ECON10004: INTRODUCTORY MICROECONOMICS
TASKS FOR TUTORIAL 1
(Week beginning July 28th)
Welcome to your Introductory Microeconomics tutorial!
Your tutorials will usually contain a set of tasks based on the lectures in the preceding week.
The first week’s tutorial is a little bit different. Its main purpose is to answer any questions you
may have about the delivery of the subject and give you the opportunity to meet your tutor, and
classmates. Think of it as a “how is this going to work?” and “don’t be shy just say hi!”
logistics/socialising tutorial. You will also be given some information about the basic math
skills you will need during the course.
Here’s what you should do in preparation for your first tutorial. First, carefully read the Subject
Guide. Then sign up for a tutorial group (if you haven't already). If you have any questions
about the logistics, note them down, and raise them during your tutorial – your tutor will do
the best they can to answer them.
In the tutorial, you will have about a minute to introduce yourself. This is your opportunity to
tell your classmates and your tutor a little bit about yourself, as well as what you expect to get
out of this subject. While others introduce themselves, pay attention and try to think about who
you would like to hang out with and/or study with.
Now if all the logistics are crystal clear and saying “hi!” doesn’t come easy to you, do not
worry. You will solve some simple tasks in groups today. Your tutor will instruct you on how
to proceed.
TASK 1
What is your experience with economics? What do you think of when you hear economics?
What do you hope to gain from this subject?
(There is no right answer! Whether you have studied economics in high school before, or
nothing at all, this course is suitable for everyone, and it is likely there is something for
everyone)
(Think, pair, and share)
TASK 2
a) Define demand and supply in your own words
b) Describe what happens to the quantity demanded when the price of a product
increases, and why (hint: think about a real-world example – how does your quantity
demanded change when prices change?)
c) Describe what happens to the quantity supplied when the price of a product increases,
and why
TASK 3
a) On a graph, with price on the vertical axis (y-axis) and quantity on the horizontal axis
(x-axis), draw a demand curve and a supply curve
1
b) On a new graph (with the same axes, price on the y-axis and quantity on the x-axis),
draw the following demand and supply curves on the same graph:
QD = 480 – 4P
QS = 2P
c) Find Q and P where QD and QS intersect
d) Find a new function (QD’) with the same slope as QD but shifted 100 units up. Plot it on
the same graph. Write down the equation.
e) Is this the same QD shifted 100 units to the right? Why or why not?
In preparation for the mathematics required for this course, please review the Basic pre-
requisite maths or FBE Quantitative Online Resource (available from week 1) linked on
Canvas and ask your tutor or attend a weekly consultation with any clarification questions.
