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Jason Abrevaya, Chair 2225 Speedway, Stop C3100, Austin, TX 78712 • Admin: 512-471-3211 & Advising: 512-471-2973

Spring 2007

ECO 420K-H • Microeconomic Theory - Honors

Unique Days Time Location Instructor
33155 TTh
9:30 AM-11:00 AM
9:00 AM-10:00 AM
BRB 1.120
BRB 1.120

Course Description

The primary objective of the course is to study contemporary theories of the principal determinants of prices and the role of prices in economic organization. The course will emphasize the fundamental concepts of microeconomics and provide concrete examples of their application. The course will cover the demand and supply theories for competitive markets, some instances of market power, basics of the game theory, choice under uncertainty, and equilibrium in an exchange and production economy. Contact Dr. Trejo for additional details about honors section of course

It may surprise you that this course emphasizes the kind of careful reasoning that you'd expect to find in a mathematics course or a course in the hard sciences. For those who enjoy the sciences and math, this is exciting news. For those who have always tried to avoid science and math, it may be a bit frightening. If you find yourself in the latter group, it is fair to warn you that economics is far more analytic in nature than are history, literature, political science, or sociology. Even so, the mathematics we use in this course is pretty simple. If you did respectably in the prerequisite courses, and if you are willing to work hard at the textbook and the workbook, you are likely to succeed in this course. The ability to solve problems and to do careful analytical reasoning is a learned skill like skiing or tennis. By the middle of the course you may surprise yourself at how good you are getting at problem solving. Better yet, you are likely to enjoy it. But only if you work hard.

Grading Policy

Your grade for the course will be determined by your performance on four midterm exams and a class project


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