Principal methods of economic analysis of the production activities of firms, including production technologies, cost and profit, and perfect and imperfect competition; individual choice, including preferences and demand; and the market-based system, including price formation, efficiency, and welfare. Practical applications of the methods presented. Prerequisite: microeconomics and welfare economics. Recommended: MS&E 111 or MS&E 211, and ECON 50.
3-4 units · Letter or Credit/No Credit
Principal methods of economic analysis of the production activities of firms, including production technologies, cost and profit, and perfect and imperfect competition; individual choice, including preferences and demand; and the market-based system, including price formation, efficiency, and welfare. Practical applications of the methods presented. Prerequisite: microeconomics and welfare economics. Recommended: 111 or 211, and ECON 50.
Offered in Winter 2027 at Stanford University.