Course Details in 2024/25 Session

Module Title	LI Intermediate Microeconomics
School	Mathematics
Department	Mathematics
Module Code	06 31315
Module Lead	Yin Jing
Level	Intermediate Level
Credits	10
Semester	Semester 2
Pre-requisites
Co-requisites
Restrictions	Available only to students on the JI dual degree pro-grammes
Exclusions
Description	This module is built on the principles of economics learnt in Introduction to Microeconomics. It is an inquiry to the most fundamental concepts, principles, analyti-cal methods and tools useful for microeconomics. The module includes following parts: 1. Consumer theory; 2. the theory of producer behaviour; 3. market theory including perfect competitive product market and imperfect competitive product market; 4. Factor demand theory; 5. General equilibrium analysis; 6. potential causes of market failure. Students benefit from both theoretical development and analytical work on real life issues.
Learning Outcomes	By the end of the module students should be able to: Understand microeconomics basic concepts and basic principles. Understand consumer theory and firm behaviour theory. Analyse the dynamics of market equilibrium using general equilibrium analysis. Use economic models to observe and analyse economics problems, such as market failure and income distribution. Applying mathematic tools to illustrate and analyse the principles of microeconomics.
Assessment
Assessment Methods & Exceptions	Assesment: Written individual assignments (10%) Quizzes (10%) Group projects/ group assignments (10%): a maximum 2500 word report Final exam (70%): a 2 hour examination Reassessment (where allowed): a 2 hour resit examination (100%).
Other
Reading List