This course introduces the principles of microeconomics at an intermediate level. Microeconomics deals with the issues related to the decision making of rational economic agents and to their interaction in a market. Students in this course will learn the principles on which the economic decision making by rational consumers and firms is based and the ways by which scarce resources are allocated in a market. Specifically, this course deals with various topics including optimization by consumers and firms, the comparative statics of optimized results, the concept of a partial market equilibrium, and allocation of resources in various types of market organizations.