ECON 401 - Intermediate Microeconomic Theory
Fall 2022, Section 001
Instruction Mode: Section 001 is  In Person (see other Sections below)
Subject: Economics (ECON)
Department: LSA Economics
See additional student enrollment and course instructor information to guide you in your decision making.

Details

Credits:
4
Requirements & Distribution:
BS, QR/1
Enforced Prerequisites:
MATH 115, 116, 121, 156, 176, 185, 186, 215, 285, 295, or 296; with a grade of C or better.
Advisory Prerequisites:
ECON 101 and 102.
Other Course Info:
F, W, Sp.
BS:
This course counts toward the 60 credits of math/science required for a Bachelor of Science degree.
Repeatability:
May not be repeated for credit.
Rackham Information:
Rackham credit requires additional work.
Primary Instructor:

Description

Microeconomic theory models the behavior of individuals and firms, and the properties of markets in which they interact. It provides foundations for current economic research, and for evaluating economic policies. We will discuss markets with perfect competition, without externalities, and without information frictions, and we will discuss markets that fall short of those ideal conditions. We begin by studying classical demand theory, which addresses how individual preferences and constraints lead to aggregate demand behavior. We’ll discuss firm and market supply and market equilibrium. We’ll introduce game theory, which addresses how strategic economic agents make decisions in environments where their actions are interdependent. Portions of the course focus on theories of monopoly and pricing. By learning to solve optimization problems using calculus, we will gain a better understanding of both economics and calculus.

Course Requirements:

Objective exams will assess conceptual understanding and problem-solving. Exams will be held in person.

Intended Audience:

This course is intended for Economics majors, as well as others with an interest in learning how microeconomic theory can be applied to questions that arise in society. The course is intended to be accessible to students with widely varying backgrounds who have fulfilled the pre-requisites.

Class Format:

Classes will be taught in person. Lectures will be recorded and available online.

Schedule

ECON 401 - Intermediate Microeconomic Theory
Schedule Listing
001 (LEC)
 In Person
11037
Open
2
 
35
MW 1:00PM - 2:30PM
Note: Students will be auto-enrolled in the lecture section 001 when they elect a discussion section; Students must attend evening exams, dates 9/22 8-10pm, 10-20 8-10pm, 11/15 8-10pm
002 (DIS)
 In Person
11038
Closed
0
10CSP
1
Th 10:00AM - 11:30AM
Note: Enrollment in Section 002 is by permission of instructor only, to be determined by an application process at a future date. For now, please register for one of the other discussion sections.
003 (DIS)
 In Person
25907
Closed
0
 
5
Th 10:00AM - 11:30AM
004 (DIS)
 In Person
11040
Closed
0
 
2
Th 11:30AM - 1:00PM
005 (DIS)
 In Person
18012
Closed
0
 
2
Th 1:00PM - 2:30PM
006 (DIS)
 In Person
25312
Closed
0
 
2
Th 1:00PM - 2:30PM
007 (DIS)
 In Person
11042
Closed
0
 
2
Th 5:30PM - 7:00PM
008 (DIS)
 In Person
11043
Closed
0
 
4
Th 2:30PM - 4:00PM
009 (DIS)
 In Person
11044
Closed
0
 
2
Th 2:30PM - 4:00PM
010 (DIS)
 In Person
25908
Closed
0
 
1
Th 11:30AM - 1:00PM
011 (DIS)
 In Person
11045
Closed
0
 
3
Th 4:00PM - 5:30PM
012 (DIS)
 In Person
23761
Closed
0
 
2
Th 1:00PM - 2:30PM
013 (DIS)
 In Person
25313
Closed
0
 
-
Th 11:30AM - 1:00PM
014 (DIS)
 In Person
17066
Closed
0
 
3
Th 4:00PM - 5:30PM
015 (DIS)
 In Person
11041
Closed
0
 
2
Th 4:00PM - 5:30PM
016 (DIS)
 In Person
25905
Closed
0
 
2
Th 8:30AM - 10:00AM
017 (DIS)
 In Person
25906
Closed
0
 
1
Th 8:30AM - 10:00AM
018 (DIS)
 In Person
11039
Closed
0
 
1
Th 8:30AM - 10:00AM

Textbooks/Other Materials

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Syllabi

Syllabi are available to current LSA students. IMPORTANT: These syllabi are provided to give students a general idea about the courses, as offered by LSA departments and programs in prior academic terms. The syllabi do not necessarily reflect the assignments, sequence of course materials, and/or course expectations that the faculty and departments/programs have for these same courses in the current and/or future terms.

Click the button below to view historical syllabi for ECON 401 (UM login required)

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CourseProfile (Atlas)

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CourseProfile (Atlas)