Apr 28, 2024  
2008-2009 Academic Catalog 
    
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2008-2009 Academic Catalog [Published Catalog]

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ECON 502 - Advanced Microeconomic Theory

Axioms of consumer preferences and rational utility representation. Derivation of Marshallian, Hicksian and Engel demands. Consumer theory under uncertainty. Advanced theory of the firm. Market structure and competition including Counot, Bertrand, and Stackelberg competition for homogeneous and differectiated products. The Envelope Theorem and its applications including Roy, Sheppard, and Hotelling Lemmas. The equilibrium number of firms and business cycle behavior. General equilibrium theory.
Prerequisites
Prerequisites: ECON 425.
When Offered
Offered in fall.
(3 cr.)


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