ECON 357 - Advanced Microeconomic Theory

Explores how consumers and firms allocate their scarce resources in order to maximize well-being and profits, respectively, and how these choices interact in a market. This course incorporates additional mathematical rigor into the economic models assuming competitive markets and perfect information first developed in ECON 251. The course then relaxes these simplifying assumptions to explore models of imperfect competition, uncertainty in decision-making, asymmetries in information, and public goods and externalities that require more rigorous mathematical analysis.

Credits: 1
Prerequisites: ECON 151 and ECON 251 and ECON 252 and (MATH 163 or MATH 113)
Major/Minor Restrictions: None
Class Restriction: None
Recommended: MATH 214
Area of Inquiry: Social Relations,Inst.& Agents
Liberal Arts CORE: None

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