Course Details
Country:
Malta
Institution:
University of Malta
Course Title:
Introductory Micro-Economics
Course Number:
ECN1011
Course Description:
The following topics will be covered:
1. Methodological introduction: using diagrams, with curve movements and shifts.
2. Theoretical introduction: the link between microeconomics and scarcity.
3. The price mechanism: demand, supply and market equilibrium.
4. Utility maximisation using cardinal and ordinal (indifference curves) approaches.
5. Costs of production in the short run and in the long run.
6. Theory of production using indifference curves.
7. Market structures: the concept of normal profit, marginal costs and marginal revenue.
8. Market structures: perfect competition.
9. Market structures: monopoly
10. Market structures: monopolistic competition.
11. Market structure: oligopoly.
12. Distribution theory with reference to marginal product analysis.
13. Public goods and externalities, with reference to environmental economics.
Language:
English
Approved Equivalent:
ECON 103
Attachment Files:
Study-Unit Description - Courses - L-Università ta' Malta.pdf
