|Elective, Credits||Compulsory Elective 2 credit [Department of Economics]|
This course provides an intermediate level of microeconomics. Part I is divided into two parts. First, we deal with the basic theory of consumer choice, and apply it to the analysis of the work-leisure decision, and the consumption-saving decision. Second, we study the firm's behavior in perfect competitive markets in the short run, and in the long run.