Microeconomics I

Professor: Smith
Units: 1.0
Core Course

Economic models provide a tool for anticipating the consequences of policy decisions and evaluating their effectiveness. These models are used in the analysis of traditional economic issues like compensation policy and minimum wages as well as the analysis of health care, education, law, and other areas. This course provides a background in microeconomic theory that is used in policy analysis. The main topics are consumer theory, theory of the firm, and partial equilibrium analysis.