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MICROECONOMICS III

EIA3001 MICROECONOMICS III
4 Credits

Pre-requisite EIA2001 MICROECONOMICS II

Learning At the end of the course, the students are able to:
Outcomes
1. give a comprehensive and detail understanding of microeconomic theories;
2. discuss the application of the theories to the analysis of economic problems
and policies; and
3. apply a range of simple mathematical techniques of economic analysis in
problem-solving.

Synopsis This is the sequence for Microeconomics II course, which focuses mainly on
market imperfections, input markets, and general equilibrium. It introduces models
to analyze monopoly and other market structures under imperfect competition.
Game theory is extensively used to analyze the behaviour of firms under imperfect
competition. Students will be introduced to problems of asymmetric information,
externalities and public goods. Welfare analysis using general equilibrium will also
be discussed.

References 1. Nicholson, W., Snyder, C. (2010), Microeconomic Theory, 11 ed., Thomson
th
South-Western.
rd
2. Katz, M. L., Rosen, H. S. (1998), Microeconomics, 3 ed., McGraw Hill.
3. Mansfield, E., Yohe, G. (2004). Microeconomics 11 ed., W.W. Norton & Co.
th

Soft Skills CT1, CT2, CT3
LL1, LL2, LL3

Assessment Continuous Assessment : 40%
Final Examination : 60%

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