3 credits
Spring 2026 Lecture
Provides students with the capability to apply microeconomic theory and econometrics to analyses of economic issues and problems. Students will work through applied producer/consumer problems to gain experience in the uses of econometric estimation. Topics include: primal-dual approaches, direct and indirect functions, flexible functional forms, static optimization, separability and aggregation, risk and expectations, dynamics and demographics. Examples are drawn from both consumer and producer applications.
Learning Outcomes1Apply microeconomic theory and econometric tools to work on real-world economic problems and issues.
2Test hypotheses derived from theory under the assumptions of the various constructs.
3Extend theories of producer or consumer behavior to novel research contexts.
Prerequisites
Restrictions
made by Purdue students.