Microeconomic Principles

An introduction to economic principles and their application to issues facing households, businesses and government in the New Zealand economy and the international economic environment. Note: CRNs 17450 and 15517 are for Vietnam-based students only.

Course overview

Points

15

Fees

$962.4 NZD

International fees

$4427.55 NZD

Course offered in

  • Trimester 1

  • Trimester 3

Duration

1 trimester

Prerequisites

Co-requisites

Restrictions

Taught by

The School of Economics & Finance

Wellington School of Business and Government

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Course content

This course is intended as a first course in microeconomics. It exposes students to economic concepts, frameworks and simple models, and so prepares students for further study in ECON and FINA courses. Analysis of these models will sometimes require knowledge of elementary mathematics, such as graphing lines and algebra.

Course learning objectives

Students who pass this course should be able to:

  1. Explain and assess the key principles of economics.

  2. Explain and analyse the optimal choice of a consumer.

  3. Explain and analyse the optimal production plan of a firm.

  4. Identify an equilibrium and analyse the main influences on equilibrium prices and quantities.

  5. Solve and comment on simple games.

  6. Explain and address the implications of imperfect competition in markets.

  7. Explain the basic concepts of finance.

Available offerings

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Offering CRN

Starts

Campus

Required materials and equipment

Class representative

The class representative provides a useful way to communicate feedback to the teaching staff during the course. They also work with the VUWSA Education Office on any academic issues that arise in their course. Reps are elected by students by the third week of classes every trimester. Being a rep requires a weekly commitment.

The Use of Te Reo Māori for Assessment Policy

Te Herenga Waka—Victoria University of Wellington values te reo Māori. Students who wish to submit any of their assessments in te reo Māori must refer to The Use of Te Reo Māori for Assessment Policy - PDF 134kb

He mea nui te reo Māori ki Te Herenga Waka. Ki te pīrangi koe ki te tuhituhi i ō aro matawai i roto i te reo Māori, tēnā me mātua whakapā atu ki te kaupapa here, The Use of Te Reo Māori for Assessment Policy - PDF 134kb

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