ECON321-24S1 (C) Semester One 2024

Microeconomic Analysis

15 points

Details:
Start Date: Monday, 19 February 2024
End Date: Sunday, 23 June 2024
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 3 March 2024
  • Without academic penalty (including no fee refund): Sunday, 12 May 2024

Description

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.

Prerequisites

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

Recommended Preparation

Timetable 2024

Students must attend one activity from each section.

Lecture A
Activity Day Time Location Weeks
01 Wednesday 14:00 - 15:00 E14 Lecture Theatre
19 Feb - 31 Mar
22 Apr - 2 Jun
Lecture B
Activity Day Time Location Weeks
01 Monday 10:00 - 11:00 John Britten 117 HP Seminar Room
19 Feb - 31 Mar
22 Apr - 2 Jun
Drop in Class A
Activity Day Time Location Weeks
01 Tuesday 11:00 - 12:00 Psychology - Sociology 411
26 Feb - 31 Mar
22 Apr - 2 Jun
02 Tuesday 15:00 - 16:00 Jane Soons 602
26 Feb - 31 Mar
22 Apr - 2 Jun

Examination and Formal Tests

Test A
Activity Day Time Location Weeks
01 Wednesday 19:00 - 21:00 A6 Lecture Theatre
22 Apr - 28 Apr

Course Coordinator

Philip Gunby

Assessment

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

Indicative Fees

Domestic fee $893.00

International fee $4,200.00

* 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

  • ECON321-24S1 (C) Semester One 2024