Microeconomic Principles

Victoria University of Wellington

Course Description

  • Course Name

    Microeconomic Principles

  • Host University

    Victoria University of Wellington

  • Location

    Wellington, New Zealand

  • Area of Study

    Economics, Finance

  • Language Level

    Taught In English

  • Course Level Recommendations

    Lower

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

    15
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    Description
    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: ECON 130, CRN 17450 and 15517 is for Vietnam-based students only.

    Course Learning Objectives
    At the end of this course, students should be able to:
    - Explain and assess the key principles of economics
    - Explain and analyse the optimal choice of a consumer
    - Explain and analyse the optimal production plan of a firm
    - Identify an equilibrium and analyse the main influences on equilibrium prices and quantities
    - Assess the benefits and costs of international trade
    - Explain the basic concepts of finance
    - Solve and comment on simple games
    - Explain and address the implications of imperfect competition in markets.

    Assessment
    Online tests 10%
    Multi-choice tset 25%
    Examination 65%

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

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Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.