College of Arts and Science, College of Business
Theory of rational behavior in consumption, production, and pricing decisions of households and firms. Partial equilibria in product and factor markets under competition, monopoly, oligopoly and monopolistic competition. A brief introduction to general equilibrium and welfare economics is provided. Calculus is employed. No credit for students who have completed ECONOM 3251. Prerequisites:(ECONOM 1014 or ECONOM 1024 or ABM 1041) and MATH 1400 or equivalent. Honors eligibility required.