Intensive examination of the theories of utility and demand, production theory, and cost functions in the short and long run, culminating in the price-output models of perfect competition and monopoly. Problems and applications are heavily used to acquaint students with the implications of the theoretical concepts.
Prerequisite: ECO 1001 and ZICK or ZKTP Student Group or ASCI-BA Plan or ECO-BA Plan or Minor TRECO-MIN Plan with 45 credits.