Uses the concepts of formal economic analysis to study topics ranging from the theory of consumer behavior to the formation of market demand, economics of the firm, pricing under competition and monopoly, income distribution, general equilibrium, and welfare economics. Emphasizes the application of various theoretical constructs in the analysis and interpretation of problems encountered in the real world.
Code
EC3010
Name
INTERMEDIATE MICROECONOMICS
Credits
4
Pre-requisites
(EC2010 OR EC2010GE110) AND (EC2020 OR EC2020GE110) AND (MA1030CCM OR MA1030GE120)
Co-requisites
None
Can be taken twice for credit?
No
Discipline
EC (Economics)
Level
Undergraduate
Type
Regular
CAMS ID
2712
Last update with CAMS
Explain the basic concepts in microeconomic theory and the assumptions underlying these concepts.
Apply microeconomic theory to the analysis of households, firms, and markets.
Identify the connections between microeconomic theory and the real world.