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This is the first course in a two-course intermediate microeconomics sequence. The course begins with a detailed treatment of consumer theory. A strong emphasis is placed on building a framework which can be used to analyze how changes in prices affect consumer welfare. The course then goes on to look at market equilibrium and its relevance to a number of interesting policy issues. Following this, the standard theory of the profit maximizing firm and their applications is developed. Compared to an introductory microeconomics course, expect topics covered in this course to be much more rigorous including a mathematical application of relevant topics. As such, a certain level of mathematical competence is necessary.

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