ECON 502

spring 2011

All Classes

Microeconomic Theory I

Credit: 4 hours.

Introduction to the models and methods of modern microeconomic theory, concentrating on individual and firm decision making and on industry equilibrium; brief treatment of general equilibrium theory and welfare analysis. Topics include: consumer utility and demand theory; production and cost functions; firm supply, input demand, and price behavior; competitive, monopolistic, and oligopolistic industry analysis; and distribution theory. Prerequisite: ECON 302 and ECON 303, or equivalent; calculus.

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