ECON 244 Intermediate Microeconomic Theory II
This course is intended to address the issue of resource allocation in the presence of monopoly, imperfect competition, risk-aversion, imperfect information, and externalities. Students will use calculus, algebra, and graphing to demonstrate understanding of concepts including: Pareto efficiency, resource allocation in the four major types of markets, game theory, decision-making under uncertainty and asymmetric information, factor market equilibrium and dynamics, and models and policies regarding externalities and public goods.