Introductory Microeconomics

Page 1 of 15

Introductory Microeconomics

By | September 2012
Page 1 of 15
ECON1001
Introductory Microeconomics
Semester 1, 2010

Unit of Study Outline
Coordinator: Jordi McKenzie
Phone: 02 9036 7816 Email: jordi.mckenzie@sydney.edu.au
Office: Merewether building, Level 3, Room 338
Lecturer: Atta Adu-Osae
Phone: 02 9036 6020, Email: atta.adu-osae@sydney.edu.au
Office: Merewether building, Level 3, Room 357
Consultation Times: Tuesday 12:00-1:00pm and 4:00-5:00pm
Class times:
Stream 1: Tuesdays 10:00am-12:00pm
Stream 4: Tuesdays 2:00am-4:00pm

Venue: Merewether Lecture Theatre 1
Venue: Carslaw Lecture Theatre 157

1. Unit of study information
1.1. Faculty Handbook description
Introductory Microeconomics addresses the econ omic decisions of individual firms and households and how these interact in markets. It is a compulsory core unit for the Bachelor of Economics (BEc) and for the Bachelor of Commerce (BCom). Economic issues are pervasive in contemporary Australian society. Introductory Microeconomics introduces students to the language and analytical framework adopted in Economics for the examination of social phenomena and public policy issues. Whatever one‘s career intentions, coming to grips with economic ideas is essent ial for understanding society, business and government. Students are given a comprehensive introduction to these ideas and are prepared for the advanced study of microeconomics in subsequent years.

1.2. Aims and context
The key purpose of Introductory Microeconomics is to provide students with an understanding of how we as individuals, and as a society, decide to use our resources. Prior knowledge of microeconomics is not a prerequisite for this unit of study. However, students are expected to be familiar with basic algebra and graphical analysis.

2. Learning outcomes, learning and teaching activities & assessment 2.1 Intended learning outcomes
1) Students should be able to apply economic concepts to examine real world problems from both an individual‘s and policymaker‘s perspective
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