Course Description
Course Name
Intermediate Microeconomics
Session: VSRS3122
Hours & Credits
20 SCQF Credits
Prerequisites & Language Level
Introductory Microeconomics
Taught In English
- There is no language prerequisite for courses at this language level.
Overview
The assumptions of consumer choice theory relating to preferences and constraints on choice; derivation of
the main results about demand; the application of consumer choice theory to payments in kind, subsidies
and lump-sum benefits; consumer welfare ? measures of welfare and cost-benefit analysis; labour supply;
capital supply; the theory of costs and production; the long-run theory of perfect competition, monopolistic
competition and monopoly; the behaviour of oligopolistic markets.
*Course content subject to change