ECC 2000 Intermediate Microeconomics
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This ECC 2000 Intermediate Microeconomics module develops an understanding of individual decision-making in consumption and production. It as well introduces the theory of consumer choice, including the application of the choice between income and leisure. In production theory, he developed the concept of allocation efficiency and its impact on cost pricing. Various market structures are analyzed: competition, monopoly, monopolistic, and oligopoly. Finally, this section discusses market failures and related microeconomic policies.
This ECC 2000 Intermediate Microeconomics course helps students in providing a conceptual framework and the necessary tools for an intermediate understanding of modern microeconomics. As part of the course, you will explore consumer theory, company theory, general equilibrium and welfare, game theory, oligopolistic markets, and applications of the information economy. Applying these theoretical foundations will address important questions such as how companies respond to market incentives in the short and long term and how to use game theory to study strategic interactions between decision-makers.
Learning outcomes:
1. Analyze the decisions of individual consumers and producers.
2. Understand decision-making in terms of game theory.
3. Analyze decisions on products and market prices in different conditions.
4. Analyze and critically evaluate policies designed to influence individual behavior and market performance.
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