Intermediate Microeconomic Theory

4 credits · Undergraduate credit

The subject of this course are households' and firms' economic choices, and the way in which these choices interact in markets. We also discuss ways in which the performance of markets can be evaluated normatively. The course emphasizes theory over data. Empirical methods are taught in other courses. The theories developed in this course form the basis of much empirical work. We use mathematical tools such as graphs, equations, and calculus.