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: MATH 111, or equivalent and at least a "B" grade in ECON 111/111E or a "B-" in ECON 200–290, or equivalent. Fall semester, Professor Hyman: Limited to 25 students. Fall semester, Professor Baisa: Limited to 30 students. Spring semester, Professor Baisa: Limited to 50 students.
If Overenrolled: Maintain a waiting list, and give preference to majors or potential majors.