Intermediate Microeconomics

Catalog description

This course builds on the Principles of Economics course. It focuses on the following topics: theory of the consumer, theory of the producer, perfectly competitive market equilibrium, imperfect competition, and market failures due to asymmetric information such as adverse selection and moral hazard. (Lecture, 3 hours; Recitation, 1 hour). Prerequisites: ( 21-269 or 21-256 or 21-259 or 21-268 or 21-254 ) and ( 73-104 or 73-102 or 73-100)