This course is an undergraduate-level microeconomics, a main theme in economics. We will study and discuss concepts in economics as an extension and exploration what you have learned in the introductory class. We will discuss in more rigorous way in conceptualizing economic theory, especially consumer’s behavior. Math will be utilized throughout the course so make sure you have good foundations of math, especially calculus.   

       Upon the completion of the Microeconomics I course; students are expected to be able to:

1. Define concepts in intermediate consumer theory, including preference, utility, choice, demand, revealed preference, Slutsky’s equation, intertemporal choice, consumer surplus, market demand, and equilibrium. 
2. Understand concepts in consumer theory, including preference, utility, choice, demand, revealed preference, Slutsky’s equation, intertemporal choice, consumer surplus, market demand, and equilibrium.
3. Apply intermediate consumer theory in simple economic cases using the concepts in point 1 and 2.
4. Demonstrate an ability to analyze simple economic problems (problem solving) in the scope of intermediate consumer theory in point 1 and 2.