ECONS202-20B (HAM)

Microeconomics and Business Economics

15 Points

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Division of Management
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Steven Tucker

Steven Tucker
9299
MSB.2.12
See Moodle
steven.tucker@waikato.ac.nz

Lecturer(s)

Administrator(s)

: denise.martin@waikato.ac.nz
: maria.neal@waikato.ac.nz

Placement/WIL Coordinator(s)

Tutor(s)

Student Representative(s)

Lab Technician(s)

Librarian(s)

: clive.wilkinson@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5, 9 or 3 can also be direct dialled:
    • For extensions starting with 4: dial +64 7 838 extension.
    • For extensions starting with 5: dial +64 7 858 extension.
    • For extensions starting with 9: dial +64 7 837 extension.
    • For extensions starting with 3: dial +64 7 2620 + the last 3 digits of the extension e.g. 3123 = +64 7 262 0123.
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Paper Description

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This paper develops the ability of students to use microeconomic theory to analyse economic problems of relevance to businesses, consumers, and governments. Students learn to apply the tools of formal economic analysis through the development and application of basic economic models. The course is based around the use of basic calculus to gain an in-depth understanding of important relationships within these models. Core topics include utility theory, firm theory, competition theory, and strategic interaction. As an intermediate course in microeconomic analysis, this paper provides an important foundation for other economics courses, both at the 200 and 300 level.
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Paper Structure

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This paper is taught through the delivery of concepts in lectures, and the application of these concepts to practical examples in tutorials. The tutorials are centered around the use of problem sets to help gain a deeper understanding of important ideas and frameworks.

As a response to COVID-19, this paper will provide recorded lectures available for download weekly via Moodle. The tutorials will be available both face-to-face and a recorded session also available for download. Additionally, one zoom tutorial will be available for those students who cannot physically come to campus. Each week, the lecturer and tutor will provide one zoom question and answer session individually (time TBA) which will be thought of as a virtual "office hour". I will also conduct my standard office hour physically within the office.

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Learning Outcomes

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Students who successfully complete the course should be able to:

  • 1. Describe a range of microeconomic models that can be applied to explain and/or inform consumption and business decisions.
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  • 2. Apply microeconomics models using basic calculus to explain and/or inform consumption and business decisions.
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  • 3. Apply microeconomics models using graphical methods to explain and/or inform consumption and business decisions.
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  • 4. Discuss the practical applicability of microeconomic theory.
    Linked to the following assessments:
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Assessment

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The internal assessment/exam ratio is 100:0. There is no final exam.
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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam. The final exam makes up 0% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0 or 0:0, whichever is more favourable for the student. The final exam makes up either 0% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Problem Set #1
14 Aug 2020
5:00 PM
5
  • Online: Submit through Moodle
2. Test 1 (online)
21 Aug 2020
12:00 PM
30
  • Online: Submit through Moodle
3. Problem Set #2
2 Oct 2020
5:00 PM
5
  • Online: Submit through Moodle
4. Test 2 (online)
9 Oct 2020
12:00 PM
30
  • Online: Submit through Moodle
5. Final Test (online)
16 Oct 2020
12:00 PM
30
  • Online: Submit through Moodle
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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Please click here the link to the University of Waikato Reading List

The sole required text for this course is:

Perloff, J.M., Microeconomics: Theory and Applications with Calculus 2018 Pearson.

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Recommended Readings

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There are no recommended readings for this paper.
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Online Support

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All materials will be uploaded to Moodle across the duration of the course.
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Workload

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This is a 15 point paper. Therefore, a student would be expected to spend around 150 hours in total on studying ECONS202 during the semester, given that at the University of Waikato one point equates to approximately 10 hours' total work. This expected workload is based on both contact teaching hours and hours for study and assessment per week.
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Linkages to Other Papers

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Prerequisite(s)

Prerequisite papers: ECON100 or ECONS101

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: ECON202, ECON302, ECONS302

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