Interm Microeconomics

PREREQUISITES: (ECON-UA 2 OR ECON-UA 9002 OR ECON UB 1 OR ECI-UF 1002 OR ECON-AD 101 OR ECON-SHU 2 OR OR ECON-SHU 3 OR AP Microecon with score of 4 or 5) AND (MATH-UA212 Or MATH-UA 9212.

STUDENTS MUST ALSO REGISTER FOR RCT SEC .005 or .006.

Examines the manner in which producers, consumers, and resource owners acting through the market determine the prices and output of goods, the allocation of productive resources, and the functional distribution of incomes. The price system is seen as a network of interrelated decisions, with the market process serving to communicate information to decision makers.