ECON 301 - Microeconomic Theory II

Units: 3
Market structure, externalities and public goods, game theory, information economics.

Prerequisites: ECON 300.
Possible Instructional Methods: On-ground or Online-Asynchronous.
Grading: A-F grading only.
Course Typically Offered: Spring ONLY

Student Learning Outcomes - Upon successful completion of this course students will be able to:

Determine profit maximizing price and output for a monopoly firm;
Evaluate various policies for regulating monopolies;
Be able to determine profit maximizing price and output for a firm in a quasi-competitive market (oligopoly or monopolistic competition);
Be able to apply the concepts of supply and demand to markets with external costs and benefits;
Understand the nature and consequences of general equilibrium (Pareto optimality).