Listed in: Economics, as ECON-300
Formerly listed as: ECON-54
This course develops the tools of modern microeconomic theory and notes their applications to matters of utility and demand; production functions and cost; pricing of output under perfect competition, monopoly, oligopoly, etc.; pricing of productive services; intertemporal decision-making; the economics of uncertainty; efficiency, equity, general equilibrium; externalities and public goods. A student may not receive credit for both ECON 300 and ECON 301.
Requisite: MATH 111, or equivalent and at least a "B" grade in ECON 111/111E or a "B-" in ECON 200–290, or equivalent. Limited to 50 students. Fall semester: Professors Baisa and Hyman (team teaching). Spring semester: Professor Baisa (one section), Professor Hyman (one section). Limited to 40 students per section.
If Overenrolled: Maintain a waiting list, and give preference to majors or potential majors.