Apr 28, 2024  
2022-2023 Undergraduate Catalog 
    
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2022-2023 Undergraduate Catalog [ARCHIVED CATALOG]

EC 216 Intermediate Microeconomics

This course is a detailed study of price determination and resource allocation under conditions of perfect and imperfect markets. In addition to supply and demand analysis, key economic concepts such as diminishing marginal utility, elasticity, production and cost, optimization theory, producer and consumer surplus, deadweight loss and firm behavior under alternative market structures are explored.

Prerequisite: EC 210 , EC 211 .