ECONS520-23B (HAM)

Microeconomic Analysis - Theory

15 Points

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The University of Waikato
Academic Divisions
Division of Management
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Lecturer(s)

Administrator(s)

: denise.martin@waikato.ac.nz

Placement/WIL Coordinator(s)

Tutor(s)

Student Representative(s)

Lab Technician(s)

Librarian(s)

: em.pooley@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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What this paper is about

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This course focuses on applications of microeconomic theory, covering consumer theory, price theory, risk and information economics, the theory of the firm, and the theory of markets. Fundamental basic algebra and calculus will be called upon to develop an understanding of the aforementioned topics.

Along the way, we will critically examine some selected papers in applied theory and microeconometrics, asking what inspired them, what role economic theory played in them, how econometric techniques were used to test key hypotheses, and how theoretical and empirical findings were used to inform policy.

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How this paper will be taught

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The weekly two-hour class blocks will be comprised primarily of lectures. In the last few weeks of the course, students will provide presentations on influential journal articles. More information on the presentations will be provided in class

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Required Readings

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Nicholson, W. and Synder, C. Microeconomic Theory: Basic Principles & Extensions. Cengage Learning, 2017.

*Readings for each topic are provided in the Reading List for this paper (accessible through Moodle).

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Learning Outcomes

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Students who successfully complete the course should be able to:

  • Understand and use consumer and producer theories
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  • Reach an improved level of understanding of microeconomic theory, through mathematics and the empirical application of the theory
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  • Understand the role of assumptions
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  • Apply and explain appropriate models
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  • Use economic theory to understand and evaluate policy proposals
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  • Communicate effectively about economic issues
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  • Utilise basic tools and concepts required to read and understand research published in core journals
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Assessments

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How you will be assessed

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This paper is 100% internally assessed. There is no final examination for this paper.
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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. Assignment 1
4 Aug 2023
10:00 AM
15
  • Online: Submit through Moodle
2. Problem Set 1
18 Aug 2023
1:00 PM
15
  • Online: Submit through Moodle
3. Problem Set 2
29 Sep 2023
1:00 PM
15
  • Online: Submit through Moodle
4. Test
6 Oct 2023
1:00 PM
30
  • Online: Submit through Moodle
5. Presentation & Written Report
13 Oct 2023
No set time
25
  • Online: Submit through Moodle
  • Presentation: In Class
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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