Browse Hierarchy ECOM002: Microeconomics A

Microeconomic Theory provides the basic conceptual tools of economic analysis. In Microeconomics A, we will cover the standard economic models of individual decision making, models of consumer behaviour and producer behaviour under perfect competition, the Arrow­Debreu general equilibrium model and the two fundamental welfare theorems. At the end of the course students should be able: to analyse decision making with and without uncertainty, derive individual and market demand curves and explain the concept of market equilibrium and its welfare properties.