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: Limited to 30 students. Professor Kingston.
Spring semester: Limited to 30 students each section. Professor Baisa. Professor Hyman.
How to handle overenrollment: Maintain a waiting list, and give preference to majors or potential majors.
Students who enroll in this course will likely encounter and be expected to engage in the following intellectual skills, modes of learning, and assessment: Quantitative reasoning; regular readings, problem sets, quizzes, and exams.