>> Course Descriptions

Term Subject Catalog # Title Credits / Units
Summer 2020 ECON 021 Intermediate Microeconomics 4 cr.
Class Session Time Syllabus
1 5-week summer Mon - Fri ECON-021-5-AUS

Description

This course helps students develop a rigorous intermediate-level treatment of microeconomic theory, emphasizing the analytical study of the behavior of fundamental economic units (consumer and the firm) and its implications for the production and distribution of goods and services. We will discuss the development of the fundamental tools of price and distribution theory; analysis of commodity and factor price determination under competitive and noncompetitive market conditions from the standpoint of the household and the firm. This course also covers choice under uncertainty, oligopoly, industrial organization, pricing, resource allocation, intertemporal consumption, labor supply, externalities, public goods, income distribution and welfare economics.

Prerequisite(s)

ECON 011, MATH 011 or equivalent intro-level microeconomics and first-year calculus course.