ECON201

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Intermediate Microeconomics I

Economics Department A&S - Arts and Sciences

Subject

ECON

Catalog Number

201

Title

Intermediate Microeconomics I

Course Description

Preferences and technologies and their relation to demand, supply and competitive equilibrium. The basic math behind constrained optimization. Income and substitution effects and their relation to demand and marginal willingness to pay. Cost functions and profit maximization. Policy and civil society approaches to market failures from externalities, asymmetric information and market power. Introduction to game theory and applications to market structures. Tension between efficiency and equity. Prerequisite: (Economics 21 and 22) or (Economics 101 or 101D) and either (Mathematics 105L and 106L) or (Mathematics 21, 111L, 112L, 121, 122, 122L, 202, 212, or a higher level math course).

Grading Basis

Graded

Course Typically Offered

Fall and/or Spring

Consent (Permission Number)

No Special Consent Required

Min Units

1

Max Units

1

Lecture

General Education Curriculum Codes

SB - (SB) Social & Behavioral Analysis: A&S Curriculum, SS - (SS) Social Sciences