Analysis of economic decision-making by individuals and firms, the resulting market outcomes, and applications to real-world problems. Emphasis on analytical logic and theoretical rigor. Topics covered include consumer preferences and utility maximization, perfect competition and market power, uncertainty and risk, externalities, and asymmetric information.
Minimum grade of C- in ECON200, ECON201, and ECON300. MATH241 plus any statistics course can be used in place of ECON300. Restriction: Must be in Economics Bachelor of Science program. Credit Only Granted for: ECON306, ECON326, or AREC326
Grading Method: Regular, Pass-Fail, Audit