Course Overview

Microeconomic analysis forms the foundation for understanding market behaviour, evaluating policy impacts, and supporting strategic decision-making. Without strong analytical capability, organisations and policymakers may face limitations in forecasting accuracy and in evaluating economic interventions effectively.

The Microeconomic Analysis & Economic Models Development course by Transformentors Academy equips participants with practical analytical tools and techniques covering consumer behaviour analysis, market modelling, game theory applications, and econometric forecasting. Over five focused days, the programme develops both conceptual understanding and hands-on modelling skills.

With a strong emphasis on applied economic analysis in real-world business and policy environments, participants learn how to build, interpret, and apply economic models effectively. By the end of the programme, they will be able to construct robust analytical frameworks and support evidence-based decision-making across organisational and policy contexts.

Agenda

Day — 1 Introduction to Microeconomic Analysis

• Understanding key microeconomic principles and their role in analysing economic decision-making and resource allocation
• Explaining how market mechanisms allocate resources through interactions of demand and supply
• Discussing the concept of market equilibrium, including how it is reached and its key characteristics
• Exploring consumer choice theory and its foundational models, including:
  • Utility maximisation and budget constraints
  • Indifference curves and the Marginal Rate of Substitution (MRS)
  • Comparative statics in consumer decision-making
• Examining real-world applications of consumer theory across different economic and business contexts
• Exercise: Apply utility-based models to analyse and interpret real consumer decision-making scenarios

Day — 2 Production and Cost Analysis

• Understanding the production function and how inputs are transformed into outputs in firm behaviour
• Comparing short-run and long-run cost structures and their implications for business decision-making
• Analysing perfectly competitive markets and how firms determine supply under competitive conditions
• Exploring profit maximisation strategies under different market structures and constraints
• Understanding the economic logic behind marginal cost and economies of scale in production
• Exercise: Construct cost curves and determine optimal and efficient levels of production for a firm

Day — 3 Market Structures and Economic Models

• Comparing key characteristics and outcomes of different market structures, including:
  • Perfect competition
  • Monopoly
  • Oligopoly
• Exploring game theory applications in oligopolistic markets to understand strategic firm behaviour
• Developing guidelines for modelling market dynamics and interactions using demand and supply-based instruments
• Analysing how market power influences pricing strategies and overall economic welfare
• Examining the impact of different market structures on innovation, efficiency, and consumer surplus
• Exercise: Simulate pricing and output decisions across different market structures to understand firm behaviour and market outcomes

Day — 4 Policy Analysis and Economic Forecasting

• Exploring key microeconomic policy instruments and their impact on markets, firms, and consumer behaviour
• Developing structured guidelines for building economic models for policy evaluation and decision-making
• Applying econometric techniques to forecast key microeconomic variables and relationships
• Understanding the benefits and practical applications of economic models in supporting policy formulation and evaluation
• Assessing model reliability by examining performance metrics, assumptions, and limitations
• Exercise: Design and implement a microeconomic policy model using real-world data to evaluate policy outcomes

Day — 5 Advanced Topics in Economic Modeling

• Understanding the importance of incorporating uncertainty and risk into economic models for more realistic decision-making
• Exploring dynamic models and time-series analysis for multi-period forecasting and economic behaviour over time
• Discussing current challenges in economic modelling and emerging directions shaping future developments in the field
• Presenting and evaluating final economic model proposals developed during the course
• Course Evaluation and Key Takeaways summarising learning outcomes and practical applications

Learning Outcomes

By attending the Microeconomic Analysis and Economic Models Development training course, participants will be able to:

• Understand core microeconomic principles and theories, including scarcity, opportunity cost, utility, and market equilibrium
• Analyse consumer behaviour and market demand using mathematical models to understand decision-making under constraints
• Evaluate different market structures, such as perfect competition, monopoly, and oligopoly, and their implications for pricing, output, and welfare
• Apply game theory and strategic analysis to real-world business scenarios, including competition, pricing strategies, and market entry decisions
• Design and implement microeconomic models for forecasting, analysis, and policy evaluation
• Use econometric and forecasting tools to estimate relationships and predict trends in key microeconomic variables

Who Should Attend

The Microeconomic Analysis & Economic Models Development course is suitable for professionals involved in economic analysis, modelling, and policy planning, including:

• Economists and policy analysts
• Business and financial analysts
• Government officials and public-sector professionals
• Academic researchers and lecturers
• Strategic planning professionals
• Market analysts