Microeconomic Analysis and Policy is a course in modern microeconomic theory at a Graduate Diploma level. It gives students a solid understanding of basic microeconomic theory and its applications in important policy areas such as tax policy, price regulation, and the environment. The course covers consumption theory, production theory, theories of the competitive market, non-competitive markets, general equilibrium theory, externalities and public goods, and an introduction to game theory.

On successful completion of this course students will be able to analyse microeconomic problems, apply microeconomic principles to the assessment of public policies, and enter Master-level courses on microeconomics.

Assessment will involve two quizzes (10%), a mid-semester examination (30%), and a final examination (60%). All are closed-book.

3.75 contact hours per week, including 2.5 lecture hours and a 1.25-hour tutorial.  Students are expected to study 6-7 hours a week outside contact hours to satisfactorily complete the course.

Knowledge in calculus and optimisation are essential.

Nicholson, W & Snyder, C 2008, Microeconomic Theory: Basic Principles and Extensions, 10th edn, Cengage Learning.

Varian, HR 2010, Intermediate Microeconomics: A Modern Approach, 8th edn, Norton.

Jehle, GA & Reny, PJ 2011, Advanced Microeconomic Theory, 3rd edn, Prentice Hall.

Hoy, M, Livernois, J, McKenna, C, Rees, R & Stengos, T 2011, Mathematics for Economics, 3rd edn, MIT Press.

The course will be delivered on campus, with material posted to the course Wattle site