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EET 100 Economics

EET 100 • Microeconomic Theory I

Canonical syllabus units, structured theorems, lecture notes, and past examination problems.

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Syllabus Units

Curriculum outline, core theorems, and revision problems.
5 Topics
Unit 01

Introduction

Syllabus coverage and foundational theorems for Introduction

Meaning of economics Scarcity and choice The concept of opportunity cost Scope of economics Economic methodology Distinction between microeconomics and macroeconomics
14 Verified Questions Study Topic →
Unit 02

The price theory

Syllabus coverage and foundational theorems for The price theory

Theory of demand Theory of supply The concept of equilibrium Application of price theory
16 Verified Questions Study Topic →
Unit 03

Theory of the consumer

Syllabus coverage and foundational theorems for Theory of the consumer

The cardinal utility theory The ordinal/indifference curve theory Substitution and income effects Revealed preference hypothesis The consumer surplus Derivation of a household’s demand curve
7 Verified Questions Study Topic →
Unit 05

Market structures

Syllabus coverage and foundational theorems for Market structures

Perfect/pure competition Monopoly Monopolistic competition Oligopoly
11 Verified Questions Study Topic →