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Jun 23, 2024
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ECON 302 - Intermediate Microeconomic Theory
Description
Preferences, utility theory, and derivation of consumer demand. Convergence conditions in consumer choice. Slutsky decomposition. Supply, cost structure, factor inputs, and technology. Properties of production functions including the Euler Theorem. Monopoly, duopoly (Bertrand and Cournot), oligopoly, monopolistic, and competitive markets. The extent of market entry. Labor choice, the capital asset pricing model, and technological innovation. Introduction to game theory. General equilibrium and welfare economics.
Prerequisites
and
When Offered
Offered in fall and spring.
(3 cr.)
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