University Subjects

ECON3101: Markets and Frictions (Microeconomics 3)

ECON3101: Markets and Frictions (Microeconomics 3)

University
University of New South Wales
Subject Link
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Subject Reviews

HelpICantThinkOfAName

2 years ago

Assessment

4x10% homework assignments. Nothing too difficult, just a lot of algebra

4x5% journal entries. These are short 300-500 word journal entries similar to ECON1401, but with more engagement with the course. You can't say "in week 1 we studied x and I found this interesting because...", you have to talk about where the topics discussed fail in the real world, or connect it to some other course, or even to literature (apparently someone related consumer theory to Dostoevsky???)

40% final exam. Nothing too difficult, about the same level of the problems discussed in the tutorials, not quite as hard as the homework quesitons.
Assumed Knowledge
ECON2101. Be
Comments
This course is a marked improvement over micro 2, but also suffers from some similar failings. Namely the lack of examples done in lectures and tutorials. This time the lectures went much more in-depth with the material than micro 2 did, so it was never really a problem until later into the term, where it would've been nice to have some more concrete mathematics shown. If you like micro or are planning on taking economics honours, this is a course that you can't miss.
Contact Hours
2 x 1.5 hour lecture per week. 1 x 1.5 hour tutorial per week.
Difficulty
3.75/5 for the whole course
Lecture Recordings?
Yes.
Lecturer
Gautam Bose, 3.5/5. Fairly decent lecturer, with good explanations of the topics. I feel that the lectures towards the end of the course would've benefited from more time.
Notes / Materials Available
Full slides. Would recommend having a copy of the Varian textbook handy, always nice to have a second explanation of these topics.
Overall Rating
3/5.
Year & Trimester Of Completion
2021/T2
Your Mark / Grade
86 HD

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