This class was tough.
Course Overview:
Consumer theory is the study of why people make the decisions that they do, and figuring out how to maximize the materials that they can. I find that incredibly interesting, that you can put numbers and math to how people make decisions.
Course highlights:
We learned about demand, how to make markets more efficient (so as the most amount of people can make the best of their resources), and understanding the fundamental principles of Economics.
Hours per week:
6-8 hours
Advice for students:
It is essential that after the lectures you spend the time and review the material on your own. It is hard to always understand everything that is covered in lecture, so part of your homework is to go over it yourself.
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