Introductory Microeconomics

  • Summer schools
  • Department of Economics
  • Application code SS-EC101
  • Starting 2020
  • Short course: Open
  • Location: Houghton Street, London

UPDATE: Due to the global COVID-19 pandemic we will no longer be offering this course in summer 2020. Please check our latest news on this situation here.  

You can still register your interest in this course for 2021 using the ‘Sign up’ button to the right.  

This course seeks to introduce microeconomic analysis as a way of understanding the world. It exposes students to standard microeconomic theory with a focus on the development of economic intuition, whilst also providing certain economic tools that support this intuition along the way.

The microeconomic mind-set helps students thinking about issues that are relevant empirically and for policy.

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.

Session: One
Dates: 22 June – 10 July 2020
Lecturers: Professor Ronny Razin and Dr Pasquale Schiraldi

Session: Three
Dates: 3 August – 21 August 2020
Lecturers: Dr Pasquale Schiraldi and Dr John Morrow 

(Due to popularity, this course is repeated and can be taken in either of the sessions outlined above.)


Programme details

Key facts

Level: 100 level. Read more information on levels in our FAQs

Fees:  Please see Fees and payments

Lectures: 36 hours 

Classes: 18 hours

Assessment*: Two written examinations

Typical credit**: 3-4 credits (US) 7.5 ECTS points (EU)

*Assessment is optional

**You will need to check with your home institution

For more information on exams and credit, read Teaching and assessment


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

Programme structure

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

Course outcomes

One of the key outcomes of this course will be discovering when abstract models are useful and when they are not.  You will participate in class-based exercises that will enhance your understanding of these models through active engagement, rather than just passive reading or listening.


The LSE Department of Economics is one of the biggest and best in the world, with expertise across the full spectrum of mainstream economics. A long-standing commitment to remaining at the cutting edge of developments in the field has ensured the lasting impact of its work on the discipline as a whole. Almost every major intellectual development within Economics over the past fifty years has had input from members of the department, which counts ten Nobel Prize winners among its current and former staff and students. Alumni are employed in a wide range of national and international organisations, in government, international institutions, business and finance.

The Department of Economics is a leading research department, consistently ranked in the top 20 economics departments worldwide. This is reflected in the 2014 Research Assessment Exercise which recognised the Department's outstanding contribution to the field. According to the REF 2014 results, 56 per cent of the Department’s research output was graded 4 star (the highest category), indicating that it is 'world-leading'. A further 33 per cent was designated 'internationally excellent' (3 star).

 On this three week intensive programme, you will engage with and learn from full-time lecturers from the LSE’s economics faculty.

Reading materials

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

H. R. Varian, Intermediate Microeconomics, (9th edition), Norton (2014). [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

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How to Apply

Related Programmes

Analysis and Management of Financial Risk

Code(s) SS-FM202

Introductory Macroeconomics

Code(s) SS-EC102

Introduction to Behavioural Economics

Code(s) SS-EC200

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