Analysis of economic decision-making by individuals and firms, the resulting market outcomes, and applications to real-world problems. Emphasis on analytical logic and theoretical rigor. Topics covered include consumer preferences and utility maximization, perfect competition and market power, uncertainty and risk, externalities, and asymmetric information.
Prerequisites/Rules:
Minimum grade of C- in ECON200, ECON201, and ECON300. MATH241 plus any statistics course can be used in place of ECON300.
Restriction: Must be in Economics Bachelor of Science program.
Credit Only Granted for: ECON306, ECON326, or AREC326
Credits: 4
Grading Method: Regular, Pass-Fail, Audit
