2020-2021 Academic Catalog 
    
    Dec 04, 2024  
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2020-2021 Academic Catalog [ARCHIVED CATALOG]

ECON 204 - Microeconomic Theory Using Calculus

This course introduces to students a set of analytical tools that economists developed to study the behavior of consumers and firms and different market mechanisms.  It starts with the theories of the consumer and the producer, then examines competitive market equilibrium, and finally discusses the situations in which efficient resource allocations can not be achieved in competitive markets.  Interspersed with theory, the course contains frequent examples that demonstrate the use of microeconomics in solving problems faced by decision makers in both the private and public sectors.  Concepts, techniques, and results from Calculus are regularly used to facilitate theoretical analysis.  The main distinction of this course from Econ 205 is the use of calculus.

Prerequisites: ECON 010  , ECON 011  and MATH 120  or MATH 124  

Anticipated Terms Offered: every year
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