Intermediate Microeconomics (ECO131)

The first part of this course provides students with a more advanced approach to standard microeconomic analysis. We will discuss derivation of demand and supply curves in a more detailed manner as well as cover modelling of decision-making under uncertainty. The second part of the course is focused on the application of microeconomic reasoning in areas of special relevance to managerial decision-making. Topics will include firm behavior in settings with market power (output, pricing, market entry decisions), auctions, and settings with asymmetric information.

• Acquire a better understanding of model-based analytical methods and arguments in microeconomics.
• Be able to identify the characteristics, scope and techniques of managerial economics.
• Get familiar with basic game-theoretic models of industrial organization.
• Be able to apply microeconomic reasoning to managerial decision-making.
• Develop problem solving skills.