What is the primary focus of ECO3223 at UCF?

The primary focus of ECO3223 at the University of Central Florida is on intermediate microeconomic theory. This course delves into the principles and concepts related to the behavior of consumers and firms, market structures, and the factors determining supply and demand. It critically examines how individuals make decisions regarding resource allocation and how these decisions affect market outcomes.

In intermediate microeconomic theory, students learn about utility maximization, budget constraints, production functions, cost analysis, and the implications of different market forms like perfect competition and monopoly. This enables a deeper understanding of how economic agents interact within various market contexts and the resulting impacts on efficiency and welfare.

While other areas such as macroeconomic theory, environmental economics, and global economic policy are important aspects of economics, they are not the central theme of ECO3223. Instead, this course builds on foundational microeconomic concepts to give students a comprehensive view of consumer and firm behavior in economic analysis.