Course No: ECN 302
Course Title: Intermediate Microeconomics
This course continues the study of microeconomics as the analytical study of individual behavior and markets. The topics of utility, profit maximization, supply and demand, elasticity, and forms of business enterprise are explored in mathematical and theoretical detail. The neoclassical microeconomic theory, used by economists today, is investigated including the many points of contention in microeconomic theory and alternative ideas. Prerequisite: ECN 202.
At the completion of the course, the student should be able to:
- Build on your previous economic courses to gain a deeper understanding of microeconomic tools.
- Understand the importance of models used in economic analyses, and how predictions are likely to change with the assumptions of the model.
- Apply the economic knowledge learnt to frame and solve problems analytically and graphically, with an application to individual and policy decisions.
- Become comfortable critically reading specialist news media (eg. Economist) from a technical perspective.
- Apply the microeconomic tools to your subsequent economics courses.
- Learn to think like an economist. Essential to this is the idea that economics is not a set of preconceived notions, but a way of thinking that allows you to specify and change assumptions that form the basis of your analyses.
- Pindyck/Rubinfeld, Microeconomics, 8th edition