ECO 725 Microeconomics

Theory of consumer behavior and of the firm; market and multimarket equilibrium and stability; and varieties of imperfect competition are covered. Coverage includes theories of consumer and producer behavior in the context of a variety of real world problems. Applied examples will be drawn from fields including: information economics, environmental economics, economics of regulation, industrial organization, law and economics, natural resource economics, public finance, labor economics and regional and urban economics. For each sub-discipline covered, the most important economic model will be discussed and a review of the major research studies, techniques and empirical evidence will be undertaken.