This course is a calculus-based intermediate microeconomics course. It aims to help students develop a deeper understanding of microeconomics theory and a systematic approach to manage economic problems with basic mathematical tool. It is intended for students to learn how to perform analytical study of the behavior of fundamental economic units and its implications for the production and distribution of goods and services. Topics covered include: supply and demand; consumer theory, production theory, analysis of commodity and factor price determination under competitive and noncompetitive market conditions; oligopoly; industrial organization; resource allocation; inter-temporal consumption; labor supply; externalities; public goods; income distribution. There will be regular problems sets building on graphical and quantitative tools, applying algebra and calculus.

ECON 011, MATH 011 or equivalent intro-level microeconomics and first-year calculus course.