Introduction to economics and principles of microeconomics The scope of economics; the basic theory of demand and supply; price, income and cross elasticity of demand; consumer utility, the utility function and case studies in terms of the utility function; the theory of the firm in the short and long run; market structures, namely the perfect market, monopoly, oligopoly and monopolistic competition; public sector finances; microeconomics versus macroeconomics and economic statistics.
At least 6 (70-79%) in Mathematics or 60% in both Statistics 113 and 123.
3 lectures per week
Language of tuition
Module is presented in English
Period of presentation
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