Course Title: Applied Microeconomics

Part A: Course Overview

Course Title: Applied Microeconomics

Credit Points: 12


Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ECON1092

City Campus

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Sem 1 2006,
Sem 1 2007,
Sem 1 2008,
Sem 1 2009,
Sem 1 2010,
Sem 1 2011,
Sem 2 2012,
Sem 1 2013,
Sem 1 2014,
Sem 1 2015

ECON1237

City Campus

Postgraduate

625H Economics, Finance and Marketing

Face-to-Face

Sem 1 2013,
Sem 1 2014,
Sem 1 2015,
Sem 1 2016,
Sem 1 2017

Course Coordinator: Professor Sinclair Davidson

Course Coordinator Phone: +61 3 9925 5869

Course Coordinator Email: sinclair.davidson@rmit.edu.au

Course Coordinator Location: 80.11.62

Course Coordinator Availability: Please check with course coordinator


Pre-requisite Courses and Assumed Knowledge and Capabilities

None.


Course Description

This course examines a series of foundational applied microeconomics topics, centred about classic works in the field, and then extending these to contemporary analysis and debates. The course concentrates around the ‘old Chicago school’ approach (Stigler-Demsetz-Becker et al), but with some modern themes too. The course will concentrate on topics associated with market processes in different applied domains. We will examine the microeconomic logic, and then consider what this implies in practice as well as for policy debates.


Objectives/Learning Outcomes/Capability Development

-


On successful completion of this course you will be able to:

  1. Discuss core micro theoretic concepts;
  2. Apply microeconomic concepts to problems faced by decision makers in business and government;
  3. Critically evaluate microeconomic arguments;
  4. Communicate microeconomic concepts to others in written and oral forms.


Overview of Learning Activities

In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.


Overview of Learning Resources

Various learning resources are available online through myRMIT\Blackboard. In addition to topic notes; assessment details and a study schedule you may also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information.
Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT Library website.
Additional resources and/or sources to assist your learning will be identified by your course coordinator will be made available to you as required during the teaching period.


Overview of Assessment

The assessment alignment list below shows the assessment tasks against the learning outcomes they develop.

Assessment Task 1: 30%
Linked CLOs: 1, 2, 3, 4
Assessment Task 2: 40%
Linked CLOs: 1, 2, 3, 4
Assessment Task 3: 30%
Linked CLOs: 1, 2, 3, 4

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.