Economics | Theory of Prices and Markets I
E521 | 15733 | Chang


Develops the methodology of economic analysis and teaches the tools
and language of price theory. Fundamental elements of consumer
theory, producer theory, and economics of uncertainty. Emphasis on
comparative statics and the duality theory. Topics include welfare
analysis, the theory of price indices, quality of goods, revealed
preferences, the theory of derived demand, expected utility theory,
attitudes toward risk, and various measures of riskiness.