Course Page

Foundations of Microeconomics: Applications and Theory

Course Number:

73160


Faculty

Stephen Spear, ss1f@andrew.cmu.edu


Program

Undergraduate Economics


Concentrations

Minor in Economics, Required


Course Description

SPRING The theory of resource allocation and its application: how consumers and firms interact through markets.   Topics include theory of choice, consumer theory, theory of the firm, profit maximizing behavior in differing market structures, distortions in competitive markets, market failures, game theory. Elementary techniques from multivariate calculus are introduced and applied, but prior knowledge is not assumed. (Lecture, 3 hours: Recitation: 1 hour). Minimum grade of "C" required in all economics pre-requisite courses.

Format

Lecture: 100min/wk and Recitation: 50min/wk


Pre-requisites

None