As a core course of economics, intermediate microeconomics is aimed at introducing the basic concepts and tools of economics to the students. It is hoped to cultivate your economic intuition and ability to analyze economic problems in reality. Intermediate microeconomics is also a pre-course for many other courses in economics and management.

In this course, both economic theories and mathematical tools will be introduced to you in plain language. At the same time, case study will also be provided to illustrate how to apply economic theories to solve practical problems. The main contents of this course include consumer theory, producer theory, market mechanism, perfect competition market, monopoly market, oligopoly market, etc.

After completing the course, students should be able to: 

• master the theoretical framework for the analysis of the behavior of consumers and producers;

• describe the functions of markets and their limitations in the allocation of economic resources;

• apply economic theories in the management of firms; and

• apply economic theories to evaluate the effectiveness of government policies. 

Calculus; Principle of economics

• Varian, Hal R., Intermediate Microeconomics: A Modern Approach, 8th Edition, W. W. Norton & Co., 2009.

• Nicholson, Walter, & Christopher M. Snyder, Intermediate Microeconomics and Its Application, 11th edition, Cengage Learning, 2009.