ECO1101: Microeconomics Theory

Abstract

This course aims at providing you a rigorous understanding of basic microeconomic theory, and the economic tools to analyze the decision making of consumers and firms as well as their interactions in markets. This should be hard and fun. This course consists of four parts. It begins with consumer theory, which is a theory of demand. Next, we explore the counterpart to the consumer’s problem—producer theory. Thirdly, we put the demand and supply together and determine the equilibrium. In the last part of the course, we study a variety of market structures, such as monopoly, perfect competition and oligopoly. Depending on the progress, advance topics will be disscussed.