Intermediate Microeconomics I

ECON 201D

Introduction of the concepts of preferences and technologies. Intermediate development of the theory of demand, supply and competitive equilibrium from individual preferences and technologies. Income and substitution effects, uncompensated demand and marginal willingness to pay. Conditions under which competitive markets result in efficient outcomes. Conditions under which government policy has the potential to increase efficiency. Tension between economic efficiency and different notions of equity. Prerequisite: (Economics 21 and 22) or (Economics 101 or 101D) and either (Mathematics 105L and 106L) or (Mathematics 21, 111L, 112L, 121, 122, 122L, 202, 212, or a higher level math course). Instructor: Staff

Prerequisites

Prerequisite: (ECON 21 and 22) or (ECON 101 or 101D) and either (MATH 105L and 106L) or (MATH 21, 111L, 112L, 121, 122, 122L, 202, 212, or a higher level math course)

Curriculum Codes
  • SS
Typically Offered
Fall and/or Spring