School of Economics and Finance

ECOM002 - Microeconomics A

Microeconomic Theory provides the basic conceptual tools of economic analysis. In Micro A, we will cover the standard economic models of individual decision-making, models of consumer behaviour and producer behaviour under perfect competition, the Arrow-Debreu general equilibrium model and the two fundamental welfare theorems. At the end of the course students should be able: to analyze decision-making with and without uncertainty, derive individual and market demand curves and explain the concept of market equilibrium and its welfare properties.