|This course introduces the principles of modern microeconomics and illustrates their application to business decisions. The course covers the following topics: the determinants of consumer choice; the pricing and output decisions of firms under different market structures; and the effects of incomplete information, uncertainty, and moral hazard on the behavior of firms.|
|Optional text: Goolsbee, Levitt, & Syverson, Microeconomics.|
|Based on problem sets, a midterm exam, and a final exam.|
|Understanding of algebra and basic calculus, including derivatives.
Description and/or course criteria last updated: 1/7/2013
|Course Conditions and Course Related Items:|