This course is designed for students from a non-economics background who are thinking of applying for a postgraduate programme such as the M. Sc. (Health Economics or MSc (Global Environmental Economics) at NUI Galway that requires applicants to have taken a preparatory course in microeconomics.
Entry Requirement: An honours degree (2-2 or better) in any discipline.
Application Deadline: 18 Mar

This is an intermediate Microeconomics course.  The course will start with an introduction to the theory of consumer choice which explains how individuals choose what to consume given their income, prices and preferences. This theory will be used to explain why demand curves are downward sloping and to explain the income and substitution effect of a price change. You will also learn how consumer choice theory can be used to answer a range of interesting questions such as should consumers receive a per unit subsidy or a lump sum? Which would make the consumer better off? The next section of the course will deal with producer theory. You will learn how firms make production decisions in the short run and in the long run before reviewing the two main types of market structures, perfect competition and monopoly. This will be followed by a more in-depth analysis of monopoly pricing and price discrimination. You will then be introduced to imperfect competition. You will learn about monopolistic competition, oligopoly and cartel models, and how firms make their production decisions under these market structures. You will also learn about wages, rent, interest and profit and finally, you will be introduced to Game Theory. 

Fee: €370 Non-EU: €425

Contact Information | 091 495786 

Please select Undergrad CPD in Business - CPB8 when making your online application.


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