Intermediate Microeconomics I
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Course description
Learning outcomes
The main objective is to master the microeconomic approach to understanding economic phenomena, and to be able to apply the most widely used tools of microeconomics to solving economic decision problems.
The most important learning objectives are the analysis of competitive markets, basic pricing, decision analysis of firms under uncertainty, welfare analysis of policy interventions in markets, understanding and ameliorating problems with public goods and externalities.
Content
Microeconomics studies the economy at the level of individual markets/industries and from the point of view of consumers, firms, and governments.
The central content in this course is the demand-supply framework and its various extensions and applications, the basics of the theory of consumer, monopoly and pricing with market power, theory of public goods and externalities.
