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Dec 11, 2024
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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 )
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.
Check course scheduling information
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