Microeconomics

Catalog description

Introduces the neoclassical theory of price determination. Includes supply and demand analysis, production and cost theory, market structures, externalities and public goods, factor payments, income distribution and informational asymmetries. (SS) Prerequisite: MTH 0111 or MTH 1011 or MTH 1012 or MTH 1000 or MTH 1001 or MTH 1002 or MTH 1010 or MTH 1020 or MTH 1051 or MTH 1603 or MTH 1701 or MTH 1702 or MTH 1703 or MTH 2001 or MTH 2051 or MTH 2201 or MTH 2202 or MTH 2332 or MTH 2401 .