Intermediate Microeconomics--Fall 2010
T /Th 10:00-11:20, D-33; 4 credits
This course covers the core theory of contemporary neoclassical microeconomics. The primary focus is on prices, markets, and market failures from the perspectives of individual decision-makers (e.g., consumers, producers, workers) but with an eye toward system performance (e.g. efficiency, equity, dynamism, environmental quality.) Familiarity and facility with this material is essential if you wish to participate in many of the academic and policy dialogues driven by economists on such matters as antitrust, welfare reform, agricultural price supports, minimum wage, environmental quality, and trade. Microeconomic insights into these and many other matters are substantial. In addition, you will learn something about personal and business decision-making, especially under conditions of risk and uncertainty. Finally, this course is a prerequisite for most advanced undergraduate work in economics and is required or recommended for many graduate and professional programs in business, law, or policy.
In a traditional departmental structure, this is a second-level course, with an introductory Ã¢â‚¬Å“principlesÃ¢â‚¬Â course as a prerequisite. At Marlboro, introductory economics courses are broadly-based surveys of the discipline and are not designed primarily as preparations for Ã¢â‚¬Å“intermediateÃ¢â‚¬Â theory. While there is no specific prerequisite for this course, keep in mind that we will move pretty quickly through the material, so you should give careful thought to whether this is the right course for you. You should consider taking an introductory course instead of this one if you are new to college-level work, have no familiarity with economics as an academic field, and/or are not comfortable with the use of graphical and algebraic analysis.
(See full syllabus below)