EC 224 - Intermediate Microeconomics
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EC 224 - Intermediate Microeconomics
Spring 2026 | Mon/Wed 5:00-6:20 PM | Smith Tech Center 100
Instructor & Office Hours
Onur Altindag Office: Rauch Administration Building (RAU) 019F Email: oaltindag@bentley.edu
Course Overview
This intermediate microeconomics course provides an analytical approach to economic interactions between individuals, firms, and governments. You’ll study the price mechanism, production, and economic behavior in different market settings using utility functions, isoquant analysis, and game theory.
Important Dates & Grading
| Component | Date | Weight |
|---|---|---|
| Weekly assignments + participation | Throughout semester | 25% |
| Midterm 1 | Monday, Feb 23, 2026 | 20% |
| Midterm 2 | Wednesday, Apr 1, 2026 | 25% |
| Final Exam | Fri, May 1, 5:00-7:00 PM | 30% |
Course Materials
- Syllabus (PDF) - Full course details & policies
- Course Notes (PDF) - My handwritten lecture notes. These are supplementary materials to help you follow along, not a replacement for the textbook. They may contain gaps or errors, so use at your own discretion.
- Handouts (PDF) - In-class handouts and exercises
MindTap (Required)
Access the course textbook and homework assignments through MindTap. You must create an account using your Bentley email to access course materials.
Topics Covered
Part I: Consumer Theory
- Utility, Preferences, and Choice (Ch. 2)
- Demand Curves (Ch. 3)
- Uncertainty (Ch. 4)
Part II: Game Theory
- Strategic Interaction (Ch. 5)
Part III: Producer Theory
- Production (Ch. 6)
- Costs (Ch. 7)
- Profit Maximization and Supply (Ch. 8)
Part IV: Market Structures
- Perfect Competition (Ch. 9)
- Monopoly (Ch. 11)
- Imperfect Competition: Cournot, Bertrand, Stackelberg (Ch. 12)
Chapter references from Nicholson and Snyder’s Microeconomic Theory.