Description:
Consumption theory, including choice under uncertainty. Theory of production in perfectly competitive markets. General equilibrium in the presence of perfect competition. Efficiency properties of competitive equilibria.
Credits:
Total Credits:
Credits: 3 Lecture/Recitation/Discussion Hours:3
Description:
Consumption theory, including choice under uncertainty. Theory of production in perfectly competitive markets. General equilibrium in the presence of perfect competition. Efficiency properties of competitive equilibria.
Credits:
Total Credits:
Credits: 3 Lecture/Recitation/Discussion Hours:3
Restrictions:
Open to doctoral students in the Eli Broad College of Business and The Eli Broad Graduate School of Management or in the Department of Agricultural, Food, and Resource Economics or in the Economics major or approval of department.
Description:
Consumption theory, including choice under uncertainty. Theory of production in perfectly competitive markets. General equilibrium in the presence of perfect competition. Efficiency properties of competitive equilibria.
Credits:
Total Credits:
Credits: 4 Lecture/Recitation/Discussion Hours:3 Lab Hours: 2
Restrictions:
Open to doctoral students in the Department of Agricultural, Food, and Resource Economics or in the Department of Economics or in the Department of Finance or approval of department.
Description:
Decision theory under certainty and under uncertainty. Demand theory. Production and general equilibrium in competitive markets. Social choice. Mathematical foundations, reviewing analysis and linear algebra.