Microeconomic Theory

Postgraduate | 2026

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Area/Catalogue
ECON 5004
Course ID icon
Course ID
201872
Level of study
Level of study
Postgraduate
Unit value icon
Unit value
6
Course level icon
Course level
1
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Inbound study abroad and exchange
Inbound study abroad and exchange
The fee you pay will depend on the number and type of courses you study.
No
University-wide elective icon
University-wide elective course
No
Single course enrollment
Single course enrolment
No
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Note:
Course data is interim and subject to change

Course overview

This course deepens critical thinking, reasoning, and mathematical problem-solving in key advanced methods and theories of contemporary microeconomics. 

Topics include the economic behaviour of individual units, in particular consumers and firms; expected utility and uncertainty; welfare economics; information economics; and auction theory. 

Course learning outcomes

  • Demonstrate proficiency in the mathematics of constrained optimisation to solve microeconomic problems
  • Derive the central results about decision-making by consumers and firms from first principles
  • Use proficiently the expected utility model to analyse economic problems
  • Apply the fundamentals of welfare analysis
  • Develop game theoretic modelling to identify equilibrium strategies using appropriate solution concepts

Prerequisite(s)

N/A

Corequisite(s)

N/A

Antirequisite(s)

N/A