UNIVERSITY OF GUELPH 
ECON*3710: Advanced Microeconomics 
Comprehensive Revision Guide and Notes 2026 
 
Part 01: About This Guide 
Part 02: Sample Examination 
Part 03: Suggested Solutions to Exam Paper 
Part 04: Study Tips for Students 
 
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University of Guelph - ECON*3710: Advanced Microeconomics (Solutions)

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ACADEMIC YEAR 2025 - 2026

University	University of Guelph
Study Level	Undergraduate
Course Code	ECON*3710
Course Name	Advanced Microeconomics
Notes Title	Comprehensive Revision Guide and Notes
Page Length	30

A comprehensive and easy-to-understand set of notes covering all lecture content and examinable topics for ECON*3710: Advanced Microeconomics at the University of Guelph. These color-coded and well-organized notes provide vital information on the exam format, what will be on the exam, and key concepts to focus on during your studies. Concepts and principles are explained in detail, not just mentioned in passing. Use these notes as a reference to deepen your understanding and improve your exam performance.

This course provides an in-depth mathematical treatment of consumer and producer theory, theory of the firm, game theory, general equilibrium, and welfare economics. The course material offers a basic background in microeconomics that is extremely useful in 4th year economics courses. It also provides you with the ability to understand the issues involved in allocating resources in society and allows you to appreciate the complexity of those issues.

Prerequisites:

ECON*2310
ECON*2770 or MATH*1210 (Note: A grade average of 70% or higher in these courses is recommended)

Key Areas of Focus:

Understand and apply consumer theory to analyze consumer behavior.
Explain and use producer theory in economic models.
Analyze the theory of the firm and its decision-making processes.
Evaluate decisions under uncertainty using appropriate models.
Use game theory to study strategic interactions between agents.
Analyze market structures, focusing on oligopoly.
Understand and assess general equilibrium in the economy.
Evaluate economic policies through welfare economics.
Analyze how information impacts economic decisions in the economics of information.

COURSE CODE	COURSE NAME
ACCT*1220	Introductory Financial Accounting
ACCT*1240	Applied Financial Accounting
ACCT*2230	Management Accounting
ACCT*3340	Intermediate Financial Accounting II
ACCT*3350	Taxation
ECON*1050	Introductory Microeconomics
ECON*1100	Introductory Macroeconomics
ECON*2310	Intermediate Microeconomics
ECON*2740	Economic Statistics
ECON*3740	Introduction to Econometrics
FIN*2000	Introduction to Finance
FIN*3000	Investments
FIN*3100	Corporate Finance
FIN*3200	Fundamentals of Derivatives
FIN*3500	Money, Credit, and the Financial System
HROB*2090	Individuals and Groups in Organizations
MCS*1000	Introductory Marketing
MCS*3040	Business and Consumer Law
STAT*2040	Statistics I
STAT*2060	Statistics for Business Decisions
STAT*4360	Applied Time Series Analysis

MITCA

MITCA

Updated for 2026

University of Guelph - ECON*3710: Advanced Microeconomics (Solutions)

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