4 hours. 3 hours lecture and 2 hours lab per week.
Microeconomics: Theory with Applications I
Course Description
This course builds theoretical and mathematical skills to pursue deeper understanding of microeconomics of consumer, firm, and government behavior, with an eye towards applications in agriculture, food, health, environment, natural resources, and rural & international development.
Athena Title
MICRO/APP I
Prerequisite
AAEC 3580 -3580L or permission of major
Semester Course Offered
Offered fall
Grading System
A - F (Traditional)
Student learning Outcomes
Students will apply models of rational and quasi-rational decision-making to analyze how consumers and firms make constrained choices.
Students will analyze how economic agents interact under alternative market structures and environments, including competitive, imperfectly competitive, cooperative, and strategic interactions.
Students will evaluate how assumptions about preferences, information, incentives, and constraints affect the predicted outcomes and appropriate application of economic models.
Students will use mathematical, graphical, and verbal reasoning to assess the efficiency, equity, and welfare implications of market and nonmarket phenomena, including regulation, externalities, rent-seeking, production, consumption, exchange, and economic development.
