Nov 22, 2024  
2020-2021 Academic Catalog 
    
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2020-2021 Academic Catalog [Published Catalog]

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ECON 302/3011 - Intermediate Microeconomic Theory (3 cr.)


Prerequisites
For Economics students   and ECON 3061  

For Actuarial science students 

  and MACT 2132  or ECON 3061  

 

For ACTS

  and MACT 2132  or ECON 3061  

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.

When Offered
Offered in fall and spring.


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