This course develops the tools of modern microeconomic theory and notes their applications to matters of utility and demand; production functions and cost; pricing of output under perfect competition, monopoly, oligopoly, etc.; pricing of productive services; intertemporal decision-making; the economics of uncertainty; efficiency, equity, general equilibrium; externalities and public goods. A student may not receive credit for both ECON 300 and ECON 301.
Requisite: At least a "B" grade in ECON 111 or a "B-" in ECON 205-275, or equivalent, and MATH 111, or equivalent. Fall semester: Professor Reyes. Spring semester: Professor Kingston.