Course Overview

In Intermediate Micro Economics II, students have already encountered the basics of firm analysis from Principles of Economics II as well as more advanced consumer theory in Intermediate Micro Economics I. In this class we will try to extend our reach within a variety of topics focusing on firm behavior and industry level analysis.

Learning Achievement

At the end of the first half of the course, students should have an understanding of (1) how firms minimize costs given production constraints, (2) how firms maximize profits given these costs, and (3) how firms interact with one another under an array of market structures. In the second half of the course, we will investigate economic models for how consumers and firms deal with uncertainty and intertemporal decision making. Extensions to standard models regarding externalities and public goods will also be discussed. Time permitting, I will also introduce the intersection of psychology and economics, sometimes called "Behavioral Economics", and how micro economists go about applying the theories learned.

Competence

Course prerequisites

Intermediate Micro Economics 1 or equivalent. Calculus required as well.

Grading Philosophy

Course schedule

Course type

Online Course Requirement

Instructor

Patrick Dejarnette

Other information

(College of Social Sciences) Department of Economics

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