Intermediate Microeconomics with Calculus II
ECON203 is the second of two courses of a coordinated sequence of courses that introduces students to the three pillars of economic analysis (choice, scarcity, and coordination) and the mathematical techniques that economists use to represent these ideas (optimisation, equilibrium, and adding-up constraints). The sequence is largely devoted to "price theory", which is the analysis of the role that price play in facilitating coordination in a market economy. ECON203 looks at the coordination of consumer and firm choices through prices, including situations where such coordination may not result in desirable outcomes. It examines the role that imperfect information and strategic behaviour can play in determining economic outcomes.