Course Description

ECON 301: Intermediate Microeconomics

The purpose of this course is to develop the analytical skills required for dealing with problems of economic behavior and resource allocation, along with an appreciation of the methodological issues involved in modern economic analysis. It covers the traditional body of microeconomic theory, including: utility theory and consumer behavior, the analysis of production and the behavior of the firm, coordination in product and factor markets under perfect competition, and (time permitting) the impact on market operations of monopoly, imperfect competition, externalities, asymmetric information, and public goods.