Unit Outline

Microeconomics is essential for advancing understanding of human behaviours and evaluating the impact of public policy and business practices. The unit builds upon the materials covered in undergraduate economic units. The goal of the unit is to apply the basic principles of microeconomics to analyse a range of real-world problems and policy issues that involve the behaviour of consumers and firms and market interaction. The unit covers both theoretical and empirical approaches in microeconomics.

Intended Learning Outcomes

As per the Assessment and Results Policy 1.3, your results will reflect your achievement against specified learning outcomes.

On completion of this unit, you will be able to:


1.	Analyse and contrast the economic behaviour of individual consumers and firms in different institutional environments.
2.	Analyse and critically evaluate policies that affect the behaviour of individuals and market outcomes.
3.	Communicate and present economic reasoning, knowledge and ideas.

Requisites


REQUISITE TYPE	REQUISITES
Pre-requisite	BEA200

Alterations as a result of student feedback

To Be Determined

How will I be Assessed?

For more detailed assessment information please see MyLO.

Assessment schedule


ASSESSMENT TASK #	ASSESSMENT TASK NAME	DATE DUE	WEIGHT	LINKS TO INTENDED LEARNING OUTCOMES
Assessment Task 1:	Test 1	Week 6	30 %	LO1, LO2, LO3
Assessment Task 2:	Test 2	Week 11	30 %	LO1, LO2, LO3
Assessment Task 3:	Assignment	Week 13	40 %	LO1, LO2, LO3

Assessment details

Assessment Task 1: Test 1

Task Description:

The test will comprise multi-part questions. The test will be based on the materials from Week 1 and Week 5.

Task Length:

90 minutes

Due Date:

Week 6

Weight:

30 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Construct, describe and manipulate microeconomic models.	LO1
2	Apply the concepts in microeconomics to analyse the behaviour of consumers and firms.	LO1
3	Use the principles of microeconomics to critically evaluate policy issues.	LO2
4	Apply economic reasoning to inform policy debates.	LO2
5	Report on and defend the presented argument in a written form.	LO3

Assessment Task 2: Test 2

Task Description:

The test will comprise multi-part questions. The test will be based on the materials from Week 6 and Week 10

Task Length:

90 minutes

Due Date:

Week 11

Weight:

30 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Construct, describe and manipulate microeconomic models.	LO1
2	Apply the concepts in microeconomics to analyse the behaviour of consumers and firms.	LO1
3	Use the principles of microeconomics to critically evaluate policy issues.	LO2
4	Apply economic reasoning to inform policy debates.	LO2
5	Report on and defend the presented argument in a written form.	LO3

Assessment Task 3: Assignment

Task Description:

This assignment is designed to develop your ability to apply skills of sound economic reasoning to applied economic issues. It will also develop your ability to communicate and present economic arguments and analysis clearly in written form.

Task Length:

TBA

Due Date:

Week 13

Weight:

40 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Construct, describe and manipulate microeconomic models.	LO1
2	Apply the concepts in microeconomics to analyse the behaviour of consumers and firms.	LO1
3	Use the principles of microeconomics to critically evaluate policy issues.	LO2
4	Apply economic reasoning to inform policy debates.	LO2
5	Report on and defend the presented argument in a written form.	LO3

How your final result is determined

To pass this unit, you need to demonstrate your attainment of each of the Intended Learning Outcomes, achieve a final unit grade of 50% or greater, and pass any hurdle tasks.

Submission of assignments

Where practicable, assignments should be submitted to an assignment submission folder in MYLO. You must submit assignments by the due date or receive a penalty (unless an extension of time has been approved by the Unit Coordinator). Students submitting any assignment in hard copy, or because of a practicum finalisation, must attach a student cover sheet and signed declaration for the submission to be accepted for marking.

Requests for extensions

If you are unable to submit an assessment task by the due date, you should apply for an extension.

A request for an extension should first be discussed with your Unit Coordinator or teaching support team where possible. A request for an extension must be submitted by the assessment due date, except where you can provide evidence it was not possible to do so. Typically, an application for an extension will be supported by documentary evidence: however, where it is not possible for you to provide evidence please contact your Unit Coordinator.

The Unit Coordinator must notify you of the outcome of an extension request within 3 working days of receiving the request.

Late penalties

Assignments submitted after the deadline will receive a late penalty of 5% of the original available mark for each calendar day (or part day) that the assignment is late. Late submissions will not be accepted more than 10 calendar days after the due date, or after assignments have been returned to other students on a scheduled date, whichever occurs first. Further information on Late Penalties can be found on the Assessments and Results Procedure.

Review of results and appeals

You are entitled to ask for a review of the marking and grading of your assessment task if there is an irregularity in the marking standards or an error in the process for determining the outcome of an assessment. Details on how to request a review of a mark for an assignment are outlined in the Review and Appeal of Academic Decisions Procedure.

Required Resources

Required reading materials

There is no prescribed text for this unit.