EC 312 - Microeconomic Theory

Study of economic theory and applications at the “micro” level. Topics include the development of demand theory, the determination of optimum output levels for the individual firm and industry, and determination of rewards for inputs to production. The propositions of welfare economics are considered, and general equilibrium analysis provides an overview of the system as a whole.

Prerequisites: EC 101 or EC 103.

Credits: 4 cr.