Analytic theory of consumer and producer behavior under perfect and imperfect competition. Coverage of demand theory (indifference curves and utility functions and preferences under uncertainty, including expected utility and risk aversion). Development of general equilibrium under pure exchange, including the concepts of competitive equilibrium and Pareto efficiency. Discussion of the role of time as it pertains to interest rates, discounting and net present value. Analysis of standard monopoly and simple oligopoly problems. Development of non-cooperative game theory, including strategic and extensive-form equilibria and Nash and sub-game perfect equilibria. Thorough training in intermediate theory would require both Econ 4011 and Econ 4021. The Friday "A" subsection is an opportunity to obtain additional course help via a TA-led review session. Attendance at the subsection is recommended, but not required. Prerequisites: Econ 1011, Math 131, Math 132, and concurrent enrollment in, or prior completion of, either Econ 493 ("Mathematical Economics") or Math 233.
Course Attributes: EN SAS SSCFA SSCAR SSC
Section 01Intermediate Microeconomic Theory
INSTRUCTOR: NachbarView Course Listing