Korea University

Course Description

  • Course Name


  • Host University

    Korea University

  • Location

    Seoul, South Korea

  • Area of Study


  • Language Level

    Taught In English

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    Microeconomics is the study of the allocation of scarce resources.

    Economic agents should make their own allocation decisions. These decisions will interact with one another and result in an allocation of a society. Therefore, the aim of this unit is to 1) understand how these agents make their allocation decisions, and 2) how these decisions interact and result in a social outcome. This is an intermediate level microeconomics course, which builds on the material presented at first year level. Although rigorous, the use of mathematical techniques will be minimized and mathematical derivation will be presented as an appendix. However, it can be helpful to know mathematical skills covered in the introductory Microeconomics or Math for Economists. It is also recommended that students be equipped with necessary mathematical skills for the more advanced courses.

    As well as providing a foundation for more advanced training in microeconomics, the content of this course provides useful skills not only for future managers, but for the layperson seeking to comprehend intelligent media comments on various economic issues.

    Recommended/required text(s)
    Each student should have access to a copy of the following text:
    Perloff, JM 2011, Microeconomics with Calculus, 2ndedn, Pearson, Boston, US.
    If you want a textbook with less mathematics involved, you can consult the following:
    Perloff, JM 2011, Microeconomics, 6th edn, Pearson, Boston, US.
    As microeconomics texts are very similar in their contents, any textbook will be helpful.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.