Nov 23, 2024  
ARCHIVED 2020-21 Undergraduate Catalog 
    
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ARCHIVED 2020-21 Undergraduate Catalog [ARCHIVED CATALOG]

ECO 304 - Intermediate Microeconomics (3)

Prerequisites: ECO 203  and ECO 204 , both with a C- or higher, or permission.
An examination of the theory of individual consumer behavior and the theory of the firm. Students successfully completing this course will be able to 1) use indifference curve analysis to understand utility maximization; 2) explain cost theory and use production isoquants in microeconomic analysis; 3) discuss the theory of the firm in competition, monopoly, and oligopoly; and 4) explain the functioning of resource markets.