EC550_Sp09 - Cal Poly Pomona, Spring 2009 Professor: Bruce...

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Cal Poly Pomona, Spring 2009 Office: 1-339; Phone: (909) 869-5074 Professor: Bruce Brown email: bbrown@csupomona.edu Wednesdays 6-9:50 PM, Room 5-255 Office Hrs. Tu 9 AM-12; Wed 4-6 PM ECONOMICS 550 – Microeconomic Analysis - CRN 32997 Course Description and Objectives: This course focuses on the behavior of economic agents (consumers, firms, & government) and how they interact in markets to determine prices and allocate goods. It presents supply, demand, and the underlying optimization problems of consumers and producers. It illustrates the different outcomes which result from different levels of competition. A theoretical role for government to increase efficiency in markets with public goods, externalities, and how asymmetric information leads to the problems of adverse selection and moral hazard problems will be presented. Graphs and math including calculus will be used to illustrate theory and concepts. The emphasis will be on problem solving. Many numerical problems will be solved during class, problem sets will be assigned nearly each class meeting, and exams will require solving numerical and graphical problems. Although all problem sets will be turned in individually, working and studying in groups will be very beneficial. Students should get to know other students and communicate with them outside of class.
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EC550_Sp09 - Cal Poly Pomona, Spring 2009 Professor: Bruce...

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