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ECO 301 Intermediate Microeconomic Theory I

300 levelSocial Sciences10 topics

ECO 301 covers 10 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

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Course outline

The topics this course covers, in teaching order.

  1. Theory of consumer behaviour
  2. Cardinal and ordinal utility analysis
  3. Indifference curve analysis
  4. Revealed preference theory
  5. Income and substitution effects
  6. Theory of demand and elasticity
  7. Theory of production
  8. Cost curves in the short and long run
  9. Price and output determination under perfect competition
  10. Price and output under monopoly

A sample from this course

One topic, as StudyPath teaches it.

Theory of consumer behaviour

The theory of consumer behaviour explains how a consumer chooses among different bundles of goods under limited income. For exam purposes, you must master preferences, utility, indifference curves, budget constraints, and consumer equilibrium because they form the foundation for demand analysis in microeconomics.

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