11225 Industries and Markets

11225 Industries and Markets are taught at the University of Canberra, Bruce, while the course provides students with a deeper understanding of consumer and producer behavior in the market. Students will develop the skills to perform micro-economic policy analysis through examining several economic models that will explain and predict a wide variety of economic phenomena. The required IT skills are proficiency with word-processing software, particularly in dealing with graphing tools and mathematical functions/expressions. 

The course provides prerequisites of 11175 Introduction to Economics, where there are no Co-requisites, while the incompatible units for the current course are none. In addition, the equivalent units for the course is 6382 Intermediate Microeconomics and 9538 Intermediate Microeconomics, while the assumed knowledge needed for the students are expected to be familiar with microeconomic concepts covered in the per-requisite Introduction to Economics. Students would also require some basic mathematical skills in this unit such as taking the first derivative of a function and simplifying algebra. 

The course has extensions & late submissions measures, where Original will be used to check for plagiarism for all assignments. Your assessments must be written in your words and citations used when referencing material from published sources. Students will only receive an Original report for one draft submission of their work and again once 11125 assessment answers have been formally submitted. 

Unit Details Of 11225 Industries And Markets

Unit details of this course include the following:

Unit code:- 11225

Location:- UC - Canberra, Bruce

Study level:- Level 2 - Undergraduate Intermediate Unit

The student after successful completion of this unit is able to conduct the following measures.

• Explain the assumptions underlying the model of consumer behavior and analyze how consumers make optimal choices given their budget constraints;
• Distinguish between different production functions and evaluate the optimal combination of inputs for firms given the technology of production and input cost;
• Apply game theory methods to evaluate the strategic decision-making of different economic agents;
• Critically evaluate how asymmetric information affects the efficiency of markets and what type of signaling mechanisms can be designed to address such issues; and
• Reflect upon their unit experience, including theories, discussions, and feedback, and how it relates to the goals set out in their professional portfolio.

Brief On 11225 Industries And Markets

11225  assessment answers aim in improving the student's ability to communicate effectively while displaying initiative and drive, and using their organizational skills to plan and manage their workload. The student who graduates become professionals, where they employ up-to-date and relevant knowledge and skills while using creativity, critical thinking, analysis, and research skills to solve theoretical and real-world problems.

The student graduating is able to behave ethically and sustainably in their professional and personal lives, while making creative use of technology in their learning and professional lives, while adapting to complexity, ambiguity and change by being flexible and keen to engage with new ideas. Furthermore, the students are able to reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development.

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Weightage Of This 11225 Course Code In Their Semester

The Weightage of this 11225 Course Code in Their Semester is mainly at the levels of 3 credit points.  In addition, the course is taught in the following units.

• Semester 2, 2021, Flexible, UC - Canberra, Bruce (204540)
• Semester 2, 2020, On-Campus, UC - Canberra, Bruce (196021)
• Semester 2, 2019, On-Campus, UC - Canberra, Bruce (184849)

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