University of the South Pacific
Area of Study
Taught In English
EC202: Intermediate Microeconomics, and EC203: Economic Statistics, and EC201: Intermediate Macroeconomics
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Credits3 - 4
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
OverviewThe course builds a sound micro-foundation to understand key issues in economic analysis. The subject provides a theoretical framework to understand welfare economics, uncertainty and risk, economics of strategy, economics of regulation, asymmetric information, cost-benefit analysis, provision of public goods, income re-distribution and government spending and taxation. Both graphical and calculus based derivations are used to construct examples to analyse complicated economic problems.Microeconomic theory aims to mod el economic activity as an interaction of individual economic agents pursuing their private interests. It provides the micro-foundations for economic, political, strategic, and financial analysis. The subject demonstrates how we can use model s to understand the fundamental principles behind familiar economic concepts, and how we apply these models to a variety of problems that are associated with Welfare Economics, Game Theory, Competition Policy and Industry Regulation , Asymmetric Information, Taxation, Cost-Benefit Analysis etc. Both graphical and calculus based derivations are used to analyze complicated economic problems. The material is designed to prepare students for advanced study in microeconomic theory and to provide ample theoretical space for policy analyses. Upon successful completion of the course, students should have at their disposal a solid understanding of decision making using microeconomics.
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Some courses may require additional fees.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.