This course presents the basic analytical tools of microeconomics. We start by looking at the decision making of individual consumers and ask how these decisions can be optimized or improved. Next, we look at the ways firms make and coordinate their decisions under varying market structures, including perfect competition and monopoly. Then we look at strategic behavior in imperfectly competitive markets, making use of concepts from game theory such as Nash equilibrium. Finally, we take up topics including bargaining theory, information economics, environmental externalities, and public goods.
Registration Closes: August 29, 2024
Credits: 4
View Tuition Information Term
Fall Term 2024
Part of Term
Full Term
Format
Flexible Attendance Web Conference
Credit Status
Graduate, Noncredit, Undergraduate
Section Status
Open