Intermediate Micro-Economics

Catalog description

Optimal decision-making on the level of individual economic units; consumer and producer. Topics include rational consumer choice, in-depth indifference curve analysis, price consumption curve, Engel curve, Giffen good, price and income elasticity of demand, consumer surplus, inter-temporal choice model, information and consumer decision making, altruism, cognitive limitations and consumer behavior. Producer decision-making, costs, perfect competition, imperfect competition, game theory and oligopoly.