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Prerequisites: ECO101, ECO102

Intermediate Microeconomics (ECO201) focuses on the study of consumer and producer decisions and interactions. It also introduces the students to decision-making under uncertainty and basic portfolio theory, market equilibrium and general equilibrium of the economy, monopolistic and oligopolistic competition among firms and other forms of strategic interaction studied in Game Theory. Additional issues are reviewed, including conditions for market efficiency, public goods, the effect of strategically used private information, market failures and their remedies, etc.

Textbook:

Intermediate Microeconomics: A Modern

Approach by Hal R. Varian.

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