Interm Microeconomics

Catalog description

Examines the manner in which producers, consumers, and resource owners acting through the market determine the prices and output of goods, the allocation of productive resources, and the functional distribution of incomes. The price system is seen as a network of interrelated decisions, with the market process serving to communicate information to decision makers. Prerequisites: Introduction to Microeconomics ( ECON-UA 2 ) and Mathematics for Economics II ( MATH-UA 132 Formerly numbered 212) or Calculus III ( MATH-UA 123 ).