The course surveys the field of microeconomics at the intermediate level and aims to introduce the basic tools of economics and to apply them to a wide range of human behavior. It will cover the core concepts of consumer and producer behavior, market equilibrium and welfare analysis as well as imperfect competition and imperfect markets. Topics include the theory of the consumer, the theory of the firm, uncertainty decisions, perfect competition, monopoly and monopsony, oligopoly, externalities and public goods , markets with asymmetric information. Prerequisites include an economic principles course and an introductory calculus course.
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