ECON207-23S2 (C) Semester Two 2023

Intermediate Microeconomics - Households and Government

15 points

Details:
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

Description

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.

Prerequisites

Timetable 2023

Students must attend one activity from each section.

Lecture A
Activity Day Time Location Weeks
01 Tuesday 12:00 - 13:00 C2 Lecture Theatre 17 Jul - 27 Aug
11 Sep - 22 Oct
Lecture B
Activity Day Time Location Weeks
01 Friday 09:00 - 10:00 E8 Lecture Theatre 17 Jul - 27 Aug
11 Sep - 22 Oct
Lecture C
Activity Day Time Location Weeks
01 Wednesday 13:00 - 14:00 E8 Lecture Theatre 17 Jul - 27 Aug
11 Sep - 22 Oct
Tutorial A
Activity Day Time Location Weeks
01 Monday 13:00 - 14:00 Link 309 Lecture Theatre 31 Jul - 27 Aug
11 Sep - 22 Oct
02 Tuesday 13:00 - 14:00 A9 Lecture Theatre 31 Jul - 27 Aug
11 Sep - 22 Oct
03 Thursday 11:00 - 12:00 Link 309 Lecture Theatre 31 Jul - 27 Aug
11 Sep - 22 Oct
04 Tuesday 14:00 - 15:00 John Britten 117 HP Seminar Room 31 Jul - 27 Aug
11 Sep - 22 Oct
06 Monday 12:00 - 13:00 John Britten 117 HP Seminar Room 31 Jul - 27 Aug
11 Sep - 22 Oct

Examination and Formal Tests

Test A
Activity Day Time Location Weeks
01 Friday 18:00 - 19:30 A1 Lecture Theatre 14 Aug - 20 Aug
02 Friday 18:00 - 19:30 A2 Lecture Theatre 14 Aug - 20 Aug

Course Coordinator

Steve Agnew

Assessment

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