Overview
Provides a working knowledge of microeconomic theories with an emphasis on their application to business and public sector decision making.
What role do firms with market power play in the economy? In what way is 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 ECON 201 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.
About this paper
| Paper title | Microeconomics |
|---|---|
| Subject | Economics |
| EFTS | 0.15 |
| Points | 18 points |
| Teaching period | Semester 1 (On campus) |
| Domestic Tuition Fees ( NZD ) | $1,053.30 |
| International Tuition Fees | Tuition Fees for international students are elsewhere on this website. |
- Prerequisite
- BSNS 104, BSNS 113 or PTWY 111
- 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
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.
Overview
Provides a working knowledge of microeconomic theories with an emphasis on their application to business and public sector decision making.
What role do firms with market power play in the economy? In what way is 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 ECON 201 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.
About this paper
| Paper title | Microeconomics |
|---|---|
| Subject | Economics |
| EFTS | 0.15 |
| Points | 18 points |
| Teaching period | Semester 1 (On campus) |
| Domestic Tuition Fees | Tuition Fees for 2027 have not yet been set |
| International Tuition Fees | Tuition Fees for international students are elsewhere on this website. |
- Prerequisite
- BSNS 104, BSNS 113 or PTWY 111
- 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
- Teaching staff
Co-ordinator and Lecturer: Associate Professor 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.