|This course is an advanced alternative to Business 33001 intended for students who have previously studied microeconomics at the college level. The course will cover much of the same ground at Business 33001, but in greater depth. Because some familiarity with microeconomics is presumed, we will also cover a number of topics that are not typically covered in Business 33001, such as economic growth, behavior under uncertainty, income distribution, vertical contractual relations and pricing strategies.|
|Detailed lecture notes are distributed weekly. There will also be a supplemental text, most likely Microeconomics by Jeffrey Perloff.|
|All assignments other than the final exam are to be completed in groups of 4-5 students. There are weekly assignments and a take-home midterm.|
|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: 07/17/2013
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