Microeconomics (310-2-20)

Instructors

Piotr Dworczak

Meeting Info

Lutkin Hall: Tues, Thurs 9:30AM - 10:50AM

Overview of class

This course introduces the major topics of microeconomics that are a continuation of material covered in ECON 310-1. The course provides students with analytical tools to understand economic phenomena and develops foundations for analyzing market settings with strategic players and incomplete information. The topics covered in this course will include Pareto efficiency, social choice, general equilibrium, risk and uncertainty, game theory (including Cournot and Bertrand competition), asymmetric information, and mechanism design. The main goal of the course is to teach students how to apply economic concepts to better understand economic reality. After taking this course, students should be well equipped to analyze simple microeconomic systems using mathematical modeling and basic economic concepts such as efficiency and equilibrium. The course also aspires to teach students how to think like an economist, by appreciating the role of preferences, information, and incentives in the analysis of human interactions.

Registration Requirements

ECON 310-1 or MMS 211-1 (or equivalent)

Class Materials (Required)

Microeconomics, 6th edition by Besanko and Braeutigam (Wiley), ISBN: 978-1-119-55484-4

Enrollment Requirements

Enrollment Requirements: All students must have taken ECON 310-1 or MMSS 211-1 in order to enroll in this course

Associated Classes

DIS - Technological Institute M164: Mon 3:00PM - 3:50PM

DIS - Technological Institute M164: Wed 3:00PM - 3:50PM

DIS - Technological Institute L251: Mon 4:00PM - 4:50PM

DIS - Technological Institute L221: Wed 4:00PM - 4:50PM

DIS - Technological Institute M164: Mon 4:00PM - 4:50PM

DIS - Technological Institute L150: Wed 4:00PM - 4:50PM