Introductory Microeconomics

Description

This subject is an introduction to microeconomic theory and policy. Topics include the theory of perfectly competitive markets, welfare analysis and the role of government in the economy, theory of the firm (production and costs), game theory, and effects of market structure on resource allocation. Teaching Period: 5 January 2026 to 15 February 2026 Assessment Information: Semester 1 Description Timing Percentage Mid-semester test 1000 words From Week 4 to Week 7 25% Individual written assignment 1000 words From Week 7 to Week 10 15% Tutorial attendance and participation Throughout the teaching period 10% End-of-semester examination 2 hours Hurdle requirement: Successful completion of this subject requires a pass (50%) in the final exam During the examination period 50% Semester 2 Description Timing Percentage Mid-semester test 1000 words From Week 4 to Week 7 25% Individual written assignment 1000 words From Week 7 to Week 10 15% Tutorial attendance and participation Throughout the teaching period 10% End-of-semester examination 2 hours Hurdle requirement: Successful completion of this subject requires a pass (50%) in the final exam During the examination period 50% Summer Term Description Timing Percentage Individual written assignment 1000 words From Week 4 to Week 5 15% Mid-semester test 40 minutes From Week 3 to Week 4 25% In-class participation Throughout the semester 10% Final Examination 2 hours Hurdle requirement: Successful completion of this subject requires a pass (50%) in the final exam End of semester examination period 50%