The subject of this course are individuals' and firms' economic choices, and the way in which these choices interact in markets. We shall also discuss ways in which the performance of markets can be evaluated. The course will emphasize theory over data. Empirical methods are taught in other courses, but the theories developed here form the basis of much empirical work. We shall use mathematical tools such as graphs, equations, and calculus.
Course Requirements:
This course is very work intensive with weekly required problem sets, two midterms and a final. Students who want to take this course should plan their semester so that they have sufficient time for the work required by this course.
Students will be evaluated on the basis of homeworks and exams.
Intended Audience:
This course is primarily for undergraduate students who are planning on declaring a major or a minor in Economics.
Graduate students cannot enroll for this course before classes start because the course is primarily for the undergraduates.
It is important that students come into the course with a sufficient mathematical background. This is why the mathematics prerequisites are enforced strictly.Class Format:
There will be lectures as well as regular sections. Students can practice problem solving in the sections.