Intermediate Microeconomics ((4 Credits))

Catalog description

Microeconomics is the study of rational choice behavior on the part of individual consumers and firms. Intermediate microeconomics builds up on students’ knowledge gained at the introductory level and explores more advanced theoretical issues including supply and demand interaction, utility maximization, profit maximization, elasticity, labor markets, externalities, public goods, perfect competition, monopoly power, imperfect competition, and game theory. Policy applications and business strategies are discussed. The course satisfies economics skills in BME guidelines. Prerequisites: Microeconomics ( ECON 2020 ).