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ECON 441 Economic Theory I (Micro) (Pre-req: ECON 311 and 312. A good background in Quantitative Techniques)

Credit hours: 
3

The nature of Economic Theory. Theory of Consumer Behaviour and firm behaviour treated as maximization problems under given constraints.

General equilibrium analysis under different market situations with the conditions for an optimum solution expressed mathematically.

Introduction to welfare economics and economics of socialism.