316-313 Microeconomics

Note

Students proceeding to an honours degree in economics are required to take this subject in the third year of their course and the subject has been designed accordingly. There are, however, no restrictions on entry to the subject which all third-year economics students are welcome to take.

Coordinator

Prerequisites

316-201 Intermediate Macroeconomics and 316-202 Intermediate Microeconomics.

Semester

Contact

Subject Description

A more theoretical and intensive treatment of material covered in the first and second years; the consequences of individual optimising behaviour and of the nature of social equilibrium. Topics include: an introduction to constrained optimisation, consumer theory, producer theory, perfect competition and monopoly, game theory and oligopoly, behaviour under uncertainty and general equilibrium analysis.

Assessment

A 2-hour examination (80%) and class assignments totalling approximately 2000 words (20%).

Prescribed Texts

• Binger B and Hoffman E, Microeconomics with Calculus. 1st ed. Scott Foresman & Co.