Cmty Dev & Apld Econ: Microeconomics for Appl Econ

The study of economic choices of individuals and firms, and the analysis of competitive and noncompetitive markets. Emphasis on application of intermediate microeconomic theory. Prerequisites: CDAE 2020 or equivalent.

Prereqs: CDAE 1610 or equivalent and MATH 1212 Open to degree and PACE students

This course provides an in-depth exploration of microeconomic principles and their application to real-world economic issues. Students will learn how individual and firm-level decisions impact market outcomes, resource allocation, and economic efficiency. The course covers key topics such as supply and demand analysis, consumer behavior, production and costs, market structures, and the role of government in the economy. Through a combination of theoretical frameworks and practical case studies, students will develop the analytical skills necessary to apply microeconomic concepts. By the end of the semester, students will be equipped to critically evaluate economic problems and propose informed solutions.

Understand fundamental microeconomic theories and models. Analyze market behavior and outcomes using supply and demand principles. Evaluate consumer choices and firm production decisions. Examine different market structures and their implications for competition and efficiency. Assess the impact of government policies on economic activities.