Course Description

Course Name


Session: VSOS3221

Hours & Credits

3 Credits

Prerequisites & Language Level

Taught In English

  • There is no language prerequisite for courses at this language level.


Microeconomics is the study of the allocation of scarce resources.

Economic agents should make their own allocation decisions. These decisions will interact with one another and result in an allocation of a society. Therefore, the aim of this unit is to 1) understand how these agents make their allocation decisions, and 2) how these decisions interact and result in a social outcome. This is an intermediate level microeconomics course, which builds on the material presented at first year level. Although rigorous, the use of mathematical techniques will be minimized and mathematical derivation will be presented as an appendix. However, it can be helpful to know mathematical skills covered in the introductory Microeconomics or Math for Economists. It is also recommended that students be equipped with necessary mathematical skills for the more advanced courses.

As well as providing a foundation for more advanced training in microeconomics, the content of this course provides useful skills not only for future managers, but for the layperson seeking to comprehend intelligent media comments on various economic issues.

Recommended/required text(s)
Each student should have access to a copy of the following text:
Perloff, JM 2011, Microeconomics with Calculus, 2ndedn, Pearson, Boston, US.
If you want a textbook with less mathematics involved, you can consult the following:
Perloff, JM 2011, Microeconomics, 6th edn, Pearson, Boston, US.
As microeconomics texts are very similar in their contents, any textbook will be helpful.

*Course content subject to change