Intermediate Microeconomics

Catalog description

This course focuses on the following topics: basic theory of consumer behavior; production and costs; partial equilibrium analysis of pricing in competitive and monopolistic markets; general equilibrium; welfare; and externalities. Knowledge of basic concepts is assumed, and new tools are developed to analyze individual decision making under constraints. Students will learn to solve and analyze consumer and firm maximization problems, imperfect competition models, and game theory fundamentals. Most of the topics will include theoretical derivations as well as real-life applications. This course is recommended for students planning to apply to graduate school in economics, accounting, or finance. Prerequisite: ECO 210 with a minimum grade of C-. Liberal Arts Core Designation: Social Science (SS), Depth in Sciences (DSCI)