ECON 2516 - Intermediate Microeconomics II

This course builds on the microeconomic principles studied in the Level I Economics courses and provides a rigorous analysis of the way in which the market system functions as a mechanism for coordinating the independent choices of individual economic agents. It develops a basis for evaluating the efficiency and equity implications of competition and other market structures, and a perspective on the appropriate role of government. Included are the study of consumer choice, production and cost, market structure, and market failure. Intermediate Microeconomics II will put a strong emphasis on the mastery of theoretical concepts and analytical tools, with some applications to real world problems.