ECON 4100 Intermediate Microeconomics II
4 semester hours
Microeconomic theory applied to the public sector. General equilibrium theory for exchange and production economies, First Theorem of Welfare Economics, public goods, Samuelson condition, externalities and policy remedies, information theory and social insurance, intertemporal choice, uncertainty, cost-benefit analysis, welfare economics and income redistribution.
Prerequisite: ECON 3100 with a grade of at least C-.