Intermediate Microeconomics applies economic analysis to the process of managerial decision making. Topics include consumer theory, production theory, supply and demand, elasticity, and managerial decision making under various market structures. Additional topics may include regression analysis, alternative explanations of wage rate determination, income inequality, and discrimination.
Every Spring
Previously: ECON 320
The study of economic concepts and doctrines within the social context of the past and their impact on the development of economic theory and methodology.
Every other Spring, even years
Previously: ECON 337, HIST 337
This course offers an introduction to mathematical models of economic behavior. Part I focuses on basic concepts in game theory, including best response analysis, Nash equilibria in pure and mixed strategies, simultaneous and sequential games, repeated games, and games with incomplete information. These concepts will be used to analyze various forms of economic competition. Part II applies the techniques of linear algebra, calculus, and optimal control theory to a wide range of micro and macroeconomic settings. Topics include comparative statics, multivariable and constrained optimization, and economic dynamics.
Every other Spring, even years
Previously: ECON 325
Ordinary least squares regression, including underlying assumptions and interference in both simple and multiple regression models is discussed, as are dummy variables, model structure, and functional form. Methods designed to detect and correct for the violations of the standard assumptions are examined. The effects of individual observations and of correlation among independent variables are also discussed. Additional topics include simultaneous equations, time series, limited dependent variable, and panel data models.
Every other Fall, even years
Previously: ECON 373