University of Otago
Dunedin, New Zealand
Area of Study
Taught In English
BSNS 104 and ECON 112 and one of FINQ 102, MATH 160, MATH 170
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.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
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.
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
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.
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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.