The course presents an analytical approach to intermediate microeconomics. It emphasises the fundamental conceptual foundations of microeconomics and provides some examples of their applications. The course emphasizes on fundamental microeconomics knowledge and tools to analyze and evaluate the consumer behavior, producer decision-making, market structure with changing in hypotheses, the general principles of welfare economies, and general equilibrium. Students will develop the problem-solving skills using mathematical tools to understand and apply microeconomics principles in consumers’ and firms’ decision-making. Topics include: consumer demand, uncertainty, the theory of the firm, goods markets, resource markets, general equilibrium, and market failures. Students are expected to have reviewed their principles of microeconomics learned from their principle course. Delivery is through a combination of lectures, in-class activities and home exercises.
