MICROECONOMICS I

3 credits.

First course in a two-semester sequence covering: consumer theory, producer theory, and markets under partial and general equilibrium, and with externalities or market power. The sequence will include an introduction to decision theory and game theory, and applications to auction theory and partially informed trade. It is expected that students will have completed three semesters calculus (such as MATH 234 ) and linear algebra (such as MATH 340 ).