ECON321-23S1 (C) Semester One 2023

Microeconomic Analysis

15 points

Start Date: Monday, 20 February 2023
End Date: Sunday, 25 June 2023
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 5 March 2023
  • Without academic penalty (including no fee refund): Sunday, 14 May 2023


This course follows on from the Intermediate Microeconomics sequence taught at stage 2. The primary focus is on applying fundamental mathematical tools and techniques for modelling standard microeconomics problems involving consumers, producers and markets. Techniques in both algebra and calculus will be used. The main objective is to show students how a selection of standard microeconomics problems can be modelled in terms of constrained optimisation, solving those problems, and above all, analysing the solutions.

This course extends the material from ECON207 and ECON208 by looking at a series of “general equilibrium” settings. The main model employed throughout is the Edgeworth box, which was already seen in ECON207. Topics covered include equilibrium under pure exchange with bargaining, perfect competition pricing, monopoly pricing, equilibrium with production, the Edgeworth box under risk, and equilibrium under asymmetric information.

Learning Outcomes

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attributes specified below:

Critically competent in a core academic discipline of their award

Students know and can critically evaluate and, where applicable, apply this knowledge to topics/issues within their majoring subject.

Employable, innovative and enterprising

Students will develop key skills and attributes sought by employers that can be used in a range of applications.


(1) ECON207; and (2) MATH102 or MATH199; and (3) 15 points from STAT RP: ECON208

Recommended Preparation

Course Coordinator

Philip Gunby


Assessment Due Date Percentage  Description
Assignments 20% Four assignments
Final Exam 50%
Term test 30%

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 ECON321 Occurrences

  • ECON321-23S1 (C) Semester One 2023