This course introduces the basic concepts of microeconomics. Topics include supply and demand, pricing and quantity decisions under different market structures, game theory, moral hazard, and adverse selection. The course provides a theoretical framework for analyzing a wide range of economic problems as well as honing the necessary analytical skills.

Students should have a working understanding of algebra and differential calculus.

Textbook and selected readings.

The grades will be based on problem sets, a midterm, and a final exam.