Analysis of competitive and noncompetitive markets in terms of efficiency of resource utilization.
Intermediate Microeconomics is a core economic theory course that will further a student’s ability to apply models to explain economic decision-making by individuals and firms, how markets allocate resources, how the structure of markets affects choices and social welfare, and the ways that government intervention can improve or impair the functioning of markets. The student will be given the opportunity to apply these models to describe real world current events.
Upon completion of the course, the student should:
- apply microeconomic models to explain economic decision making by firms and consumers;
- explain how resources are allocated efficiently and how the structure of markets may have an effect on this allocation;
- show how government intervention can improve or impair the functioning of markets;
- solve economic problems where agents are strategically interdependent on one another;
- apply these tools to real-world examples in a correct and proficient manner.
This course requires the use of electronic proctoring through ProctorU, please see http://www.online.colostate.edu/current-students/proctoring.dot for detailed instructions. For students requiring accommodations, please contact Resources for Disabled Students; for consideration of exceptions outside the scope of RDS, please contact the University Testing Center
This course can be applied toward:
AREC 202 (Agricultural and Resource Economics) or ECON 202 (Principles of Microeconomics); MATH 141 (Calculus in Management Sciences) or MATH 155 (Calculus for Biological Scientists I) or MATH 160 (Calculus for Physical Scientists I).
Prerequisites: Introductory microeconomics, introductory calculus.
Bryanna Dixon is originally from the beautiful state of Oregon where she earned her bachelor’s in economics from Linfield College (go Wildcats!). During her time at Linfield, she had the opportunity to study economics and the Chinese language in Beijing for a semester. She loves to travel and takes every opportunity to learn and explore different cultures from around the world. She is currently a PhD student in the Department of Economics at Colorado State University. Her fields of interest are public economics and regional economics with an emphasis on ethnic and gender welfare.