ECO110 Microeconomics (8)
Enrolment restrictions: Not available to students who have completed RMBU1639.
This subject introduces a range of core microeconomic principles to students assuming no previous knowledge of economics. The subject covers the role of consumers and producers in the market system, and develops the perfect competition and monopoly models of market structure. The subject also covers the role of government as a regulator of market activity and selected aspects of contemporary market failure including public goods and externalities.