313.670.01 MATHEMATICAL MICROECONOMICS

Explores the essential topics of microeconomics: assumptions about markets, theory of the consumer, theory of the firm, market equilibrium, market failure, public goods, government intervention and game theory. Provides students with a graduate level introduction to microeconomics and will utilize both linear algebra and calculus. While discussion focuses predominately on first order conditions, students are encouraged to examine second order conditions, and other advanced theory and methods such as Kuhn-Tucker conditions, duality, and envelope theorems.

After completing this course, students should be able to discuss how consumers and firms make decisions; demonstrate how they interact in the market place; and assess the potential role of the government in correcting market failures.