ECON 382
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Intermediate Microeconomic Theory 2
Economics
College of Family, Home, and Social Sciences
Course Description
Welfare theory, imperfect information, imperfect competition, uncertainty, externalities, and public goods.
When Taught
Contact Department
Min
3
Fixed/Max
3
Fixed
3
Fixed
0
Note
Or Instructor Approval.
Title
Formally Express and Analyze Economic Models
Learning Outcome
Recognize the common building blocks of economic models, solve economic models, and interpret the results.
Title
Demonstrate an Understanding of Core Microeconomic Models
Learning Outcome
Understand models of perfect competition in general equilibrium, monopoly and oligopoly, externalities and public goods, decision-making under uncertainty, and information problems.
Title
Adapt Models to New Scenarios
Learning Outcome
Compare the impact on equilibrium behavior of altering assumptions and be able to contrast the results of different market imperfections
Title
Establish a Knowledge Base that Will Be Useful in Economic Field Classes
Learning Outcome
Apply models in various real-world examples and identify the positive and normative conclusions in that environment.
