Intermediate Microeconomics

Overview

The aim of Intermediate Microeconomics is the development of theoretical and applied skills in economics. It covers applications and extensions of the theory of consumer choice, firm behaviour and market structure. Emphasis is given to the economics of information and choice under uncertainty; industry structures other than monopoly and perfect competition; markets for factors of production; general equilibrium and economic efficiency; market failure and the role of government. This unit provides a basis for the more specialised options that comprise third year economics.

Topic 01:Budget, Preferences, Utility, Marginal Rates of Substitution

Topic 02:Utility, Choice & Demand

Topic 03:Comparative Statics & Market Demand

Topic 04:Endowments, Intertemporal Choice

Topic 05:Market equilibrium & Welfare Theorems

Topic 06:Technology, Profit & Cost Minimisation

Topic 07: Cost Curves, Firm Supply

Topic 08: Industry Supply, Monopoly

Topic 09:Monopoly and Monopolistic Competition

Topic 10: Game Theory & Oligopoly

Topic 11: Uncertainty and Asymmetric Information

Topic 12: Externalities, Public Goods