ECC4650

Microeconomics

(BUS)

Dr Christis Tombazos

7 points + Two 1.5-hour lectures per week + First semester + Clayton

Synopsis: Topics include consumer preference theory; choice; demand; revealed preferences; the slutsky equation; technology; profit maximisation and duality; competitive general equilibrium in the context of decreasing, increasing and constant returns; two-part tariffs; expected utility; adverse selection; and moral hazard.

Assessment: Assignments (three): 30% + Examination (3 hours): 70%