Intermediate Microeconomic Analysis (Honors) (3) Allocation of resources and distribution of income within various market structures, with emphasis on analytical tools.
ECON 302H Intermediate Microeconomic Analysis (Honors) (3)
(BA) This course meets the Bachelor of Arts degree requirements.
There are two branches within the discipline of economics: microeconomics, focused on the behavior of individual economic actors (consumers, firms, and government) and macroeconomics, focused on economic aggregates (e.g., inflation, unemployment, aggregate economic growth). There are four core courses in economics that are required of all majors and minors: introductory and intermediate courses in microeconomics and macroeconomics. This course is the upper-level core course in microeconomic analysis.
Students will learn, at a deeper level than that covered in the beginning microeconomics course (ECON 002), and with extensive use of calculus, about supply and demand, consumer theory, the theory of the firm, market structure and market power, factor markets, and extensions to consider uncertainty, missing markets, and limited information. Students will develop their analytical skills for analysis of microeconomic issues. These skills, in turn, will be required for a substantial number of 400-level microeconomics-oriented courses.
This course is a follow-on to the introductory course in microeconomic analysis, its prerequisite, going more deeply into the material covered in that introductory course in microeconomic analysis, and making extensive use of calculus. It is, in turn, a prerequisite for a large number of microeconomics-oriented courses at the 400 level. This honors version is designed to provide the opportunity for stronger students to pursue this key course at a more rigorous and in-depth level.
Note : Class size, frequency of offering, and evaluation methods will vary by location and instructor. For these details check the specific course syllabus.