Industries and Markets (11225.2)
| Available teaching periods | Delivery mode | Location |
|---|---|---|
| View teaching periods | On-campus Online Online self-paced |
Bruce, ÃØÃÜÖ±²¥ |
| EFTSL | Credit points | Faculty |
| 0.125 | 3 | Faculty Of Business, Government & Law |
| Discipline | Study level | HECS Bands |
| ÃØÃÜÖ±²¥ School Of Politics, Economics And Society | Level 2 - Undergraduate Intermediate Unit | Band 4 2021 (Commenced After 1 Jan 2021) Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905) Band 5 2021 (Commenced Before 1 Jan 2021) |
Learning outcomes
After successful completion of this unit, students will be able to:1. Explain the assumptions underlying the model of consumer behaviour and analyse how consumers make optimal choices given their budget constraints;
2. Distinguish between different production functions and evaluate the optimal combination of inputs for firms given the technology of production and input cost;
3. Apply the concept of profit maximisation to a variety of market structure models;
4. Evaluate the strategic decision-making of different economic agents through oligopoly market models; and
5. Apply and evaluate microeconomic models to solve real-world problems.
Graduate attributes
1. UC graduates are professional - communicate effectively1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - take pride in their professional and personal integrity
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
3. UC graduates are lifelong learners - be self-aware
Prerequisites
11175 Introduction to Economics.Corequisites
None.Incompatible units
None.Equivalent units
6382 Intermediate Microeconomics and 9538 Intermediate Microeconomics.Assumed knowledge
Students are expected to be familiar with microeconomic concepts covered in the pre-requisite Introduction to Economics. Students would also require some basic mathematical skills in this unit such as taking the first derivative of a function and simplifying algebra.| Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
|---|---|---|---|---|---|
| 2024 | Bruce, ÃØÃÜÖ±²¥ | Semester 2 | 29 July 2024 | On-campus | Dr Raymond Li |
| 2024 | Bruce, ÃØÃÜÖ±²¥ | Semester 2 | 29 July 2024 | Online | Dr Raymond Li |
| 2025 | Bruce, ÃØÃÜÖ±²¥ | Semester 2 | 28 July 2025 | On-campus | Dr Raymond Li |
| 2025 | Bruce, ÃØÃÜÖ±²¥ | Semester 2 | 28 July 2025 | Online self-paced | Dr Raymond Li |
Required texts
In this unit, the textbook is an essential supplement to the lectures. The lectures aim at exposing students to the breadth and depth of the concepts and theories, while the textbook readings will take you into deeper discussions of those theories as well as the mathematical details. The main textbook chosen for this unit is:
Microeconomics, Australian Edition, by Jeffrey Perloff, Rhonda Smith and David Round
Below is a list of other useful (and widely adopted) references. You are strongly recommended to consult more than one text on each topic so you can see how different economists approach the same topic from different angles.
Intermediate Microeconomics, 8th Edition, by Hal. R. Varian
Microeconomics, Global Edition, 9th Edition, by Robert Pindyck and Daniel Rubinfeld
Microeconomics and Behaviour, 9th Edition, by Robert Frank
Submission of assessment items
Extensions & Late submissions
Ouriginal will be used to check for plagiarism for all assignments. Your assessments must be written in your words and citations used when referencing material from published sources. One Ouriginal preview will be available for students to check their assessment prior to submission. Students will only receive an Ouriginal report for one draft submission of their work and again once their assessment have been formally submitted. Do not submit drafts to other Canvas sites, as this will be considered a form of self-plagiarism. Do not submit any material that has been formally submitted to other units. This is a form of academic misconduct.
Use of AI is not permitted in this unit
The University's position is that artificial intelligence services must not be used for assessment or assessment preparation by students unless explicitly allowed in the assessment instructions for an assessment task published with the assessment task and/or in the unit outline. That is, an AI service may only be used if:
a) its use is authorised by the unit convener as part of the specified task; and
b) it is used in the way allowed in the assessment instructions and/or unit outline; and
c) its use is appropriately referenced, meaning that the students must reference the use of AI in their assessment in the same way as they reference other source material.
The use of AI has not been specified in the assessment instructions for the unit or in the unit outline and thus, AI is not a permissible resource.
Students must apply academic integrity in their learning and research activities at UC. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.
Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.
UC students have to complete the annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).
UC uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.
Information is provided in the Academic Integrity Policy, Academic Integrity Procedure, and University of ÃØÃÜÖ±²¥ (Student Conduct) Rules 2023. For further advice, visit Study Skills.
Participation requirements
Please be advised that this unit is a difficult unit with lots of mathematical application of economic concepts. Non-attendance of lectures and tutorials likely will result in students struggling with the material.
Required IT skills
Proficiency with word-processing softwares, particularly on dealing with graphing tools and mathematical functions / expressions.
Work placement, internships or practicums
None
