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Intermediate Microeconomics

Course Number: 
ECO-304
Minimum Credits: 
3
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.Prerequisite: Economics 204. Offered alternate fall terms.