurance market.
  • Explain the different reasons for market failure.
  • Apply various economic theories to practical ‘real-life’ examples.


Course Coordinator

Steve Agnew


Assessment Due Date Percentage 
Final exam 53%
Problem Sets 10%
Online content quizzes 10%
Online reading quizzes 2%
Term test 25%

Textbooks / Resources

Recommended Reading

David Besanko and R Braeutigam; Microeconomics ; Fifth; Wiley.

Indicative Fees

Domestic fee $868.00

International fee $4,075.00

* 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 .

All ECON207 Occurrences

  • ECON207-23S2 (C) Semester Two 2023