BU 452 - Intermediate Microeconomics

Institution:

Caldwell University

Subject:

Description:

This course builds on BU 205 Principles of Economics I, BU 210 Principles of Economics II, and BU 245 Decision Analysis. It equips students with techniques of expected utility maximization and game-theoretic analysis. Students study applications of these techniques to understanding such real-life market failures as externalities, moral hazard, and adverse selection. The course explains microeconomic foundations of New Economy and how they differ from microeconomic foundations of Old Economy. By learning basic differences between mechanisms of competition in New and Old Economies, students will be better prepared to meet challenges of their professional careers. Prerequisites: BU 210, BU 245, BU 290 and BU 400.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.caldwell.edu

Phone Number:

(973) 618-3000

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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