Microeconomic Concepts

Catalog description

(formerly Advanced Microeconomic Themes) This course applies the tools of microeconomics to a variety of issues that arise when consumers, firms and governments make choices. The course examines market failures that occur because of industry structure, externalities and asymmetric information. It also focuses on the welfare effects of policies such as the minimum wage, health care and taxes. The course uses real-world case studies and a problem-solving approach to motivate and illustrate economic theory.