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ECON 311 Applied Economic Analysis Units: 3.00
This course studies how individuals and firms make decisions and how these decisions aggregate to determine overall outcomes. The course will cover consumer theory, producer theory, partial and general equilibrium, welfare, and game theory. Students will learn how to apply standard economic models of decision-making to real-world applications.
Learning Hours: 120 (36 Lecture, 84 Private Study)
Offering Faculty: Faculty of Arts and Science
Course Learning Outcomes:
- Describe the structure and underlying assumptions of the standard models used in microeconomic analysis and explain how the models' predictions change when the standard assumptions are relaxed.
- Identify and solve a variety of constrained optimization problems that arise in microeconomic contexts.
- Provide clear and concise explanations of the fundamental economic intuition associated with the articulation and resolution of microeconomic problems.
- Apply the theoretical and analytical tools of microeconomics to investigate and assess contemporary economic problems and phenomena, including those related to information asymmetries, firm structures, and market failures.