Modern Microeconomics for Economics and Business

3 credits · Undergraduate

(3 hrs Lecture) This course presents the concepts and theories that form the basis of modern microeconomic analysis. Market imperfections arising due to issues such as uncertainty, informational asymmetry and imperfect competition are analyzed, and their welfare implications are studied. Game theory is introduced as an analytical tool. Applications may include auctions and markets for insurance and used goods. Requisite Courses: ECON-2101 [prerequisite(s)].