ECO2003P - Microeconomics II
18 credits at NQF level 6
ECO1010 and MAM1010 (or an equivalent). Students who wish to register for this course need to have failed the course previously or have been denied entry because they now meet the Mathematics requirements but previously did not. Alternatively, they need to prove that by registering for the course it would allow them to finish their degree at least 6 months earlier than had they not done the summer term course. Students may not register for both ECO2003P and ECO2004P simultaneously. To register for this course, permission is required from the School of Economics
The course formalises consumer and producer optimisation, and explores markets under perfect and imperfect competition. The course introduces the concept of uncertainty and how different agents respond to uncertainty. The course also considers industrial organisation, looking at models that relax the critical assumptions of perfect competition. All sections of the course incorporate applications.