Sep 09, 2024  
Rensselaer Catalog 2024-2025 
    
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Rensselaer Catalog 2024-2025
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ECON 2010 - Intermediate Microeconomic Theory

This course combines demand, derived from consumer preferences, and supply, based on firms’ production functions, to establish market prices for goods and services. The course applies the microeconomic theory of the firm to price, cost, and output decisions of business enterprises under different market structures. Product pricing strategies are examined. Calculus-based techniques are used to minimize costs and maximize utility and profits across differing industry structures. The course also introduces topics such as game theory, externalities, public goods, asymmetric information, and behavioral economics.

Prerequisites/Corequisites: INQR 1200  or ECON 1200 ; and MATH 1010  or MATH 1500 , or permission of instructor.

When Offered: Fall and spring terms annually.

Credit Hours: 4


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