ECON 302 - Intermediate Microeconomics

(3 units)

Intermediate analysis of price determination, resource allocation, market structure, consumer behavior, producer behavior, market failure and government failure. Economic approaches to social issues and policy.

Maximum units a student may earn: 3

Prerequisite(s): ECON 102 or HON 220; MATH 176 or higher.

Grading Basis: Graded
Units of Lecture: 3
Offered: Every Fall and Spring

Student Learning Outcomes
Upon completion of this course, students will be able to:
1. solve baseline models of consumer and firm behavior used in microeconomic analysis.
2. solve baseline models of price formation under several market structures in the long and short run.
3. explain under what circumstances markets lead to economically efficient outcomes and under what circumstances they do not.
4. explain how analysis of market level phenomena can be grounded in analysis of individual decisions.

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