INTERMEDIATE MICROECONOMIC ANALYSIS

Catalog description

This is an intermediate level course in microeconomic theory and its application. Students utilize economic models to understand consumer and firm behavior under different market structures using price-based partial and general-equilibrium analysis. Students model consumer preferences and decision-making, as well as the pricing of products and factors of production by firms. In addition, students analyze changes in the distribution of income in society resulting from government intervention and market structure. PREREQ: ECON 202 AND ((COBE MAJOR: 2.50 CUMULATIVE GPA) OR (NON-COBE MAJOR/MINOR/COBE MINOR: 60 CREDITS AND 2.00 CUMULATIVE GPA))