ACSI 4220 - Mathematics of Pricing Theory

3 credit hours

Prerequisites: ACSI 4200/MATH 4200 and ECON 2410, ECON 2420; or consent of instructor. Applies calculus and theory of interest tools to intermediate topics in microeconomics. Topics include mathematics of supply, demand, and equilibrium; prices, costs, and the gains from trade; consumer behavior; elasticities; competition; monopoly; market power, collusion, and oligopoly; the mathematics of risk and uncertainty; and surplus economics. For students in Actuarial Science, a preparatory course for a Society of Actuaries/Casualty Actuarial Society VEE (validation by educational experience) course.

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