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LBE 100 Microeconomics

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LBE 100 Microeconomics
0. Unit Information

0.1 Introduction

Welcome to LBE 100 Microeconomics. You may be taking this unit as part of an Economics major or minor, or as one of the required units for professional recognition in Accounting, or to support your major in Finance, Marketing, Management, or because you recognise that some knowledge of economics is essential these days for understanding key issues in business, politics and society, whatever career you pursue. In each case, we hope you will enjoy the unit, as well as finding it useful. We will be using the unit to introduce you to the economic way of thinking and analysing problems. Obviously, we will only be able to tackle some of the many aspects of economics in this unit, but the economic way
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& O’Brien P., 2011, 2nd Edition, Microeconomics, Pearson Education Australia.Books are available from the Swinburne bookshop.The Microeconomics text can also be packaged with Macroeconomics. The Microeconomics text would suffice, but the full package is much better value for students intending to pursue further studies in Economics.Using the textWhen reading the text, try to do so actively, asking questions of yourself and the text, and checking that these questions are being answered. One way to do this is to look carefully at the topic’s learning objectives (shown in this Learning Guide) and the text headings and summary before commencing your reading. As you work through each textbook section, make notes and jot down questions that come to mind as you read, and, where you have difficulty, check the explanation given in one of the other references listed in the Learning Guide Topic Bibliography. |

Using this approach means your reading will be intentional, guided and therefore more enjoyable, effective and efficient. This makes good economic sense!

After you have read the text, attempt the Tutorial Questions set in this Learning Guide (including the Multiple Choice Questions from Appendix Two and the end of chapter questions from the textbook). Make a note of any problems you wish to have discussed in the tutorial.

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Access to Staff

| You are encouraged to consult members of the teaching panel about your individual problems and progress - and about new understandings and successes! Please don’t wait for small problems to become large before contacting us for assistance. Remember that you can contact us by telephone (including Voicemail) or Email as well as by seeing us in person. If you are using Voicemail, please leave your name and phone number clearly so we can get back to you as soon as possible. If you are using email, please specify LBE100 as the subject of the email. |

We hope you enjoy this unit and find it helpful, both now and for the future.

This enjoyment and usefulness will both be considerably enhanced if you consistently try to apply the material we are studying to events occurring in the Australian (and global) economy. Keep a news file of relevant items and discuss them with your family, friends and peers.

0.2 Unit

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