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EC101: Introductory Microeconomics


Course Content

The aim of this course is to introduce students to microeconomic analysis, which is a particular way of looking at the world and trying to understand it. The course exposes students to standard microeconomic theory with a main focus on the development of an economic intuition, but also providing some economic tools to support this intuition along the way. The microeconomic mindset helps students thinking about issues that are relevant empirically and for policy.

Topics covered will include:

  • Consumer behaviour
  • Theory of the firm
  • Competitive market equilibrium
  • Monopoly
  • Factor markets
  • General equilibrium theory
  • Welfare economics

The course is aimed primarily at those who have not previously studied economics. It provides a foundation for further study in economics, but is sufficiently self-contained to provide grounding for those who do not intend to take the subject any further. The mathematical requirements of the course are minimal, since exposition of the material is based largely on diagrams and elementary algebra.


R. H. Frank, Microeconomics and Behaviour, (9th edition), McGraw-Hill (2014). [required]

H. R. Varian, Intermediate Microeconomics, (6th edition), Norton (2003). [recommended]

*A more detailed reading list will be supplied prior to the start of the programme

**Course content, faculty and dates may be subject to change without prior notice



Dates:   To be confirmed

Lecturer: Professor Ronny Razin
Dr Johannes Spinnewijn  

Level: 100 level

Fees: Click here for information

Prerequisites: Working knowledge of mathematics (i.e. elementary calculus)

Lectures: 36 hours 

Classes: 18 hours

Assessment*: Two written examinations

Typical credit**: 3 credits (US) 7.5 ECTS points (EU)

How to apply?

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*assessment is optional – see FAQs

**You will need to check with your home institution. Read more about credit transfer here.