Microeconomics I

3 units

The first of a two-semester graduate sequence in microeconomic theory. The first semester considers production and costs, supply of output and demand for inputs, demands for final products, choice under uncertainty, introduction to market structure and game theory, time and capital. Prerequisite: Econ 508 (taught in August prior to the Fall term) and Econ 511 (to be taken concurrently), or with permission of instructor.