Microeconomics aims to understand the behaviour of individuals and firms to interpret how they make decisions given the scarcity of resources. This is especially important for individuals, both in business and government, who have to allocate resources considering a range of factors including labour, supply and demand, economic utility, pricing and productivity.

This course aims to give students the conceptual basis and the necessary tools for understanding modern microeconomics at an intermediate level. During the course you will learn about the application of consumer theory, the theory of the firm, general equilibrium and welfare, game theory, oligopolistic markets and information economics. By applying these theoretical frameworks you will tackle important questions such as how firms respond to market stimuli, both in the short and the long run, as well as how game theory can be used to study strategic interactions between decision makers.

This highly interactive course allows you to apply the content through active class discussion, class-based exercises, and feedback from faculty and peers. By the end of the course, you will understand how microeconomics is applied to real-world problems, helping you develop a microeconomic mindset when thinking about issues that are relevant in practice, and for policy.