Course Description & Objectives:
- Equilibrium of the firm and industry.
- Basic characteristics of demand and supply.
- Market structures (monopoly, perfect competition, oligopoly, monopolistic competition).
- Factor markets and income distribution, production function and cost function. Resource supply and factor market equilibrium.
- Factor employment equilibrium and elementary theory of distribution.
- General equilibrium and welfare economics.
- Input-output analysis
TOU 3201.doc