APEC 801 - Microeconomic Theory and Behavior

Credit(s): 3

MICROECONOMIC THEORY
Component: Lecture
Study of consumer theory (e.g. deriving demand), theory of the firm (deriving supply), market equilibrium (putting demand and supply together) and market forms (perfect and not so perfect ones). Includes a look at more advanced approaches to microeconomic theory, such as social preferences, behavior in the commons, market failures, risk and uncertainty, and review of recent literature. Most our discussions will be based on applied topics. This course is math-heavy and will require a solid understanding of calculus.
Repeatable for Credit: N Allowed Units: 3 Multiple Term Enrollment: N Grading Basis: Student Option
Course Typically Offered: Fall