Intermediate Microeconomics II: Markets And Producer Decisions

3.00 credits · Undergraduate

Prereq: ECON 1001; or permission of the Department This course presents microeconomic theory and its applications relating to producer decisions. Topics include: the theory of production and cost; profit maximization and competitive supply; pricing with market power; monopoly and monopsony; monopolistic competition and oligopoly; game theory and strategic interactions; markets for inputs and income distribution; markets and asymmetric information; analysis of markets and effects of government policies; and the theory of the firm and team production. (Format: Lecture 3 Hours) (Exclusion: any version of ECON 2011 previously offered with a different title)