Microeconomic Theory

Postgraduate | 2026

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Area/Catalogue
ECON 5004
Course ID icon
Course ID
201872
Level of study
Level of study
Postgraduate
Unit value icon
Unit value
6
Course level icon
Course level
1
Study abroad and student exchange icon
Inbound study abroad and exchange
Inbound study abroad and exchange
The fee you pay will depend on the number and type of courses you study.
No
University-wide elective icon
University-wide elective course
No
Single course enrollment
Single course enrolment
No
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Note:
Course data is interim and subject to change

Course overview

This course deepens critical thinking, reasoning, and mathematical problem-solving in key advanced methods and theories of contemporary microeconomics. 

Topics include the economic behaviour of individual units, in particular consumers and firms; expected utility and uncertainty; welfare economics; information economics; and auction theory. 

Course learning outcomes

  • Demonstrate proficiency in the mathematics of constrained optimisation to solve microeconomic problems
  • Derive the central results about decision-making by consumers and firms from first principles
  • Use proficiently the expected utility model to analyse economic problems
  • Apply the fundamentals of welfare analysis
  • Develop game theoretic modelling to identify equilibrium strategies using appropriate solution concepts

Prerequisite(s)

N/A

Corequisite(s)

N/A

Antirequisite(s)

N/A

Assessment

N/A

Degree list
The following degrees include this course
Master of Research
Graduate Certificate in Research Skills