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ECON208 is the second of a two course sequence in microeconomics. The focus of ECON 208 is consumer and firm choices resulting in undesirable outcomes and what can be done to improve them. The initial topic examines conditions needed for market outcomes to be efficient. All the other topics look at what happens when these conditions fail to hold. Topics include people and businesses acting strategically, firms exploiting market power, people and businesses imperfectly informed about their transactions or about each other, and externalities and public goods. The final topic on cost-benefit analysis looks at evaluating whether government policies make things better or worse.
1. demonstrate an understanding of how different economic environments influence the choices made by people, and how they affect the resulting outcomes.2. explain when government intervention could potentially improve economic outcomes and why it might do so.3. analyse the effects of policy and other changes on economic outcomes that matter to people.
ECON202 or ECON207
ECON203, ECON230, and ECON231
Philip Gunby
Course Outline
Domestic fee $709.00
International fee $3,063.00
* 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 .