ECON202 Microeconomics 2

10 cp
Prerequisites ECON102 Microeconomics 1
Teaching Organisation 3 hours per week for 12 weeks or equivalent.

This unit will examine and apply microeconomic theory. It will build on Microeconomics 1 and examine different market structures and their operation, indifference analysis and isoquant - isocost analysis of the firm. Workable competition, microeconomic reform in the Australian economy and externalities and market failure will be investigated.