ECON207-20SU2 (D) Summer Nov 2020 start (Distance)

Intermediate Microeconomics - Households and Government

15 points

Start Date: Monday, 9 November 2020
End Date: Sunday, 13 December 2020
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Friday, 13 November 2020
  • Without academic penalty (including no fee refund): Friday, 27 November 2020


ECON 207 is one of two intermediate microeconomics courses which build on the concepts learned in ECON 104. Concepts will be taught with a graphical and/or simple algebraic approach. Most of the first term is spent using the consumer behaviour model to explain optimal consumer decision making with different types of goods. Consumer decision making under risk and uncertainty is also examined. Term two is spent examining what happens when people and businesses are imperfectly informed about their transactions, or about each other. Externalities and public goods are also investigated.

Learning Outcomes

  • On completion of ECON207, students will be able to:
  • Use consumer theory to identify best affordable bundles for consumers in different situations graphically and algebraically.
  • Use the consumer behaviour model to evaluate government policy.
  • Understand risk and uncertainty as it applies to the insurance market.
  • Explain the different reasons for market failure.
  • Apply various economic theories to practical ‘real-life’ examples.



ECON202, ECON203

Timetable Note

Each week there will be about five newly recorded ECHO recordings (not live), and one or two live Zoom sessions, which will also be recorded if students can’t make that specific time.

Course Administrator

Steve Agnew


Assessment Due Date Percentage  Description
Final exam 75% Three hour open book exam, paragraph questions.
Quizzes 10% Online quizzes, 4 in total.
Mid-term test 15% Take home test.

Textbooks / Resources

There is no prescribed textbook for this course.

Indicative Fees

Domestic fee $822.00

International fee $3,688.00

* Fees include New Zealand GST and do not include any programme level discount or additional course related expenses.

For further information see Department of Economics and Finance.

All ECON207 Occurrences

  • ECON207-20S1 (C) Semester One 2020
  • ECON207-20SU2 (D) Summer Nov 2020 start (Distance)