Course coordinator
Dr Allan Hernandez Chanto
Course overview
- Study period
- Semester 1, 2025 (24/02/2025 - 21/06/2025)
- Study level
- Postgraduate Coursework
- Location
- St Lucia
- Attendance mode
- In Person
- Units
- 2
- Administrative campus
- St Lucia
- Coordinating unit
- Economics School
Recent developments in, & links between, microeconomic theory & economic policy at micro level.
Microeconomic theory aims to model economic activity as an interaction of individual economic agents pursuing their own goals. It provides the foundations for economic, political, strategic, and financial analysis. The aim of this subject is to present a systematic treatment of decision making. The subject demonstrates how we can use models to understand the fundamental principles behind familiar economic concepts, and how we apply these models. Examples and applications will be used to motivate concepts.
Course requirements
Assumed background
See Pre-requisites.
Prerequisites
You'll need to complete the following courses before enrolling in this one:
ECON2010 or 7010 or 7110
Incompatible
You can't enrol in this course if you've already completed the following:
ECON3010
Restrictions
Minimum of 15 enrolments
Course contact
School enquiries
School Enquiries, School of Economics
All enquiries regarding student and academic administration (i.e. non-course content information, e.g., class allocation, timetables, extension to assessment due date, etc.) should be directed to enquiries@economics.uq.edu.au.
Enquiries relating specifically to course content should be directed to the Course Coordinator/Lecturer.
Course staff
Timetable
The timetable for this course is available on the UQ Public Timetable.
Additional timetable information
Lectures commence in Week 1
Tutorials commence in Week 2
Please see the Learning Activities section of this Course Profile for the timetabling implications of public holidays.
Important Dates:
· Public Holidays: Fri 18 April (Good Friday), Mon 5 May (Labour Day).
· Mid-Semester Break: 21 April - 25 April. Semester 1 classes recommence on Mon 28 April.
Students should refer to the timetable prior to the commencement of classes to ensure that they have the most up to date information, as from time to time late room changes may occur.
Aims and outcomes
The aim of this course is to acquaint students with a selection of important issues and applications of modern microeconomics.
Learning outcomes
After successfully completing this course you should be able to:
LO1.
understand and know the main principles of advanced microeconomic theory.
LO2.
apply main concepts and ideas to real world economic situations.
LO3.
appreciate the methodology of modern microeconomics and its historical evolution.
LO4.
apply new analytical problem solving skills to real world economic situations.
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Tutorial/ Problem Set |
Tutorial Exercises
|
20% (Individual: best 8 of 10) |
5/03/2025 4:00 pm 12/03/2025 4:00 pm 19/03/2025 4:00 pm 26/03/2025 4:00 pm 9/04/2025 4:00 pm 16/04/2025 4:00 pm 30/04/2025 4:00 pm 14/05/2025 4:00 pm 21/05/2025 4:00 pm 28/05/2025 4:00 pm |
| Tutorial/ Problem Set |
Problem Set I
|
25% |
3/04/2025 10:00 am |
| Tutorial/ Problem Set |
Problem Set II
|
25% |
8/05/2025 10:00 am |
| Examination | Final Exam | 30% |
End of Semester Exam Period 7/06/2025 - 21/06/2025 |
Assessment details
Tutorial Exercises
- Mode
- Written
- Category
- Tutorial/ Problem Set
- Weight
- 20% (Individual: best 8 of 10)
- Due date
5/03/2025 4:00 pm
12/03/2025 4:00 pm
19/03/2025 4:00 pm
26/03/2025 4:00 pm
9/04/2025 4:00 pm
16/04/2025 4:00 pm
30/04/2025 4:00 pm
14/05/2025 4:00 pm
21/05/2025 4:00 pm
28/05/2025 4:00 pm
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L04
Task description
Tutorial Exercises Submission Guidelines
Throughout the course, there will be 10 written tutorial exercises. Students will receive a score of 0, 1.5, or 2.5 for each submission. Only the best 8 out of 10 exercises will be counted toward the final grade.
To receive 2.5 marks, a student must submit a reasonably complete (though not necessarily correct) exercise online through the course Blackboard site before the specified due date and time.
Submissions that are incomplete but show a genuine attempt will receive 1.5 marks.
Exercises must be submitted in PDF format:
- If typed using word-processing software, save and upload it as a PDF.
- If handwritten, scan or take a clear, legible photo, save it as a PDF, PNG, or JPEG, and upload it.
