EC 306 - Intermediate Microeconomics

Semester Hour(s): 3
Semester(s) Offered: Fall odd years
Pre-Requisite(s): EC 202
The purpose of the course is to enhance the understanding of the introductory concepts learned in The Principles of Microeconomics (EC 202). Microeconomic theory provides the framework required for a rigorous analysis of how individual consumers and producers make decisions, how competition takes place via the market and how the market allocates resources. It will aim at an in-depth study of the consumer behavior and implications of different market structures such as perfect competition, monopoly and oligopoly for pricing behavior and social welfare.