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Course Description
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Economics 220: Intermediate Microeconomic Analysis
The American Business School in Paris
Paris, France

Subject Area(s) Level(s) Instruction in Credits Contact Hours Prerequisites
Economics 200 English 3 45 Economics 120 (Microeconomics) or equivalent

This course builds upon the foundations put into place in ECO 120. It includes topics of current interest and incorporates the latest research in economic modeling.

To provide students with the knowledge and practical methods to apply the general principles of microeconomics to business problems.

The course consists of class lectures and outside reading assignments. Students will be expected to do class presentations on various assignments. Will be covered in class:

- Preliminaries
- The Basics of Supply & Demand
- Consumer Behavior
- Individual & Market Demand
- Choice Under Uncertainty
- Production; the Cost of Production
- Profit Maximization & Competitive Supply
- Analysis of Competitive Markets
- Market Power: Monopoly & Monopsony
- Pricing with Market Power
- Monopolistic Competition and Oligopoly
- Game Theory & Competitive Strategy

Microeconomics, Pindyck/Rubinfeld, Prentice Hall, 7th Edition, 2008

The final grade will be made up of a class participation, homework, case studies, a mid-term test, and the final examination.

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