PPOL-506 INTERMEDIATE MICROECONOMICS
Fall for 2017-2018
This course provides an in-depth analysis of supply and demand, the theory of the consumer and theory of the firm. The course focuses on the determinants of consumer behavior by studying the role of utility maximization and constrained optimization. Firm behavior is studied by investigating the role of profit maximization when firms operate in perfectly competitive markets and when they are monopolies. Key concepts include efficiency, opportunity cost, the role of incentives and marginal analysis. Applications to public policy issues are emphasized.
Credits: 3
Prerequisites: None
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