ECON 0201 - Intermediate Microeconomics

Credits: 3

An examination of the basic assumptions and methods of analysis employed in microeconomic theory. Topics studied include: elasticity concepts, demand derivation, production and cost relationships, pricing under various market structures, and distribution theory. These topics are integrated through short and long-run analysis as applied to the firm and industry. Lecture and exercises of concepts is included.

Prerequisites: ECON 0102.

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Westfield State University

ECON 0201 - Intermediate Microeconomics