Econ 601. Microeconomic Analysis I

• Credits: 4.
• Prerequisites: 301, previous or concurrent enrollment in 600 and permission of Director of Graduate Education.

Economic theory and methodology; theory of consumer behavior, theory of the competitive firm, supply and factor demand; duality relations in consumer and producer theory, welfare change measures; partial equilibrium analysis, perfect competition, monopoly; choice under uncertainty, the expected utility model, risk aversion; insurance, portfolio and production decisions under risk.