|Undergraduate Course Details|
Applied economic analysis of the market decisions of the consumer, firms and labor. Using optimization techniques, the decisions of the participants in various market structures are evaluated both in theory and in case studies. Topics include optimization decisions under conditions of uncertainty, less than perfect competition, and in the presence of externalities. The influence of political, social, legal, environmental, global, and technological issues are discussed in the process of presenting applications of microeconomic theories. Oral discussion, quantitative analysis, Internet research and computer usage are encouraged. three lecture hours per week. Required of all Economics Majors-Junior year. Elective for Economics Minors. Division III elective for all other Majors.