Prerequisites: ECON 003 with a grade of “C-” or better; MATH 009A (or MATH 09HA)
Description: A calculus-based course that addresses developing theories of consumers and firms. Provides the foundation for partial equilibrium study of competitive and monopoly markets. Explores derived welfare properties of competitive markets as benchmarks for evaluating monopolies. Develops theories of monopoly pricing and strategy. Evaluates alternative policies as related to monopoly.
Credit: Credit is awarded for only one of ECON 102 or ECON 104A.