Presents an analytic approach to intermediate microeconomics. The emphasis is on the fundamental conceptual foundations of microeconomics, illustrating their application with concrete examples.
The paper presents an analytic approach to intermediate microeconomics and emphasises the fundamental conceptual foundations. The paper aims to demonstrate how microeconomics can be used to explain and predict household and firm behaviour and to demonstrate the effect of government policy on household and firm decision making. The paper formalises and extends the basic concepts of microeconomics that you were introduced to in your introductory economics papers by using calculus and optimisation as well as graphical illustrations. During the paper you will develop problem-solving skills, reinforcing your understanding of both microeconomic and mathematical concepts.
| Paper title | Intermediate Microeconomic Theory |
|---|---|
| Paper code | ECON271 |
| Subject | Economics |
| EFTS | 0.15 |
| Points | 18 points |
| Teaching period | Semester 1 (On campus) |
| Domestic Tuition Fees (NZD) | $912.00 |
| International Tuition Fees | Tuition Fees for international students are elsewhere on this website. |
- Prerequisite
- (BSNS 104 or BSNS 113) and one of FINC 102, FINQ 102, MATH 130, MATH 140
- Schedule C
- Arts and Music, Commerce, Science
- Eligibility
- ECON 271 is recommended for economics majors who want to develop a deeper understanding
of microeconomic models. It requires a working knowledge of basic algebra and calculus.
It is also one of the required papers that students intending to proceed to postgraduate
programmes (Honours, MEcon, MBus, PGDip) in economics must include in their Bachelor's
degree programme.
Enrolments for this paper require departmental permission.
View more information about departmental permission. - Contact
- economics@otago.ac.nz
- More information link
- View more information about ECON 271
- Teaching staff
- Textbooks
Thomas J. Nechyba, Microeconomics: An Intuitive Approach with Calculus (South-Western,1st or 2nd edition in 2011/2016).
- Graduate Attributes Emphasised
- Global perspective, Interdisciplinary perspective, Scholarship, Communication, Critical
thinking, Information literacy, Research, Self-motivation, Teamwork.
View more information about Otago's graduate attributes. - Learning Outcomes
Students who successfully complete this paper should have gained an understanding of the techniques of analysis appropriate to intermediate microeconomics and have enhanced their ability to reason logically and accurately.
You will also be able to:
- Translate economic ideas into equations or numerical examples
- Calculate quantitative answers to economic problems
- Recognise that economic arguments are simpler with a little maths
- Appreciate how standard economic techniques can offer insights into various economic issues
