Building on the principles of microeconomics, this course covers the market and the equilibrium including the budget constraint, revealed preference and inter-temporal choice; the industrial organization and profit maximization; game theory; welfare economics; information technology and asymmetric information.
- Analyze how equilibrium price and output are determined simultaneously with the market demand and market supply
- Analyze revealed preference and inter-temporal choice
- Evaluate the industrial organization and profit maximization
- Evaluate the usefulness of game theory and its application
- Analyze the tenets of welfare economics
- Evaluate the impact of information technology and asymmetric information on our economy
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