Economics | Intermediate Microeconomic Theory
E321 | 9188 | Chang

This is a course on microeconomic analysis.  The key word is
analysis.  Economics is a tool for understanding the world.  The
approach taken in this course is problem-solving.  Iíll show you what
the subject is all about, and also show you how to apply it.  It is
my belief that you truly understand economics when you are able to
apply them to real-world problems.  The examples in the text and the
problem sets assigned should give you plenty of practice.  I also
supplement materials in class.  Exam questions are constructed

The course has six parts.  The first part, Equilibrium and Gains from
Trade, is essentially a review of E201.  Students are responsible for
the material there.  The course formally begins with the Theory of
Demand.  Then we move on to the Theory of Supply, Welfare Economics,
and Imperfect Competition.  These four parts constitute the core of
the course.  The last part, Income Distribution, will be covered if
time warrants.

The questions on the exams are all essay questions, including some
computational problems.  Rigor in your reasoning is required to
receive full credit.  Many questions are similar, if not identical,
to problems discussed in the text, in class, and the assigned problem
sets. There are no provisions for make-up exams.  But if a student
has a legitimate excuse for missing one, the weight of his/her final
will be increased enough to make up the points missed.  Excuses
should be obtained in advance of scheduled exams. There will be NO
extra credit in this course.