Ready to study smarter?
Try nowNo credit card required - Join 40,000+ students
Microeconomics L2 study sheets: consumer and producer theory, market equilibrium, imperfect competition, game theory, asymmetric information.
Microeconomics L2 deepens the L1 toolkit and brings in imperfect competition, game theory and the economics of information. Consumer theory builds on utility maximisation under budget constraint, the Slutsky decomposition, and own/cross-price/income elasticities. Producer theory revisits Cobb-Douglas, returns to scale, marginal vs. average costs, and profit maximisation (MR = MC). Imperfect competition contrasts the monopoly, the Cournot/Bertrand/Stackelberg oligopolies and monopolistic competition. Game theory introduces the Nash equilibrium, the prisoner's dilemma, and repeated games. Information economics covers adverse selection (Akerlof), moral hazard, signalling and screening.
EduFiche turns your microeconomics handouts into structured study sheets in 30 seconds.