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Department of Economics

ECON111: Microeconomic Principles

Lecturer in charge

Dr Michael Dobbie

Availability

D2 - Day; Offered in the second half-year
E2 - Evening; Offered in the second half-year
Summer Session - Offered in January-February as part of Summer School program.

Unit Outline

Websites

Handbook entry

Coursework unit website - WebCT (Login required)

Description

This is an introductory level unit in microeconomics. The unit is concerned with explaining how economic agents respond to incentives, and how prices by transmitting information facilitate decision making. Topics covered include: consumer choice and demand analysis; the firm and its production and costs; market structures from perfect competition to monopoly; factor markets; income distribution, poverty and discrimination; welfare economics; and market failure and microeconomic reform.