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

Fall 2004

ECO 304K • Introduction to Microeconomics-Honors

Unique Days Time Location Instructor
31265 MWF
11:00 AM-12:00 PM
WAG 420
Geraci

Course Description

This course provides an introduction to the theory of how consumers and business firms behave in the market economy. The topics include demand and supply in a competitive market, optimal consumption choice by the individual household given its budget constraint, the producer's costs and output decisions, the demand for labor and other inputs, and economic outcomes under product demand structures ranging from perfect competition to pure monopoly. Each student writes a substantive paper in which microeconomic principles are used to analyze an industrial application.

Grading Policy

There is a midterm exam, a final exam, and a research project.

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