Microeconomics 2 - ECON2101

 
Faculty: Australian School of Business
 
 
School:  School of Economics
 
 
Course Outline: ECON2101 Course Outline
 
 
Campus: Kensington Campus
 
 
Career: Undergraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 3
 
 
Enrolment Requirements:
 
 
Prerequisite: ECON1101 and ECON1202
 
 
CSS Contribution Charge:Band 3 (more info)
 
 
Tuition Fee:See Tuition Fee Schedule
 
 
Further Information: See Class Timetable
 
 

Description


All students taking this course during Summer Term will be required to pay full tuition fees. This includes Commonwealth supported students who are studying at UNSW. Please see Australian School of Business courses - Summer Term fees for more information.

Economists believe that in a perfect world, with perfect information, under certain conditions, markets will allocate goods efficiently. Usually, markets do not function in this way. Firms may have market power, which they will exert in strategic ways to influence their rivals to gain advantage. Imperfect information presents a series of problems for firms, consumers and households, particularly for insurance and labour markets.