Course Details

Country: Australia
Course Title: Microeconomics
Course Number: ECON 1006
Course Description: The economic decisions faced by individuals, firms and governments and the alternative mechanisms for solving them; the organisation of production in a modern mixed economy and in an international context; analysis of price and output determination in the context of free markets; the impact on resource allocation when the price mechanism is interfered with; The meaning of economic costs and the links between productivity, resource prices and costs; market structures and model; strengths and weaknesses of the market mechanism; strategic behaviour between firms; Australia's changing role in the global market and in international trade.
Language: English
Approved Equivalent: ECON 103
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