Intermediate Microeconomic Analysis Fall 2000. We will study how markets perform a wide variety of circumstances. This observation will be made using the concepts of optimization and equilibrium.
Optimization is the process of making decisions that are superior to any alternatives.
Understanding this concept helps to predict the behavior of potential customers, suppliers and rival firms. Equilibrium helps to predict potential pricing and output decisions of firms as well as consumption and savings behavior of firms. Attendance is not mandatory and is not monitored. Your own ambition to do well in this course should be sufficient incentive to regularly attend. My past experience tells me that the most successful students attend class regularly and keep up with the work.