Intermediate Microeconomics

University of Otago

Course Description

  • Course Name

    Intermediate Microeconomics

  • Host University

    University of Otago

  • Location

    Dunedin, New Zealand

  • Area of Study

    Economics

  • Language Level

    Taught In English

  • Prerequisites

    BSNS 104 and ECON 112 and one of FINQ 102, MATH 160, MATH 170

  • Course Level Recommendations

    Upper

    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.

    Hours & Credits

  • Credit Points

    18
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    Presents an analytic approach to intermediate microeconomics. The emphasis is on the fundamental conceptual foundations of microeconomics, illustrating their application with concrete examples.

    This is the core theory paper in economics. The paper is designed to formalise and extend the basic concepts of microeconomics that you were introduced to in your introductory economics papers. You will have seen many of the topics before - consumer theory, producer theory, exchange, monopoly and externalities - but typically in an informal setting. Other topics may be less familiar. We will consider examples and applications of micro theory. The tools of microeconomics are useful for a wide variety of problems - most of what you see in the newspapers or run into in daily life - and examples will be used to give you a sense of the range. The analysis will be technical in nature, involving calculus and optimisation. While this formalisation is essential for a modern treatment of microeconomics, the lectures will also present graphical techniques, especially for the building of intuition.

    Learning Outcomes
    By the end of the paper you should have gained an understanding of the techniques of analysis appropriate to intermediate microeconomics and have enhanced your ability to reason logically and accurately. You will also be able to:
    - Translate economic ideas into equations or numerical examples
    - Calculate quantitative answers to economic problems
    - Recognise that economic arguments are simpler with a little maths
    - Appreciate how standard economic techniques can offer insights into various economic issues

Course Disclaimer

Courses and course hours of instruction are subject to change.

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