UNIVERSITY OF CALGARY 
ECON357: Intermediate Economic Theory - Microeconomics II 
Comprehensive Revision Guide and Notes 2026 
 
Part A: About This Guide 
Part B: Sample Examination 
Part C: Suggested Solutions to Exam Paper 
Part D: Study Tips for Students 
 
The 24/7 Online Support You Deserve 
Need to reach out to us with questions or for help? You'll connect with a private tutor who is extremely passionate about the course, ready to provide assistance and ensure that you're on the right track to graduating. 
 
Looking for additional study resources? 
Find out about all the services and resources available for students at the University of Calgary

ECON357: Intermediate Economic Theory - Microeconomics II

$25.00

ACADEMIC YEAR 2025 - 2026

University	University of Calgary
Study Level	Undergraduate
Course Code	ECON357
Course Name	Intermediate Economic Theory - Microeconomics II
Notes Title	Comprehensive Revision Guide and Notes
Page Length	30

This guide helps you master the key examinable topics in ECON357: Intermediate Economic Theory - Microeconomics II (University of Calgary). Clear, step-by-step explanations and practical tips help you understand each topic quickly. Illustrations and worked examples show exactly how to apply the theory, so you can approach challenging questions with confidence. After reviewing your lecture materials, you can check your progress with a realistic sample exam, complete with solutions and full explanations.

ECON357: Intermediate Economic Theory - Microeconomics II delves into advanced topics such as intertemporal choice, decision-making under uncertainty, and general equilibrium theory. It covers welfare theorems, public and social choice theory, and market failures including imperfect competition, externalities, public goods, and informational asymmetries. Prerequisite: Economics 301. Note: Students cannot receive credit for both ECON357 and either ECON309 or ECON529.

✔ Key Areas of Focus:

Analyze market power with concepts like monopoly and price discrimination.
Explore different types of imperfect competition and game theory, including the Prisoner’s Dilemma and Nash equilibrium.
Apply general equilibrium theory to exchange economies and production.
Evaluate social welfare and economic equity using concepts like Bergson Social Welfare Functions and Arrow’s Impossibility Theorem.
Assess market failures related to externalities, including solutions like Pigouvian taxes and the Coase Theorem.
Examine public goods and issues related to free riders and optimality conditions.
Investigate market failures due to asymmetric information, including adverse selection and moral hazard.
Analyze government failure and its impact on public choice.

COURSE CODE	COURSE NAME
ACCT 217	Introductory Financial Accounting
ACCT 323	Introductory Managerial Accounting
ACCT 341	Intermediate Financial Accounting I
ACCT 343	Intermediate Financial Accounting II
ECON 201	Principles of Microeconomics
ECON 203	Principles of Macroeconomics
ECON 230	Microeconomic Theory
ECON 357	Intermediate Economic Theory Microeconomics II
ECON 395	Introduction to Econometrics
FNCE 317	Financial Management
FNCE 443	Security Analysis and Investments
FNCE 445	Futures and Options
FNCE 463	Portfolio Theory and Management
FNCE 467	Financial Risk Management
MKTG 317	Foundations of Marketing
OBHR 317	Organizational Behaviour
SGMA 395	Business Law for Strategic Decision-Makers
STAT 213	Introduction to Statistics I
STAT 217	Introduction to Statistics II
STAT 429	Linear Models and Their Applications
STAT 505	Time Series Analysis

MITCA.

Updated for 2026

ECON357: Intermediate Economic Theory - Microeconomics II

INFORMATION

COURSE DESCRIPTION

RELATED COURSES