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    ECON A831F
    Applied Microeconomics Analysis
    ECON A831F
    Applied Microeconomics Analysis

    Course Coordinator: Dr Ma Yiu Chung, BSocSc, MPhil (LU), PhD (LU)

    Important notes

    This course will be taught via face-to-face mode. Lectures will be scheduled on weekday evenings. This is a core course for the Master of Social Sciences in International Economics and Development. The course provides a comprehensive and in-depth analysis of the modern microeconomic theory of economic choices made by individual consumers and firms. It also covers the theories of partial equilibrium, general equilibrium, welfare economics, the economics of uncertainty and game theory. Student will gain in-depth insights into economic theories on the utilisation and allocation of resources, including labour and capital; and will investigate and compare different markets and their interrelationship with the government.

    This course aims to examine the behaviour of individuals, households and firms, and their interactions, and develop students’ skills in analysing microeconomic problems and theories. Students will learn about recent developments and controversies in microeconomics and develop their mathematical and analytical skills. Students will also be able to further their critical evaluation and appraisal skills in the context of microeconomic theory.


    • Preferences, utility maximization and choice

    • Income and substitution effects

    • Demand Rrelationships among goods

    • Market mechanisms

    • Production and costs functions

    • Profit maximization

    • The partial equilibrium competitive model

    • General equilibrium and welfare

    • Monopoly

    • Imperfect competition

    • Game theory

    • The labour market

    • Adverse selection, signaling and screening

    • Externalities and public goods

    • Behavioural economics

    Contact hours
    Normally three hours per week.

    There will be one assignment, one midterm test and one term paper which are worth 20%, 20% and 10% of the course score respectively.The final examination will account for the remaining 50% of the total course score. Students are required to submit assignments via the Online Learning Environment (OLE).

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