313.670.01
Mathematical Microeconomics I

Discontinued

Location
East Baltimore
Term
1st Term
Department
Health Policy and Management
Credit(s)
3
Academic Year
2018 - 2019
Instruction Method
TBD
Class Time(s)
Tu, Th, 3:30 - 4:50pm
Auditors Allowed
No
Available to Undergraduate
No
Grading Restriction
Letter Grade or Pass/Fail
Course Instructor(s)
John Bridges
Contact Name
John Bridges
Frequency Schedule
Every Year
Prerequisite

an undergraduate course in calculus and economics or permission of instructor

Description
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:
  1. Demonstrate a working understanding of calculus and linear algebra
  2. Explain the economic definitions of demand, supply and equilibrium
  3. Use algebra and linear algebra in identifying market equilibrium
  4. Mathematically solve consumers’ utility maximization to determine demand
  5. Use minimization and maximization techniques to model firms’ decisions
  6. Solve economic problems facing society using mathematical techniques
Instructor Consent
No consent required