Course overview
This course provides tools and deeper understanding of decisions made by individuals and firms as economic agents and how government policy can influence these decisions. It builds on Principles of Economics to provide additional breadth and depth needed for those intending to pursue microeconomics fields in subsequent courses. It uses fundamental models of economic analysis to develop a basis for evaluating consumer and producer decisions, the efficiency and equity implications of various market structures, and a perspective on the appropriate role of government. Included are the study of consumer choice, production and cost, market structure, and market failure.
- Consumers Constraints, Choice And Demand
- Firms Technology And Costs
- Firms Decisions And Market Types
Course learning outcomes
- Frame economic problems in terms of core microeconomic concepts and principles
- Apply analytical techniques, including solving mathematical and diagrammatic problems, to analyse economic scenarios
- Present a clear and coherent exposition of microeconomic knowledge, ideas and empirical evidence both orally and in writing
- Engage professionally in group discussions to work towards a collaborative position on economic issues
- Reflect on the nature and implications of assumptions and value judgments in microeconomic analysis, economics decisions, and policy
Degree list
The following degrees include this course