The course discusses behaviors of households and firms, how do they make choices to maximize their objectives from limited amount of resources available to them. The consumer theory analyzes buying behavior of consumers, whereas the producer theory analyzes selling behavior of producers. The third part of the course evaluates market's performance in allocation of resources and examines roles of government whenever market fails to efficiently allocate resources. I will also provide web notes on many topics discussed in the class.
Every student is encouraged to attend recitations.
Exercises, old tests, and your questions would be discussed.