2017 - 2018

1011-2103-11
  Intermediate Micro - A                                                                               
FACULTY OF SOCIAL SCIENCES
Hadar WeismanSchool of Economics012Sun1000-1200 Sem  2
 
 
University credit hours:  2.0

Course description
The course covers the basics of consumer and firm behavior. The part on consumer behavior includes the analysis of preferences, utilities, indifference curves, budget sets, and consumer demand. The supply of labor, inter-temporal demand, and uncertainty will be discussed. The part on firm behavior includes an analysis of the firm's technology, production function, cost function, and profit function. The demand for factors of production would be explained. The short and long horizon would be discussed, as well as the notion of sunk costs.

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