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Provides a working knowledge of microeconomic theories with an emphasis on their application to business and public sector decision making.
The objective of ECON 201 is to promote an understanding of key microeconomic theories, with emphasis on their real-world applications. More specifically, we will try to equip students with the knowledge and skills to be able to see and understand a wide range of interesting and commonplace economic phenomena relating to the behaviours of individuals, firms and government organisations. The hope is that by the end of the paper, students are able to read and understand non-specialist economics reporting and analysis, such as is found in The Economist magazine - from which many readings are taken.
| Paper title | Microeconomics |
|---|---|
| Paper code | ECON201 |
| Subject | Economics |
| EFTS | 0.15 |
| Points | 18 points |
| Teaching period | Semester 1 (On campus) |
| Domestic Tuition Fees (NZD) | $887.55 |
| International Tuition Fees | Tuition Fees for international students are elsewhere on this website. |
- Prerequisite
- BSNS 104 or BSNS 113
- Schedule C
- Arts and Music, Commerce, Science
- Eligibility
ECON 201 is intended to complement other Business School and Humanities papers, including preparing students for other Economics papers. Naturally, ECON 201 is intended as a progression from BSNS 113 and ECON 112, and therefore, students are expected to have at least a working knowledge of introductory microeconomics, although this material will be revised along the way (especially in the first couple of weeks).
- Contact
- economics@otago.ac.nz
- More information link
- View more information about ECON 201
- Teaching staff
Co-ordinator and lecturer: Viktoria Kahui
- Textbooks
A reading list will be provided on e-reserve in Blackboard.
- Graduate Attributes Emphasised
- Global perspective, Interdisciplinary perspective, Lifelong learning, Scholarship,
Critical thinking, Ethics, Environmental literacy, Information literacy, Research,
Self-motivation, Teamwork.
View more information about Otago's graduate attributes. - Learning Outcomes
Students who successfully complete this paper will gain
- Understanding of key microeconomic theories and concepts, with emphasis on applications
- Knowledge and skills to be able to 'make sense' of a wide range of interesting and commonplace economic phenomena relating to the behaviours of individuals, firms and government organisations
- The ability and desire to read and understand non-specialist economics reporting, such as in The Economist magazine
ECON 201 is intended to complement other Business School and Humanities papers, including preparing students for other Economics papers.
Timetable
Provides a working knowledge of microeconomic theories with an emphasis on their application to business and public sector decision making.
Should the Commerce Commission have done more to break up New Zealand’s supermarket duopolies in 2022? In what way is global climate change action a Prisoner’s Dilemma? Why do online customers get quoted different prices for the same hotel room for the same date?
The objective of ECON201 is to teach students key microeconomic theories and their application to everyday phenomena around us. By the end of the paper, students will have a good grip on concepts related to consumer choice, perfectly competitive markets, monopoly, price discrimination, game theory etc.
| Paper title | Microeconomics |
|---|---|
| Paper code | ECON201 |
| Subject | Economics |
| EFTS | 0.15 |
| Points | 18 points |
| Teaching period | Semester 1 (On campus) |
| Domestic Tuition Fees | Tuition Fees for 2023 have not yet been set |
| International Tuition Fees | Tuition Fees for international students are elsewhere on this website. |
- Prerequisite
- BSNS 104 or BSNS 113
- Schedule C
- Arts and Music, Commerce, Science
- Eligibility
ECON 201 is intended to complement other Business School and Humanities papers, including preparing students for other Economics papers. Naturally, ECON 201 is intended as a progression from BSNS 113 and ECON 112, and therefore, students are expected to have at least a working knowledge of introductory microeconomics, although this material will be revised along the way (especially in the first couple of weeks).
- Contact
- economics@otago.ac.nz
- More information link
- View more information about ECON 201
- Teaching staff
Co-ordinator and lecturer: Viktoria Kahui
- Textbooks
Besanko & Braeutigam, "Microeconomics", 6th edition (Wiley).
- Graduate Attributes Emphasised
- Global perspective, Interdisciplinary perspective, Lifelong learning, Scholarship,
Critical thinking, Ethics, Environmental literacy, Information literacy, Research,
Self-motivation, Teamwork.
View more information about Otago's graduate attributes. - Learning Outcomes
Students who successfully complete this paper will gain:
- Understanding of key microeconomic theories and concepts, with emphasis on applications
- Knowledge and skills to be able to 'make sense' of a wide range of interesting and commonplace economic phenomena relating to the behaviours of individuals, firms and government organisations
- The ability and desire to read and understand non-specialist economics reporting, such as in The Economist magazine
ECON 201 is intended to complement other Business School and Humanities papers, including preparing students for other Economics papers.
