Historical snapshot — AY2020/2021 Semester 1 · View current offering →

Microeconomic Principles

AY2020/2021 Semester 1

This course gives students a basic grasp of economic theory as well as the ability to apply economic principles to real-world problems. The course addresses the decision-making of small economic units - consumers, firms and markets. Topics covered include cost-benefit principles, opportunity cost, laws and elasticity of demand and supply, utility maximization, the concept of the margin, indifference curves, profit maximization, market equilibrium and efficiency, market structure, market failure, public choice, externalities and property rights, the economics of public policy and of public goods.

AUs	3.0 AUs
Categories	Core
Mutually Exclusive With	AB0901, HE9091
Exam

Available Indexes

	Mon		Tue
930	COMMON LEC (LEC1) 0930-1130 Mon ONLINE		19505 TUT (T5) 0930-1030 Tue LHS-TR+38, ONLINE Wk4-13, Teaching Wk2,3	19505 TUT (T5) 0930-1030 Tue LHS-TR+38, ONLINE Wk4-13, Teaching Wk2,3
1000
1030			19506 TUT (T6) 1030-1130 Tue LHS-TR+38, ONLINE Wk4-13, Teaching Wk2,3	19506 TUT (T6) 1030-1130 Tue LHS-TR+38, ONLINE Wk4-13, Teaching Wk2,3
1100
1130
1200
1230	19501 TUT (T1) 1230-1330 Mon LHS-TR+38, ONLINE Wk4-13, Teaching Wk2,3	19501 TUT (T1) 1230-1330 Mon LHS-TR+38, ONLINE Wk4-13, Teaching Wk2,3	19508 TUT (T8) 1230-1330 Tue LHS-TR+38, ONLINE Wk4-13, Teaching Wk2,3	19508 TUT (T8) 1230-1330 Tue LHS-TR+38, ONLINE Wk4-13, Teaching Wk2,3
1300
1330	19502 TUT (T2) 1330-1430 Mon LHS-TR+38, ONLINE Wk4-13, Teaching Wk2,3	19502 TUT (T2) 1330-1430 Mon LHS-TR+38, ONLINE Wk4-13, Teaching Wk2,3
1400
1430	19503 TUT (T3) 1430-1530 Mon LHS-TR+38, ONLINE Wk4-13, Teaching Wk2,3	19503 TUT (T3) 1430-1530 Mon LHS-TR+38, ONLINE Wk4-13, Teaching Wk2,3
1500
1530	19504 TUT (T4) 1530-1630 Mon LHS-TR+38, ONLINE Wk4-13, Teaching Wk2,3	19504 TUT (T4) 1530-1630 Mon LHS-TR+38, ONLINE Wk4-13, Teaching Wk2,3
1600