500 Microeconomic Theory
Economics
Approved course information last updated: 2 years, 3 months ago
Pre-requisites: None
Requisite To: ECON 502
Lab Session:
Course Description
This course focuses on learning microeconomic theory at the graduate level. Microeconomics is the bottom- up view of the economy that studies the behavior of individuals and firms, how they make decisions, and how they interact in markets.
Course Learning Objectives (CLOs)
- Clo1. apply the microeconomic theoretical framework to the analysis of consumption & production behaviors
- Clo2. use diagrams & calculus to solve optimization problems of microeconomic models & derive their
- Clo3. understand the function of markets and their limitations in allocating resources efficiently
- Clo4. understand different forms of market failure and the role of government policies in correcting them
Syllabus History