Microeconomics B - Intermediate Microeconomics

The aim of this course is to give students the conceptual basis and the
necessary tools for understanding modern microeconomics at the intermediate
level.
This course develops the neoclassical theory of optimising behaviour of
consumers and firms. The discussion of consumer theory is followed by a
careful examination of price and output determination under alternative market
structures. The implications of alternative goals of firms are also examined.
After the theory of supply and demand in the output market, the focus turns to
an examination of resource markets.