Course Detail

Microeconomics (33001)

Course Description by Faculty

  • Shivakumar, Ram
  • Content
    This course introduces the fundamental concepts, models & theories of microeconomics. The goal is to enable you to think like an economist: to frame problems in economic terms, to propose solutions that address the central issues and to assess the tradeoffs. The course emphasizes three general lessons. First, many fundamental insights on how & why markets function the way they do can be obtained using a supply & demand model. Second, incentives & constraints tell us quite a lot about why consumers, firms and organizations make the decisions they do. Third, efficiency is a very useful criterion for comparing alternative markets & institutions.
  • Prerequisites
    It is assumed that you have a working knowledge of basic calculus & algebra.
    • No non-Booth Students

  • Materials
    The required readings include chapters from a textbook and articles from magazines and newspapers.
  • Grades
    Course grades are based on problem sets, a mid-term exam, and a final exam. Cannot be taken pass/fail. No provisional grades. No auditors. No non-Booth students.
    • No auditors

    • No pass/fail grades

  • Syllabus
  • Summer 2022Section: 33001-81T 6:00PM-9:00PMGleacher Center206In-Person Only
  • Summer 2022Section: 33001-85S 9:00AM-12:00PMGleacher Center206In-Person Only
Description and/or course criteria last updated: May 3 2022