313.670.01
Mathematical Microeconomics I
Course Status
Discontinued
Course Status
Discontinued
Location
East Baltimore
Term
1st Term
Department
Health Policy and Management
Credit(s)
3
Academic Year
2017 - 2018
Instruction Method
TBD
Tu, Th, 3:30 - 4:50pm
Auditors Allowed
No
Available to Undergraduate
No
Grading Restriction
Letter Grade or Pass/Fail
Course Instructor(s)
Contact Name
Frequency Schedule
Every Year
Resources
Prerequisite
an undergraduate course in calculus and economics or permission of instructor
Explores the core topics of microeconomics including: the theory of the consumer, theory of the firm, market equilibrium, and monopoly. Provides students with a graduate level introduction to economic theory while reviewing mathematical concepts and techniques. Utilizes calculus to determine first order conditions for utility maximization, cost minimization, profit maximization, and linear algebra to identity equilibrium. Fosters a greater understanding of how consumers and firms make decisions and how they interact in the market place.
Learning Objectives
Upon successfully completing this course, students will be able to:
- Demonstrate a working understanding of calculus and linear algebra
- Explain the economic definitions of demand, supply and equilibrium
- Use algebra and linear algebra in identifying market equilibrium
- Mathematically solve consumers’ utility maximization to determine demand
- Use minimization and maximization techniques to model firms’ decisions
- Solve economic problems facing society using mathematical techniques