APEC8002
APEC 8002 - Applied Microeconomic Analysis of Production and Choice Under Uncertainty (2 Cr.)
Applied Economics (11033)
TCOA - College of Food, Agricultural and Natural Resource Sciences
APEC 8002 - Applied Microeconomic Analysis of Production and Choice Under Uncertainty (2 Cr.)
Course description
The course provides a rigorous mathematical treatment of cost-benefit analysis in terms of the theory of how prices, technology, and other important factors affect producer decisions, the supply of goods and services, and the demand for productive resources. The optimization theories and economic models are developed with and without uncertainty. The course also explores the theory of price determination in competitive, monopoly, and monopsony markets. Part of four-course, year-long sequence (APEC 8001-2-3-4)
prereq: [[8001 or ECON 8001 or ECON 8101], [[MATH 2243, MATH 2263] or equiv]] or instr consent
prereq: [[8001 or ECON 8001 or ECON 8101], [[MATH 2243, MATH 2263] or equiv]] or instr consent
Minimum credits
2
Maximum credits
2
Is this course repeatable?
No
Grading basis
AFV - A-F or Audit
Discussion
Lecture
Credit will not be granted if credit has been received for:
01841
Fulfills the writing intensive requirement?
No
Typically offered term(s)
Every Fall