Economics (ECON) 367

Intermediate Microeconomics II (Revision 1)

ECON 367 course cover

Delivery Mode: Individualized study online or grouped study** (check locations) - both options with eTextbook

Credits: 3

Area of Study: Social Science

**Note: ECON 367 can also be used as Applied Studies (Business and Administrative Studies) by credential students only.

Prerequisite: ECON 357: Intermediate Microeconomics I (or equivalent)

Faculty: Faculty of Business

ECON 367 has a Challenge for Credit option.

Sample Course Pages

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**Note: Students registering in grouped study mode are advised that there may be some differences in the evaluation and course materials information indicated below. To obtain the most up-to-date information, contact the Faculty of Business Student Support Centre at 1-800-468-6531.


ECON 367 (Intermediate Microeconomics II) helps you develop a deeper understanding of the principles you learned about in introductory microeconomics, as well as new principles and applications that you did not encounter in Intermediate Microeconomics I. Intermediate microeconomics courses are the most important courses for a student majoring in economics. Since intermediate microeconomics is relevant to managerial decision-making and public policy analysis, it is vitally important to those who want to study the applied fields of economics or business. Even for general citizens, the topics covered in this course are important tools for understanding day-to-day economic conditions as reported in mass media.

Intermediate microeconomics is generally taught in a sequence of two courses. The first course (Intermediate Microeconomics I: ECON 357) focuses on consumer and producer theories in competitive markets. It also includes some discussion of government intervention in competitive market scenarios, especially taxes and subsidies. This second course (Intermediate Microeconomics II: ECON 367) has a wider scope, including non-competitive market models, market failures, risk and uncertainty, and general equilibrium analysis.


  • Lesson 1: Monopolistic Competition and Oligopoly
  • Lesson 2: Game Theory and Competitive Strategy
  • Lesson 3: Markets for Factor Inputs
  • Lesson 4: Uncertainty and Consumer Behaviour
  • Lesson 5: Investment, Time, and Capital Markets
  • Lesson 6: General Equilibrium and Economic Efficiency
  • Lesson 7: Markets with Asymmetric Information
  • Lesson 8: Externalities and Public Goods


To receive credit for ECON 367, you must receive a grade of “D” (50 percent) or better on the Final Examination, and achieve an overall grade of at least “D” (50%) for the entire course. Your final grade is determined by a weighted average of the grades you receive on the activities listed below. The weightings for each of these activities are as follows:

Quizzes (4 @ 5% each) Assignment 1 Assignment 2 Final Exam Total
20% 15% 15% 50% 100%

To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.

**Note: Students planning to transfer this course to a Professional Accounting designation (i.e., CMA, CGA, CA) are advised that they will be required to achieve a grade higher than the minimum passing grade. See the Professional Accounting Designation website for details.

Course Materials


Registration in this course includes electronic textbooks. For more information on electronic textbooks, please refer to the eText Initiative site.

Pindyck, R. S., & Rubinfeld, D. L. (2013). Microeconomics (8th ed.). Upper Saddle River, NJ: Pearson Education, Inc. ISBN 9780132857123

Hamilton, J., & Suslow, V. (2013). Study Guide - Microeconomics (8th ed.). Upper Saddle River, NJ: Pearson Education, Inc. ISBN 0132870495

A print version of the eTexts can be purchased from the publisher through a direct-to-student link provided in the course website; you can also acquire the textbooks on your own if you wish.

Other Resources

All other learning resources will be available online.

Challenge for Credit Course Overview

The Challenge for Credit process allows students to demonstrate that they have acquired a command of the general subject matter, knowledge, intellectual and/or other skills that would normally be found in a university level course.

Full information for the Challenge for Credit can be found in the Undergraduate Calendar.

Challenge Evaluation

To receive credit for the ECON 367 challenge registration, you must achieve a grade of at least “D” (50 percent) on the examination.

Paper Exam (3 hours)

Undergraduate Challenge for Credit Course Registration Form

Current Grouped Study Locations

Athabasca University reserves the right to amend course outlines occasionally and without notice. Courses offered by other delivery methods may vary from their individualized-study counterparts.

Opened in Revision 1, January 14, 2016.

Updated May 10 2016 by Student & Academic Services