ECO 291 Intermediate Microeconomic Theory
The course examines the development of the theories of the price mechanism under competitive and non-competitive market situations. The costs and revenue decisions of the firm are analyzed within the context of standard assumptions about economic behavior. The welfare implications of contemporary problems under partial and general equilibrium conditions are explored. This course is offered in the fall semester.
Prerequisites: Economics 101 and Math 111, or consent of the department chair.