500 Microeconomic Theory

Economics

Approved course information last updated: 2 years, 2 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
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