|This course is an advanced alternative to Business 33001 intended for students who have previously studied microeconomics at the University level.
The first part of the course (approximately 6 weeks) will cover the central topics of microeconomics: consumer choice, decision-making under uncertainty, production and cost, and the models of competition and monopoly. The remainder of the course will survey selected areas in contemporary microeconomic theory such as game theory and competitive strategy, price discrimination, vertical contractual relations, incentive provision and auctions. The course will emphasize the use of simple microeconomic models to understand individual behavior and markets.
|Students should have completed at least an intermediate microeconomics course at the university level and should have been exposed to indifference curves, elasticities, and the basic models of perfect competition (i.e., supply and demand) and monopoly. In addition, students should be comfortable using basic mathematical tools such as graphing curves, solving simple systems of equations, and differentiation of quadratic functions.
Description and/or course criteria last updated: 07/2012