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Course Description
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Course Name
Intermediate Microeconomic Analysis
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Host University
The American Business School Paris
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Location
Paris, France
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Area of Study
Economics
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Language Level
Taught In English
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Prerequisites
ECON 120 or its equivalent
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Course Level Recommendations
Lower
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
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US Credits
3 -
Recommended U.S. Semester Credits3
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Recommended U.S. Quarter Units4
Hours & Credits
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Overview
COURSE DESCRIPTION :
This course builds upon the foundations put into place in ECO 120. It includes topics of current interest and incorporates the latest research in economic modeling.COURSE OBJECTIVES :
To provide students with the knowledge and practical methods to apply the general principles of microeconomics to business problems.INSTRUCTIONAL METHODOLOGY :
The course consists of class lectures and outside reading assignments. Students will be expected to do class presentations on various assignments. Will be covered in class :
- Preliminaries
- The Basics of Supply & Demand
- Consumer Behavior
- Individual & Market Demand
- Choice Under Uncertainty
- Production; the Cost of Production
- Profit Maximization & Competitive Supply
- Analysis of Competitive Markets
- Market Power :Monoploly& Monopsony
- Pricing with Market Power
- Monopolistic Competition and Oligopoly
- Game Theory & Competitive StrategyTEXTBOOK:
Pindyck/Rubinfeld, MICROECONOMICS, Pearson Prentice Hall.EVALUATION :
The final grade will be made up of a class participation, homework, case studies, a mid-term test and the final examination.
Course Disclaimer
Courses and course hours of instruction are subject to change.