Intermediate Microeconomics

Catalog description

This course examines and expands on the concepts introduced in ECON 23020 and introduces additional tools of economic analysis. Topics covered include partial equilibrium analysis using supply and demand, utility maximization, elasticity, welfare economics, and the behavior of competitive firms. The course also introduces theories of market failures such as monopoly, externalities, and public goods. Prerequisite: ECON 23020 ; ENGL 17000 with a C or better.