ECON20002 Intermediate Microeconomics
University of Melbourne · Level 2 · 12.5 points · Runs in 2026: Summer, Semester 1, Semester 2.
- Final exam 60%: exam-heavy
Is ECON20002 hard?
ECON20002: About average. Makes it harder: Final exam 60%, You must pass the exam on its own.
What you learn
Deeper theory of how consumers and firms decide, including under risk and limited information.
After it you can
- Apply theory to business and policy problems
- Judge the limits of economic models
- Assess the roles of markets and government
What you need first
ECON10004
What it leads to
- ECOM30001 Basic Econometrics
- ECOM30002 Econometrics 2
- ECON20014 Seminar in Economics and Commerce A
- ECON30001 International Trade Policy
- ECON30002 Economic Development
- ECON30003 Industrial Economics
- ECON30005 Money and Banking
- ECON30006 Labour Economics
- ECON30007 Economics of Food Markets
- ECON30008 History of Economic Thought
- ECON30009 Macroeconomics
- ECON30010 Microeconomics
- ECON30011 Economics of Energy & Transport Systems
- ECON30013 Economic Analysis and Policy
- ECON30016 The Economics of Taxation
- ECON30018 Economics of the Law
- ECON30019 Behavioural Economics
- ECON30020 Mathematical Economics
- ECON30022 Experimental Economics
- ECON30023 Health Economics
- ECON30024 Economics of Financial Markets
- ECON30029 International Macroeconomics
- ECON30030 Topics in Asian Economic History
- ECON30031 Agriculture, Water & Forestry Economics
Careers
Helps toward: Economist
How it’s assessed
Participation 10%, Quizzes 20%, Tests 10%, Final exam 60%
Student reviews and ratings
Summarised from 10 students on StudentVIP (2018–2021)
- Heavily maths-based (calculus, algebra, graphs); students comfortable with maths say an H1 is achievable.
- Those weaker at maths found it hard, and some said exam questions were tougher than tutorial work.
- The experience varied a lot by semester and teaching team; the summer offering got better feedback in some reviews.
A summary of public reviews, not scored here.
Taken this subject? Rate it anonymously (difficulty, workload, marking, would you recommend it) and leave a tip for next year's students. Rate ECON20002
Quick answers
- When is ECON20002 offered?
- Runs in 2026: Summer, Semester 1, Semester 2.
- What do I need before taking ECON20002?
- Needs ECON10004.
- Does ECON20002 have a final exam?
- Yes, the final exam is 60% of the mark. You must pass the exam on its own. Assessment: Participation 10%, Quizzes 20%, Tests 10%, Final exam 60%.
- Is ECON20002 hard?
- From 10 student reviews on StudentVIP: Heavily maths-based (calculus, algebra, graphs); students comfortable with maths say an H1 is achievable.
- What do students say about ECON20002?
- Heavily maths-based (calculus, algebra, graphs); students comfortable with maths say an H1 is achievable. Those weaker at maths found it hard, and some said exam questions were tougher than tutorial work. The experience varied a lot by semester and teaching team; the summer offering got better feedback in some reviews.
- Can I take ECON20002 as breadth?
- Yes, for: Bachelor of Arts, Bachelor of Biomedicine, Bachelor of Design, Bachelor of Fine Arts (Acting), Bachelor of Fine Arts (Animation), Bachelor of Fine Arts (Dance), Bachelor of Fine Arts (Film and Television), Bachelor of Fine Arts (Music Theatre), Bachelor of Fine Arts (Production), Bachelor of Fine Arts (Screenwriting), Bachelor of Fine Arts (Theatre), Bachelor of Fine Arts (Visual Art), Bachelor of Music, Bachelor of Science.
- What can I take after ECON20002?
- 24 subjects need it first, for example ECOM30001, ECOM30002, ECON20014, ECON30001.
- Can I rate ECON20002?
- Yes. If you've taken it, rate it anonymously on this page (difficulty, workload, marking, would you recommend it) and leave a tip for next year's students. Averages show once 3 students have rated it; tips are checked before they appear.
Source: University of Melbourne Handbook 2026
Always confirm in the official Handbook.
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