ECON2301 - 01 - Intermediate Microeconomics

This course is designed to extend the knowledge of the basic microeconomic principles that will provide the foundation for the future work in economics and give insight into how economic models can help us think about important real world phenomena. This course will show how market mechanisms solve extremely complex resource allocation problems. It presents a logical and coherent framework in which to organize observed economic phenomena. Several economic "models" are developed and analyzed in order to help explain and predict a wide variety of economic (and sometimes, seemingly non-economic) phenomena. Topics include supply and demand interaction, utility maximization, profit maximization, elasticity, perfect competition, monopoly power, imperfect competition, and game theory.