502 Applied Microeconomics

Economics

Approved course information last updated: 2 years, 2 months ago

Pre-requisites: ECON 500

Requisite To: None

Lab Session:

Course Description

The objective of this course is to introduce the student to the main empirical tools and concepts in microeconomics, and how to use these tools and concepts in analyzing various economic problems. The course includes experimental projects that enable the student to relate the concepts of microeconomic theories to real-world phenomena. The course also focuses on the impact of different market structures on the market power of different players, and the interaction of supply and demand. The course also deals with the impact of government intervention in different markets on the degree of competition, prices, costs, and production and consumption functions.

Course Learning Objectives (CLOs)
  • Clo1. understand and use concepts and tools of microeconomic analysis
  • Clo2. apply microeconomic theories and methodologies to the real world issues
  • Clo3. using differential equations to estimate maximum and minimum values
  • Clo4. use econometric models to analyze the economic behavior
  • Clo5. understand the functions of different markets under various structures
Syllabus History
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