Deadlines:
- Exercises are due Wednesdays at 4:00 PM (Weeks 2-5, 7-9, and 11-13).
This assessment evaluates students’ abilities, skills, and knowledge without the aid of Artificial Intelligence (AI). The use of AI tools in completing this task is strictly prohibited and may constitute academic misconduct under the Student Code of Conduct.
Submission guidelines
Submit online through the Portal on the course Blackboard site.
Deferral or extension
You cannot defer or apply for an extension for this assessment.
Solutions will be released immediately after the submission deadline; therefore, no extensions or deferrals will be granted for this assessment. However, to provide students with some flexibility, only the best 10 out of 12 submissions will be counted toward the final grade.
Late submission
You will receive a mark of 0 if this assessment is submitted late.
Late submissions will be awarded a score of zero.
Problem Set I
- Mode
- Written
- Category
- Tutorial/ Problem Set
- Weight
- 25%
- Due date
3/04/2025 10:00 am
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L03, L04
Task description
You will receive questions covering material from Lectures 1 through 4. Your answers must be submitted via Blackboard within a 24-hour window, starting at 10:00 AM on Wednesday, April 2, 2025, and closing at 10:00 AM on Thursday, April 3, 2025.
Criteria & Marking:
UQ students can access the marking criteria through their profile on Learn.UQ or mySI-net.
Submission:
All responses must be submitted via Blackboard by the specified deadline.
This assessment evaluates your knowledge, skills, and abilities without the use of Artificial Intelligence (AI). The use of AI to generate responses is strictly prohibited and may be considered academic misconduct under the Student Code of Conduct.
Submission guidelines
All submissions must be made via Turnitin on Blackboard by the specified due date and time.
Deferral or extension
You may be able to apply for an extension.
The maximum extension allowed is 14 days. Extensions are given in multiples of 24 hours.
Extensions are limited to 14 calendar days to ensure timely feedback to other students.
Late submission
A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.
Problem Set II
- Mode
- Written
- Category
- Tutorial/ Problem Set
- Weight
- 25%
- Due date
8/05/2025 10:00 am
- Other conditions
- Time limited.
- Learning outcomes
- L01, L03, L04
Task description
You will receive questions covering material from Lectures 5 through 8. Your answers must be submitted via Blackboard within a 24-hour window, starting at 10:00 AM on Wednesday, May 7, 2025, and closing at 10:00 AM on Thursday, May 8, 2025.
Criteria & Marking:
UQ students can access the marking criteria through their profile on Learn.UQ or mySI-net.
Submission:
All responses must be submitted via Blackboard by the specified deadline.
This assessment evaluates your knowledge, skills, and abilities without the use of Artificial Intelligence (AI). The use of AI to generate responses is strictly prohibited and may be considered academic misconduct under the Student Code of Conduct.
Submission guidelines
All submissions must be made via Turnitin on Blackboard by the specified due date and time.
Deferral or extension
You may be able to apply for an extension.
The maximum extension allowed is 14 days. Extensions are given in multiples of 24 hours.
Extensions are limited to 14 calendar days to ensure timely feedback to other students.
Late submission
A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.
Final Exam
- Mode
- Written
- Category
- Examination
- Weight
- 30%
- Due date
End of Semester Exam Period
7/06/2025 - 21/06/2025
- Learning outcomes
- L01, L02, L04
Task description
The final in-person exam will assess all lecture and tutorial materials. It will include short-answer and problem-solving questions, and you will have two hours to complete it.
This is an open-book exam; however, seeking assistance or guidance from any individual is strictly prohibited. The exam will be scheduled during the official Examination Period, and further details will be provided on the course Blackboard site.
This assessment evaluates students' knowledge, skills, and abilities without the use of Artificial Intelligence (AI). The use of AI to generate responses is strictly prohibited and may constitute academic misconduct under the Student Code of Conduct.
Exam details
| Planning time | 10 minutes |
|---|---|
| Duration | 120 minutes |
| Calculator options | (In person) Casio FX82 series only or UQ approved and labelled calculator |
| Open/closed book | Closed Book examination - specified written materials permitted |
| Materials | One A4 sheet of handwritten notes , single sided, is permitted |
| Exam platform | Paper based |
| Invigilation | Invigilated in person |
Submission guidelines
Deferral or extension
You may be able to defer this exam.
