Intermediate Microeconomics

Victoria University of Wellington

Course Description

  • Course Name

    Intermediate Microeconomics

  • Host University

    Victoria University of Wellington

  • Location

    Wellington, New Zealand

  • Area of Study

    Economics

  • Language Level

    Taught In English

  • Prerequisites

    ECON 130; QUAN 111 (or MATH 141/142, 151)

  • 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

    15
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    Description
    This course in intermediate microeconomic analysis includes demand theory and applications of consumer behaviour, analysis of market structures, strategic behaviour, introductory welfare economics and analysis of public goods and externalities.

    Course Learning Objectives
    C1 articulate the principles of decision making and resource allocation under scarcity;
    C2 apply microeconomic techniques to seemingly separate areas of economics;
    C3 explain the principles of consumer choice;
    C4 describe the concept of technology and production costs;
    C5 analyse the behaviour of perfectly competitive firms;
    C6 derive and comment on equilibria in simple game-theoretic models of oligopoly;
    C7 identify profit maximising pricing strategies for monopolists adopting a range of approaches such as market separation, two-part pricing and bundling;
    C8 explain market failures due to externalities and public goods;
    C9 discuss the normative and ethical foundations of economic analyis

    Assessment
    Two Assignments 20%
    Mid-trimester Test 20%
    Two-Hour Final Exam 60%

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

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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.