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MICROECONOMICS II

EIA2001 MICROECONOMICS II
4 Credits

Pre-requisite EIA1002 MICROECONOMICS I

Learning At the end of the course, the students are able to:
Outcomes
1. explain the theory of consumer behaviour and the production theory;
2. analyze consumer preferences towards risk;
3. identify profit maximization conditions in the short run and long run; and
4. analyze the gains and losses from government policies.

Synopsis The course will discuss the topics that relate to consumer behaviour, individual and
market demand, risk and uncertainty, production theory and production costs. The
course will also discuss how the firm maximizes profits under perfect competition.

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References 1. Pindyck, R.S., Rubinfeld, D.L. 2013. Microeconomics. (8 ed.) New Jersey:
Pearson Education, Inc.
2. Nicholson, W. 2010. Intermediate Microeconomics and Its Applications.
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(11 ed.) New York: Thomson.
3. Katz, M.L., Rosen, H.S. 1999. Microeconomics. (7 ed.) New York: McGraw-
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Hill.
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4. Frank, R.H. 2010. Microeconomics and Behavior. (8 ed.) New York: McGraw-
Hill.

Soft Skills CS1, CS2, CS3
CT1, CT2, CT3
LS1, LS2

Assessment Continuous Assessment : 40%
Final Examination : 60%

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