Course grading
Full criteria for each grade is available in the Assessment Procedure.
| Grade | Cut off Percent | Description |
|---|---|---|
| 1 (Low Fail) | 0% - 29% |
Absence of evidence of achievement of course learning outcomes. |
| 2 (Fail) | 30% - 46% |
Minimal evidence of achievement of course learning outcomes. |
| 3 (Marginal Fail) | 47% - 49% |
Demonstrated evidence of developing achievement of course learning outcomes |
| 4 (Pass) | 50% - 64% |
Demonstrated evidence of functional achievement of course learning outcomes. |
| 5 (Credit) | 65% - 74% |
Demonstrated evidence of proficient achievement of course learning outcomes. |
| 6 (Distinction) | 75% - 84% |
Demonstrated evidence of advanced achievement of course learning outcomes. |
| 7 (High Distinction) | 85% - 100% |
Demonstrated evidence of exceptional achievement of course learning outcomes. |
Additional course grading information
A student's final overall end of semester percentage mark will be rounded to determine their final grade. For example, 64.5% rounds to 65%, while 64.4% rounds to 64%.
Supplementary assessment
Supplementary assessment is available for this course.
Additional assessment information
Plagiarism
The School of Economics is committed to reducing the incidence of plagiarism. Further information on plagiarism and how to avoid an allegation of plagiarism is available in this course profile under Policies and Procedures. Please refer to the Academic Integrity Modules (AIM). It is strongly recommended that you complete the AIM if you have not already done so.
Learning resources
You'll need the following resources to successfully complete the course. We've indicated below if you need a personal copy of the reading materials or your own item.
Library resources
Find the required and recommended resources for this course on the UQ Library website.
Additional learning resources information
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Learning activities
The learning activities for this course are outlined below. Learn more about the learning outcomes that apply to this course.
Filter activity type by
Please select
| Learning period | Activity type | Topic |
|---|---|---|
Week 1 (24 Feb - 02 Mar) |
Lecture |
Lecture 1: Introduction to Microeconomic Analysis Learning outcomes: L01, L03, L04 |
Week 2 (03 Mar - 09 Mar) |
Lecture |
Lecture 2: Preferences Learning outcomes: L01, L03, L04 |
Week 3 (10 Mar - 16 Mar) |
Lecture |
Lecture 3: Utility Theory Learning outcomes: L01, L03, L04 |
Week 4 (17 Mar - 23 Mar) |
Lecture |
Lecture 4: Consumer Choice Learning outcomes: L01, L03, L04 |
Week 5 (24 Mar - 30 Mar) |
Lecture |
Lecture 5: Expenditure Minimisation Lecture Notes to be distributed. Learning outcomes: L01, L03, L04 |
Week 6 (31 Mar - 06 Apr) |
Lecture |
Lecture 6: Demand Learning outcomes: L01, L02, L03, L04 |
Week 7 (07 Apr - 13 Apr) |
Lecture |
Lecture 7: Revealed Preference Learning outcomes: L01, L03, L04 |
Week 8 (14 Apr - 20 Apr) |
Lecture |
Lecture 8: Uncertainty Friday, April 18th is the Good Friday Public Holiday. If your tutorial is scheduled for this day, please attend any of the other tutorials scheduled for the week. Learning outcomes: L01, L03, L04 |
Mid-sem break (21 Apr - 27 Apr) |
No student involvement (Breaks, information) |
Mid-semester Break No lecture, no tutorials, no consultations |
Week 9 (28 Apr - 04 May) |
Lecture |
Lecture 9: Profit Maximisation Learning outcomes: L01, L02, L03, L04 |
Week 10 (05 May - 11 May) |
Lecture |
Lecture 10: Cost Minimisation Learning outcomes: L01, L02, L03, L04 |
Week 11 (12 May - 18 May) |
Lecture |
Lecture 11: Market Equilibrium I Learning outcomes: L01, L03, L04 |
Week 12 (19 May - 25 May) |
Lecture |
Lecture 12: Market Equilibrium II Learning outcomes: L01, L03, L04 |
Policies and procedures
University policies and procedures apply to all aspects of student life. As a UQ student, you must comply with University-wide and program-specific requirements, including the:
- Student Code of Conduct Policy
- Student Integrity and Misconduct Policy and Procedure
- Assessment Procedure
- Examinations Procedure
- Reasonable Adjustments - Students Policy and Procedure
Learn more about UQ policies on my.UQ and the Policy and Procedure Library.