ECON 345Intermediate Microeconomics

Catalog

Microeconomics provides the foundation for logical and disciplined reasoning in virtually every aspect of economics. A rigorous introduction to the behavior of buyers and producers and their interaction in the market, course covers theories of rational choice, principles of production, and the economic costs of production. Attention devoted to the nature of competitive and monopoly markets and to markets for factors of production. In each area, emphasizes the principles of economic efficiency and the concept of economic welfare. Prerequisites: ECON 102; MATH 134 or higher. Offered alternate years.