This module builds on learning gained in Intermediate Microeconomics 1 (ECON220), developing on the theories and concepts covered as well as focusing on a range of new topics.
Topics include:
analysis of monopoly behaviour and regulation
price and quantity setting in duopoly markets
introduction to game theory and strategic behaviour by firms
auctions (including a study of eBay)
general equilibrium and welfare economics
The module is normally taken in conjunction with ECON220.