Microeconomic Analysis (ECON7030)

Course overview

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

Course staff

Timetable

The timetable for this course is available on the UQ Public Timetable.

Additional timetable information

Lectures commence in Teaching Week 1. Tutorials commence in Teaching Week 2.

The timetable is published through the UQ Public Timetable found in the APPs section of myUQ. 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. The timetable can be downloaded here Public Timetable.

What is changing for Summer semester?

The course will still deliver live online (recorded) lectures and live online (not recorded) tutorials; there will be no ‘In-Person’ classes to attend over the Summer Semester. However, the final exam will be an in-person, written exam. Students enrolling in the course must be available to sit the final exam during the Summer Semester exam period in-person, on campus (St Lucia).

Public Holidays: Wednesday 25 December (Christmas Day), Thursday 26 December (Boxing Day), Wednesday 1 January (New Year's Day)

In-Semester Break: Monday 23 December - Wednesday 1 January. Classes recommence Thursday 2 January

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:

Assessment

Assessment summary

Assessment details

Problem Set I

Mode

Written

Category

Tutorial/ Problem Set

Weight

25%

Due date

19/12/2024 - 20/12/2024

Answers must be submitted in blackboard during a 24 hour period from 10:00 on Thursday 19 December 2024 to 10:00 am on Friday 20 December 2024.

Learning outcomes

L01, L02, L03, L04

Task description

Submission guidelines

To be submitted by the due date and time via Turnitin on Blackboard.

Deferral or extension

You may be able to apply for an extension.

The maximum extension allowed is 7 days. Extensions are given in multiples of 24 hours.

Any requests for an extension must be made following the UQ assessment extension request process. It will require inclusion of valid supporting documentation, such as a medical certificate. In order to provide students with timely feedback, a maximum extension length of 7 days applies.

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

16/01/2025 - 17/01/2025

Answers must be submitted in blackboard during a 24 hour period from 10:00 on Thursday 16 January 2025 to 10:00 am on Friday 17 January 2025.

Learning outcomes

L01, L02, L03, L04

Task description

Submission guidelines

To be submitted by the due date and time via Turnitin on Blackboard.

Deferral or extension

You may be able to apply for an extension.

The maximum extension allowed is 7 days. Extensions are given in multiples of 24 hours.

Any requests for an extension must be made following the UQ assessment extension request process. It will require inclusion of valid supporting documentation, such as a medical certificate. In order to provide students with timely feedback, a maximum extension length of 7 days applies.

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

• Identity Verified
• In-person

Mode

Written

Category

Examination

Weight

30%

Due date

End of Semester Exam Period

1/02/2025 - 8/02/2025

The exam will be scheduled during the Examination Period.

Learning outcomes

L01, L02, L03, L04

Task description

Exam details

Submission guidelines

Deferral or extension

You may be able to defer this exam.

Any requests for a deferral must be made following the relevant UQ policy . 

Tutorial Exercises

Mode

Written

Category

Tutorial/ Problem Set

Weight

20% (Individual: best 8 of 11)

Due date

Each tutorial exercise is due on Monday 10am (for Monday tutorials, weeks 2-3 & 6-8) and Wednesday 10am (for Wednesday tutorials, weeks 2-4 & 6-8)

Learning outcomes

L01, L02, L03, L04

Task description

Submission guidelines

Submission is online through the course Blackboard site before their specific due dates and times. If the exercise is typed (with a word processing software), it should be saved as a pdf file before submission. If it is hand-written, a student can either scan or take a photo of it, save the scan or photo as a pdf, png or jpeg file, and submit the file. In this case, however, the hand-writing (in the image file submitted) should be legible.

Deferral or extension

You may be able to apply for an extension.

The maximum extension allowed is 7 days. Extensions are given in multiples of 24 hours.

Any requests for an extension must be made following the UQ assessment extension request process. It will require inclusion of valid supporting documentation, such as a medical certificate.

Late submission

You will receive a mark of 0 if this assessment is submitted late.

If you know in advance that you would not be able to submit the exercise online (e.g., if you will be traveling to areas without a reliable Internet connection), you should contact the course coordinator to arrange for alternative submission methods before the due date/time.

Course grading

Full criteria for each grade is available in the Assessment Procedure.

Additional course grading information

ﾠA 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 & Guidelines. Please refer to the link to theﾠAcademic Integrity Module (AIM). It is strongly recommended that you complete the AIM if you have not already done so.

SUBMISSION OF ASSIGNMENTS

All assignments must be submitted by the due date and time as stated in the course profile.ﾠFor this course, students are required to submit assignments electronically via Turnitin on the course Blackboard site.

DEFERRED EXAMINATIONS

If you are unableﾠto attend a scheduled exam: an in-class Quiz, in-semester or Final Exam (e.g. due to illness or other unavoidable circumstances which can be evidenced - e.g. medical certificate), youﾠmayﾠbe eligible to sit a deferred examination at a later time.

Information on grounds for applying for deferred examinations can be viewed here: https://my.uq.edu.au/information-and-services/manage-my-program/exams-and-assessment/deferring-exam

Information on how to apply for a deferred exam can be found here: https://my.uq.edu.au/node/189/3#3

Please read this information very carefully before submitting your request. Requests for deferred examinations and supporting documentation must be submitted online via mySI-net > myRequests tab (https://www.sinet.uq.edu.au/psp/ps/?cmd=login)

Requests for Deferral ofﾠIn-Semester Examinationsﾠapply to examinations held either during class time or during the teaching weeks. Any student who is granted a deferred in-semester examination and who fails to complete at the appointed time and place will be awarded a mark of zero as per the PPL rules. There is no opportunity to defer a deferred examination under any circumstances.

Requests for Deferral ofﾠEnd of Semester examinationsﾠapply to examinations held at the end of semester during the University’s examination period. A student who is unable to sit a scheduled final examination must apply for a deferred examination no later than 5 days after the date the original examination was held.

Application rulings:

Application rulings will be notified to you by email to your University student email address. Should you not receive a response to your application for an end of semester deferred examination by the time the final results are released, please contact Examinations Section or your faculty, as appropriate.

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.

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.