Course Description

Course Name

Microeconomics II

Session: VCPS3119

Hours & Credits

18 Host University Units

Prerequisites & Language Level

Overview

The course formalizes consumer and producer optimisation, and explores factor markets under perfect and imperfect competition before introducing general equilibrium theory, graphically and algebraically. The final section, on industrial organisation, looks at models that relax the critical assumptions of GE. All sections of the course incorporate applications. The sequence and number of lectures allocated to topics is variable.

*Course content subject to change