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 study information economics and measures of social welfare.
Registration Closes: January 23, 2025
Credits: 4
View Tuition Information Term
Spring Term 2025
Part of Term
Full Term
Format
Flexible Attendance Web Conference
Credit Status
Graduate, Noncredit, Undergraduate
Section Status
Open