AEM 6700

Economics of Consumer Demand

Course Description

Course information provided by the Courses of Study 2024-2025. Courses of Study 2024-2025 is scheduled to publish mid-June.

This is a course based in economic theory and its empirical applications, focusing on consumer demand. We will study the core of consumer theory and essential mathematical economics to understand how researchers, private businesses and policymakers use models of consumer behavior and demand response to support decision-making. We will identify relevant consumer demand related problems/issues; analyze how economic theory can help us shed light on these problems/issues; employ basic quantitative models to understand how to use and analyze data to understand consumer demand and behavior; and discuss how theory and empirical models can support decision-making in the real world.

When Offered Fall.

• Describe the theories and the types of data available to analyze consumer demand.
• Identify a variety of applied models that address fundamental problems in consumer demand.
• Implement framing, solving and communicating solutions to demand.
• Demonstrate preparedness for advanced courses in microeconomics.

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