Not too easy. Not too difficult.
Course Overview:
Analysis of consumer and producer decisions including analysis of competitive and monopolistic markets.
Course highlights:
Price-based partial and general equilibrium analysis. Introduction to game theory as a foundation for the strategic analysis of economic situations. Imperfect competition, dynamic games among firms. Failures of general equilibrium theory and their resolutions: externalities, public goods, incomplete information settings, signaling, screening, insurance, alternative market mechanisms, auctions, design of markets.
Hours per week:
6-8 hours
Advice for students:
Heavily depends on algebra and calculus to pass on points.