Intermediate Microeconomics

Catalog description

This course examines the behavior and decision-making of individual economic agents (firms and households), as well as how they interact and produce economic outcomes. The first part focuses on developing models of individual or business choices: how consumers choose the quantity of products to demand and what influences this choice, and how firms pursue production and pricing strategies designed to maximize profits. The second part builds models of equilibrium: how buyers and sellers interact to produce economic outcomes. This course is designed to sharpen students’ analytical skills and their ability to frame and evaluate economic issues. Offered fall semester only. Prerequisite(s): ECON 217 Corequisite(s): None