An application of microeconomic theory to firms and industries. Topics include market structure, pricing practices, advertising, antitrust, and public policy.
The theory of the consumer; theory of the firm and the industry; the analysis of price determination under a market conditions, ranging from pure competition to monopoly; constrained optimization.
An introductory study of the fundamental principles of the operation of the market system, the determination of national income, and the role of money in the economy.