ECO2003 Microeconomics II

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This document contains the full lecture notes for the ECO2003F course at the University of Cape Town (UCT) as of 2023. The notes cover all the modules covered in the course.

Summary of lecture notes and textbook

Summary of lecture notes and textbook from weeks 1-6

Summary of content combined with lecture notes

This document clearly and intuitively explains the production theory of a firm in both cases of short run and long run. It also expands on the mathematical approach of how firms strategize their production for the best maximizing profit strategy. It is an easy and followable document.

Lecture notes from 2022's ECO2003F course at UCT.

These notes cover Production, Costs, Perfect Competition, Monopolies, Oligopolies and Market Failure. The notes are based on CORE: The Economy & Principles of Economics Textbooks. They include graphs, tables and diagrams that summarise all the content. They also provide formulas and examples of calculations.

Detailed and understandable summary on Inequality. Packed with graphs and colourful hints. Contains: - How to calculate and the differences between wealth, earnings, market income and disposable income - World inequality theory - Intergenerational inequality - The inequality curve model, with all possible points explained and types of inequality aversion.

Detailed and understandable summary on Property and Power. Packed with graphs and colourful hints. Contains: - *Review on first year economics (production functions, MRS, MRT, indifference curves) - Pareto efficiency - Types of fairness - *Detailed breakdown of model of choice and conflict, with every scenario included - Lagrangian method of optimisation.