This is an intermediate microeconomics course in which students will learn the insights of microeconomic theory and their applications in business and public policy
*Curricular information is subject to change
The topics covered include
The theory of consumer behaviour, derivation of individual and market demand, applications of consumer theory. Behavioural economics insights.
Theory of production and costs, derivation of firm and market supply, returns to scale. Competitive markets and the effects of state interventions. Market failure.
Economics of Information: Asymmetric information. Moral hazard.
Lectures, class discussions and online exercises.
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 60 |
| Other Assessment(s) | 40 |