View how EC2003 is offered in 2004
(Also shows pre-requisites and inadmissible combinations if applicable)
EC2003:03
Microeconomics 2B
Theory of the firm; production functions and costs in the short- and long-term; firm's behaviour in different market situations. Distribution theory and welfare.
the objective of the Ec2002 /2003 subjects (which together form a full-year microeconomics theory course) is to provide a thorough analysis of the theory of the marketsystem and the operation of supply and demand in determining the activities of individual economic units (consumers, firms and factors of production). This allows the actual performance of the economy (which is analysed in later applied microeconomic units) to be compared with the expected performance based on price theory, so that the differences between the two may lead to proposals for improving the economy's performance.