Economics 3501 Section 002
Intermediate Microeconomic Theory
The prerequisites are threefold. First, students must have taken Economics 1101, Economics 1102, Statistics 1001, and Statistics 1102 (or the equivalents). Second, they must be fluent in basic algebra and comfortable with abstract argument.† We will use some very elementary calculus on occasion. Third, they must be ready to attend class regularly and do several hours of homework each week.
The text is Robert Frank, Microeconomics and Behavior (
composed of consumers and firms that interact via supply and demand.† After an overview of supply and demand we
will look closely at consumers and how their purchase decisions are formulated.† We will then examine cost and
production.† The theory of cost will be
used to analyze how firms choose output and price under different market
structures.† The circle will be closed by
investigating the firmís choice of the level of employment.
My phone number, e-mail address, and other vital statistics are posted on the web site for this course: http://isc.temple.edu/economics/password_req/classes.htm
Andrew J. Buck
Department of Economics