INTERMEDIATE ECONOMICS copy 1

This module has two units which are: 

1) Intermediate Microeconomics and 

2) Intermediate Macroeconomics 

Brief description 

The first part of this course deals with intermediate microeconomics where it deals with individual decision making. We first consider the decision maker in an abstract setting before moving to a market environment between both consumer and producer. Here we derive the demand function and its properties. We also study fundamental topics such as elasticity theory, production and profit maximization theory. The second part of the course deals with intermediate macroeconomics where it builds on the first by exploring economic environment with asymmetric information (asymmetric information, signaling and screening), as well as other topics in contract theory such as principal-agent problems and incomplete contracts.

Course objectives

The main objective of Intermediate Economics is to provide core analytical skills in intermediate microeconomics and macroeconomics. This course describes the foundations of modern microeconomics and macroeconomics as well as other topics that have been the subject of economic.