Economics 201 - Intermediate Microeconomics:Efficiency,Equity,and the Structure of Markets

Institution:

Bard College

Subject:

Description:

This course further develops principles and analytical methods introduced in Economics 101 demand, supply, and the workings of the price system. The positive and normative characteristics of alternative market structures-perfect competition, monopolistic competition, oligopoly, pure monopoly, and, in resource markets, monopsony-are studied in depth. Market forces are examined in the context of social and political institutions that shape, and are shaped by, market outcomes. The alleged "trade-off"between equity and efficiency is debated in the context of a variety of applications. Prerequisites: Economics 101 and one semester of calculus.

Credits:

4.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.bard.edu

Phone Number:

(845) 758-6822

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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