Micro Theory, with Implications & Applications

Catalog description

This course establishes core theoretical foundations for a variety of other courses in the program, including Macro Theory, Economic Policy, and Econometrics. Consumer theory, the Theory of the Firm, Production economics, Competitive markets, Monopoly, and Equilibrium, and others, are all potential topics in this course. The course includes an introduction to applied multi-equation models (MEM) as a natural but applied extension of theoretical models. The MEM curriculum, a bridge from theory to application, provides a natural setting for the study of causality, including the direction of causality, the implications of causality, and flowchart representations.