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 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.
Textbooks and Materials
Textbooks and materials can be purchased at the CSU Bookstore unless otherwise indicated.
- Microeconomics - MyEconLab, 9th Ed.
Pindyck & Rubinfeld
- Microeconomics w/MyEconLab, 9th Ed.
Pindyck & Rubinfeld
Students need purchase only one of the above listed books.
Thom is a fourth-year PhD candidate at CSU. Prior to his tenure at CSU, Thom attended the University of Missouri-St. Louis where he obtained B.S. and M.A. degrees in economics, as well as a B.S. in mathematics. Thom is originally from St. Louis, Missouri and has worked in the financial sector in New York City and St. Louis. He has been an economics teaching assistant for the universities he has attended, as well as teaching at CSU and Front Range Community College. His interests are the economics theory of rational addiction as well as behavioral economics with regard to socioeconomic issues such as wage discrimination, women's autonomy, and the economic impact of domestic violence and suicide. Thom's personal interests include, reading, chess, cars and computers.