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Apr 23, 2024
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ECON 5030 - Intermediate Microeconomics
Price system as allocative mechanism. Price and production policies of individual firms and consumers under alternative market conditions and analysis of these policies on social efficiency of resource allocation. Students expected to have understanding of elementary algebra and geometry.
Requisites:
Credit Hours: 4
Repeat/Retake Information: May not be retaken.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,CR,PR,WP,WF,WN,FN,AU,I
Learning Outcomes:
- Understand basic properties of competitive and non-competitive markets.
- Understand choice in an economic setting.
- Understand cost structures and production incentives.
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