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ECON201 Microeconomics

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 (NZD) $912.00
International Tuition Fees Tuition Fees for international students are elsewhere on this website.

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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
Teaching staff

Co-ordinator and lecturer: Viktoria Kahui

Textbooks

Gooslbee, Levitt, Syverson “Microeconomics” 3e, Macmillan 2020

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.

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Timetable

Semester 1

Location
Dunedin
Teaching method
This paper is taught On Campus
Learning management system
Blackboard

Lecture

Stream Days Times Weeks
Attend
L1 Tuesday 14:00-14:50 9-14, 16, 18-22
Wednesday 13:00-13:50 9-14, 16-22
Thursday 14:00-14:50 9-14, 16-22

Tutorial

Stream Days Times Weeks
Attend one stream from
T1 Monday 13:00-13:50 10, 12, 14, 16, 19, 21
T2 Tuesday 13:00-13:50 10, 12, 14, 16, 19, 21
T3 Tuesday 13:00-13:50 10, 12, 14, 16, 19, 21
T4 Tuesday 16:00-16:50 10, 12, 14, 16, 19, 21
T5 Wednesday 12:00-12:50 10, 12, 14, 17, 19, 21
T6 Wednesday 16:00-16:50 10, 12, 14, 17, 19, 21
T7 Thursday 12:00-12:50 10, 12, 14, 17, 19, 21
T8 Thursday 13:00-13:50 10, 12, 14, 17, 19, 21
T9 Friday 09:00-09:50 10, 12, 17, 19, 21
T10 Friday 10:00-10:50 10, 12, 17, 19, 21