3 credits
Spring 2025 Lecture Upper Division
This course develops advanced microeconomic models of consumer and producer choice. All theory will be derived from mathematical first principles and will rely heavily on applications of calculus, with motivating examples and case studies drawn from topics in agricultural and resource economics. The course will also cover basic numerical simulation methods in tandem with the theory; the aim is for students to be able to simulate and quantify economic phenomena using real-world examples related to the theory.
Learning Outcomes1Analyze and explain consumer, firm, and market behavior using mathematics and graphs.
2Evaluate critically the impact of policies or other shocks on economic welfare from the perspective of economic theory.
3Calibrate numerical models and use them to simulate economic phenomena.
4Communicate the intuition behind key economic results.
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Attachments
made by Purdue students.