Outline free essay sample

The content of lectures reflect a more analytical and critical treatment of topics than EXCESSES. The topics, which build on the theory of consumer and rim behavior and market structure, include game theory, oligopoly, general equilibrium and welfare, externalities and public goods and the economics of information. Prerequisites (ICONIC 001 or BUSINESS) and ECONOMIC With a credit average or better in the two units of study combined.Assumed knowledge It is assumed that students understand a) how to read and draw graphs, b) how to solve linear equations and systems of equations, and c) the concept of a derivative and how to differentiate simple functions. More generally, relative to EXCESSES , it is expected that students will be more comfortable tit a rigorous approach toward the development of concepts and theories. Learning outcomes Upon successful completion of this unit of study, students should: 1 . Eave a sound understanding of the structure of major microeconomic models of the decision problems facing individual consumers and firms, and the formal techniques commonly appli ed to solve them; 2. We will write a custom essay sample on Outline or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Have both a formal and intuitive understanding of the results generated by these models, how they relate to underlying assumptions, and how they may change as a result of varying those assumptions: 3. Have an understanding of the limitations of various models, and be able to radically evaluate competing explanations of economic behavior; and 4. Assess a solid foundation for the application of microeconomic theory to problems in the real world, and in subsequent studies in specialist and applied fields of economics. Learning structure The class will meet each week for a lecture of two hours duration. Lecture slides will be published on Blackboard, but may not provide a complete account of everything that is discussed in class. Therefore they do not constitute a substitute for attendance at lectures, and you will need to come to class in order to achieve the learning outcomes for this unit. Tutorials will take place each week starting in week 2.These are designed to complement (not be a substitute for) the lectures. Each tutorial will cover material from the previous weeks lecture. A set of tutorial topics and questions will be posted on Blackboard in advance of each tutorial. It is highly recommended that you attempt this work before attending the tutorial. The assessment will consist to one in-class mid-semester test (in week 8), and a final exam. Reading requirements Required text: Samaras Bannered (2015), Intermediate Microeconomics: A Tool-Building Approach (First edition), London: Rutledge.This text is new, and will be used for the first time in 2015. Also, please note that the required text for EXCESSES differs from that in EXCESSES. 2 Lectures will be based reasonably closely upon the text, although some lecture material does not appear in the text. Tutorials will be based in part on end-of chapter questions from the text. The text also contains additional questions that you may wish to practice on. You should either purchase your own copy, or have ready access to a copy, of the text. The University library will have limited copies, which may be borrowed on a short-term basis. Unit schedule DateLecture topics Text chapters 2 March Consumer Theory: Preferences and Utility CSS 2, 3 9 March Consumer Theory: Choice and Demand CSS 4, 5 3 16 March Decision Theory: Choice under Risk Chi 11 4 23 March Decision Theory: Choice over Time n/a 5 30 March Producer Theory: Technology and Cost CSS 7, 8 Break Session break (Week beginning 6 April) 6 13 April Producer Theory: Profit Mastication and Supply CSS 9, 10 7 20 April Equilibrium and Welfare: Exchange Economy Chi 8 27 April 9 4 May Equilibrium and Welfare: Production Eco nomy, Public Goods Chi 16 10 11 May Game Theory: Games in Strategic and Extensive Forms Chi 12 11 8 May Game Theory: Quantity-Setting Oligopoly Chi 13 12 25 May Game Theory: Mixed Strategies and Repeated Games 13 1 June Asymmetric information Chi 15 Mid-semester test Status Status (Week beginning 8 June) Exams Exam period (Commences 15 June) Please note that the indicated chapters are only an approximate guide to what will be covered in class. Not all of the contents of the indicated chapters will be discussed in class. Moreover, some topics may be discussed that do not appear in the text. Please bear in mind that the content of assessment will be guided by the extent and depth to which topics are covered in class, ND not by the text. This is just another way of saying that it really is rather important to come to class. Online components The EXCESSES Blackboard site will be the primary channel for communication with students outside class time. This site will also contain links to the lecture slides and tutorial work. It is recommended that all students check the site at least twice a week during semester ; once immediately prior to each weeks lecture, and again a couple of days after the lecture.It is your responsibility to ensure that you are up to date with the information communicated through the Announcements page on Blackboard. This unit requires regular use of the University Learning Management System (I-MS), known as Blackboard Learn. You will need reliable access to a computer and Internet to use the ALMS. 3 The easiest way to access the ALMS is through Mini (click the My in link on the University home page, http://Sydney. Du. AU/ or link directly to it at HTTPS:/ /mini. Sydney. Du. AU/). There is a Blackboard L MS icon in the Chuckling window on the left of the screen. If you have any difficulties logging in or using the system, visit the Student Help area of the ALMS site, http:// Sydney. Du. AU/learning/student/help/.Mobile Learn You can also access your ALMS sites via the Sydney nun app for phone and Android. The full set of features available on the mobile app for the University SMS can be found in detail at http://Sydney. Du. AU/learning/docs/student/ mobile/MobileFeatureGuideDevice. PDF. The universitys Privacy Management Plan governs how the University will deal with personal information related to the content and use of its web sites. See http://Sydney. Adieu/ privacy. SHTML for further details. Assessment tasks and due dates Assessment task Weighting Length In class in week 8 75 minutes Final examination University examination period 150 minutes The mid-semester test is closed book, and will take place in class in week 8.The test will cover lecture material up to and including week 6, and tutorial material up to and including week 7. Further details regarding the format of the test will be provided in class and online in week 7. The final exam is closed book, and will take place during the Universitys examination period. The final exam will cover material from the entire semester; however material not examined in the mid-semester test will receive proportionately greater weight. Further details regarding the format f the exam will be provided in class and online in week 13. Assessment criteria This unit uses standards referenced assessment for award of assessment marks. Students assessment will be evaluated solely on the basis of students achievement against criteria and standards specified to align with learning outcomes. For reference to criteria and standards, please consult grade descriptors for the School of Economics at http://Sydney. Du. AU/arts/ economics/student-resources/index. SHTML. Academic dishonesty and plagiarism Academic honesty is a core value of the University. The University requires dents to act honestly, ethically and with integrity in their dealings with the University, its members, members of the public and others. The University is opposed to and will not tolerate academic dishonesty or plagiarism, and will treat allegations of academic dishonesty or plagiarism seriously.The Universitys Academic Dishonesty and Plagiarism policy 201 2 and associated Procedures are available for reference on the university Policy Register at http://Sydney. Du. AU/policies (enter Academic Dishonesty in the search field). The Policy applies to the academic conduct of all students enrolled in a reworks award course at the University. Under the terms and definitions of the Policy: ; academic dishonesty means seeking to obtain or obtaining academic advantage (including in the assessment or publication of work) by dishonest or unfair means or knowingly assisting another student to do so; ; plagiarism means presenting another persons work as ones own work by presenting copying or reproducing it without appropriate acknowledgement Of the source.