2023-2024 University Catalog [ARCHIVED CATALOG]
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ECON 357 - Advanced Microeconomic Theory
Explores how consumers and firms allocate their scarce resources in order to maximize well-being and profits, respectively, and how these choices interact in a market. This course incorporates additional mathematical rigor into the economic models assuming competitive markets and perfect information first developed in . The course then relaxes these simplifying assumptions to explore models of imperfect competition, uncertainty in decision-making, asymmetries in information, and public goods and externalities that require more rigorous mathematical analysis.
Credits: 1.00
Prerequisites: and and and
Major/Minor Restrictions: None
Class Restriction: None
Recommended:
Area of Inquiry: Social Relations,Inst.& Agents
Core Component: None
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