Principles of Microeconomics

Undergraduate / Graduate

This course introduces the principles and applications of price theory, which is a fundamental framework to analyze the decision-making of individuals and firms. The course is designed to develop problem-solving skills, both analytically and numerically, for students to be successful in subsequent coursework in the major. Coverage includes consumer theory, producer theory, determinants of demand and supply, market structures, equilibrium and welfare analysis, government intervention, international trade policy, and market failure and externalities. Students may substitute "Econ 20000: The Elements of Economic Analysis I" for this course in the business economics track.