ECC2000 Intermediate microeconomics

When you finish this unit, you should be able to:

1. 1

   understand how markets work, and how prices work to allocate resources

2. 2

   understand the basic principles of how people make economic decisions, how they interact economically, and how the economy as a whole works

3. 3

   understand the role of public policy, and the constraints on its operation, when markets fail

4. 4

   understand how firms are organised and make decisions

5. 5

   have developed learning skills and begun to acquire the techniques of thinking like an economist

6. 6

   have sufficient grounding to attempt advanced studies in microeconomics in subsequent years.