ECO4007F - Microeconomics

16 credits at NQF level 8

Entry Requirements:

At least 40% for ECO4112F.

Course Outline:

This is a course about the dynamic interplay of behaviour and institutions, and the outcomes produced through their interaction. The course focuses on how social interactions can be structured such that people are free to choose their own actions while avoiding outcomes that none would have chosen. Key concepts covered included positive feedbacks and strategic complementarities, behavioural foundations of choice, and institutional responses in light of co-ordination failures.