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.
Kevin is a Ph.D. student in the Department of Economics at Colorado State University. His fields of study and research are in environmental and regional economics. Prior to attending CSU, Kevin received a B.A. from Albion College in economics and management in 2004. In the past he has taught classes on introductory microeconomics and macroeconomics. He is passionate about sharing his enthusiasm about economics with his students. When not involved in academia, Kevin spends time in the mountains either backpacking or skiing, but even then he is likely still talking to anyone who will listen about rational choices under scarcity.