ECO 3002: Intermediate Microeconomic Theory (3 cr.)
An intermediate level treatment of consumer behavior and market demand, the theory of the firm, production, cost and supply. Perfect competition, monopolistic competition, oligopoly and monopoly market structures will be considered. Prerequisites: Principles of Economics I and II. (Fall 2013)
Substitution of Intermediate Microeconomic with:
ECO 2019: Economics of Competitive Strategy (3 cr.)
This course uses microeconomics as a framework through which to explore the ways in which firms(and other organizations)compete. It will address questions such as: What businesses should a firm be in? How large should it be? What is the competitive nature of the markets in which the firm operates? How should a firm position itself to compete? What should be the basis of its competitive advantage? How sustainable is its competitive advantage likely to be? How should the firm organize its internal structure and systems? The course will be grounded in microeconomics but will spend a great deal of time examining case studies of actual firms and the markets within which they function. Prerequisites: ECO 1012.