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Course Description

Summary

Economic decisions are usually taken under constraints. These constraints may include limited budget, limited time, or limited information available to people. Choice Theory in economics provides us with a way to make sense of these decision patterns for individuals and for groups, and to describe how the patterns might change when the constraints change. This is an advanced level course in microeconomics. We will use graphs and mathematical formulations to express the key concepts in formal terms. For this, a grasp of high-school algebra, calculus and geometry is required. Prerequisites for the course include at least one 2000-level course in economics and a course in mathematics. Additionally, prior approval of the course instructor is required. Students should email the instructor with an expression of interest by November 30th.