Intermediate Microeconomics

Catalog description

Theoretical treatment of consumer and producer behavior. Analysis of demand, production, cost, product and factor markets leading to general equilibrium and welfare implications. Emphasis is upon the development of skills necessary to analyze the behavior of individual economic agents. Typically offered Fall Spring. Prerequisite(s): ECON 25200 FOR LEVEL UG WITH MIN. GRADE OF C AND ECON 25100 FOR LEVEL UG WITH MIN. GRADE OF C AND MA 15910 FOR LEVEL UG WITH MIN. GRADE OF C Course Learning Outcomes 1. Model decision-making of individuals and businesses. 2. Solve optimization problems related to decision-making. 3. Model the interaction of demand and supply in the market place. 4. Apply microeconomic principles to socioeconomic issues such as education, health care, and insurance. 5. Evaluate public policy initiatives in the context of rational decision-making. 6. Model decision-making under uncertainty and asymmetric information. View Class Schedule