ECON 3211 - Intermediate Microeconomic Theory 3 s.h.

This course examines how the price system directs resource allocation in a market economy. Theories of consumer and firm behavior are used to develop the theoretical basis for the model of supply and demand. Firm behavior under perfect and imperfect competition is analyzed to establish the impact of market structure on allocation efficiency. A-E Only. Offered Fall and Spring.
LA
Prerequisite(s): ECON 1111 with a grade of “C” or better, and MATH 1050 or MATH 2230 .