Not too easy. Not too difficult.
Course Overview:
This course develops the economic theory of consumer choice, which will be handled in depth in intermediate courses.
Course highlights:
optimal choices for consumers given their incomes and preferences, as well as the relative prices of different goods. This course develops tools for analyzing how these optimal choices change when relative prices and consumer incomes change. Finally, this course presents several measures of consumer welfare. Students learn how to evaluate the impact of taxes and subsidies using these measures.
Hours per week:
6-8 hours
Advice for students:
A strong calculus knowledge is highly recommended before taking this course.
Not too easy. Not too difficult.
Course Overview:
This course develops the economic theory of consumer choice. This theory characterizes optimal choices for consumers given their incomes and preferences, as well as the relative prices of different goods
Course highlights:
This course develops tools for analyzing how these optimal choices change when relative prices and consumer incomes change. Finally, this course presents several measures of consumer welfare. Students learn how to evaluate the impact of taxes and subsidies using these measures. Completion of ECON 19800 is strongly recommended of students without a prior microeconomics course.
Hours per week:
6-8 hours
Advice for students:
You need some bit of knowledge in calculus to pass this course