ECONS202-22B (HAM)

Microeconomics and Business Economics

15 Points

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Division of Management
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Steven Tucker

Steven Tucker
9299
MSB.2.12
See Moodle
steven.tucker@waikato.ac.nz

Lecturer(s)

Administrator(s)

: denise.martin@waikato.ac.nz

Placement/WIL Coordinator(s)

Tutor(s)

: sandamali.wijayarathne@waikato.ac.nz

Student Representative(s)

Lab Technician(s)

Librarian(s)

: yilan.chen@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5, 9 or 3 can also be direct dialled:
    • For extensions starting with 4: dial +64 7 838 extension.
    • For extensions starting with 5: dial +64 7 858 extension.
    • For extensions starting with 9: dial +64 7 837 extension.
    • For extensions starting with 3: dial +64 7 2620 + the last 3 digits of the extension e.g. 3123 = +64 7 262 0123.
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Paper Description

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This paper develops the ability of students to use microeconomic theory to analyse economic problems of relevance to businesses, consumers, and governments. Students learn to apply the tools of formal economic analysis through the development and application of basic economic models. The course is based around the use of basic calculus to gain an in-depth understanding of important relationships within these models. Core topics include utility theory, firm theory, competition theory, and strategic interaction. As an intermediate course in microeconomic analysis, this paper provides an important foundation for other economics courses, both at the 200 and 300 level.
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Paper Structure

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This paper is taught through the delivery of concepts presented via lectures and the application of these concepts to practical examples in tutorials.

The lectures are all pre-recorded and available to watch at your convenience. It is critical and thus required for you to watch the lectures associated with a given week's topic prior to attending the 2 hour tutorial. Additionally, there is an optional review session (workshop) provided each week.

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Learning Outcomes

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Students who successfully complete the paper should be able to:

  • 1. Describe a range of microeconomic models that can be applied to explain and/or inform consumption and business decisions.
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  • 2. Apply microeconomics models using basic calculus to explain and/or inform consumption and business decisions.
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  • 3. Apply microeconomics models using graphical methods to explain and/or inform consumption and business decisions.
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  • 4. Discuss the practical applicability of microeconomic theory.
    Linked to the following assessments:
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Assessment

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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam. The final exam makes up 0% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0 or 0:0, whichever is more favourable for the student. The final exam makes up either 0% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Online Quizzes
21 Oct 2022
No set time
10
  • Online: Submit through Moodle
2. Test 1
24 Aug 2022
12:00 PM
20
  • Online: Submit through Moodle
3. Test 2
19 Oct 2022
12:00 PM
20
  • Online: Submit through Moodle
4. Final Test
1 Nov 2022
12:00 PM
50
  • Online: Submit through Moodle
✔
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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The sole required text for this course is:

Perloff, J.M., Microeconomics: Theory and Applications with Calculus 2018 Pearson.

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Recommended Readings

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For those students that may need additional assistance with the math requirement for this course, the following text are recommended readings. Both of the following texts are available as e-books and accessible via Waikato Uni Library.

Basic Mathematics for Economists, Rosser, M. J., London ; New York : Routledge, Taylor & Francis Group, 2016.

Essential Mathematics for Economics and Business, Bradley, T., Chichester, West Sussex, United Kingdom : Wiley, 2013.

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Online Support

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All materials will be uploaded to Moodle across the duration of the course.
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Workload

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This is a 15 point paper. Therefore, a student would be expected to spend around 150 hours in total on studying ECONS202 during the semester, given that at the University of Waikato one point equates to approximately 10 hours' total work. This expected workload is based on both contact teaching hours and hours for study and assessment per week.
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Linkages to Other Papers

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Prerequisite(s)

Prerequisite papers: ECON100 or ECONS101

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: ECON202, ECON302, ECONS302

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