Survey of the American economy focusing on markets, the price system, and resource allocation. Price determination in competitive and imperfectly-competitive markets. Applications in agricultural economics, legal prices, excise taxes, labor market issues, advertising, technological change, pollution and the environment, public goods, antitrust policy, international trade, and alternative economic systems.

Survey of the American economy focusing on markets, the price system, and resource allocation. Price determination in competitive and imperfectly-competitive markets. Applications in agricultural economics, legal prices, excise taxes, labor market issues, advertising, technological change, pollution and the environment, public goods, antitrust policy, international trade, and alternative economic systems.

Survey of the American economy focusing on markets, the price system, and resource allocation. Price determination in competitive and imperfectly-competitive markets. Applications in agricultural economics, legal prices, excise taxes, labor market issues, advertising, technological change, pollution and the environment, public goods, antitrust policy, international trade, and alternative economic systems.

Survey of the American economy focusing on markets, the price system, and resource allocation. Price determination in competitive and imperfectly-competitive markets. Applications in agricultural economics, legal prices, excise taxes, labor market issues, advertising, technological change, pollution and the environment, public goods, antitrust policy, international trade, and alternative economic systems.

Mathematical treatment of economic theory. Topics in microeconomics, macroeconomics, general equilibrium and welfare economics will be considered. Though most models will be deterministic, some stochastic models will be treated.

Contemporary intermediate treatment of microeconomic theory, applications, and price policy. Covers the theory of price determination, resource allocation, income distribution, and welfare economics. Perfectly competitive markets and models of imperfect competition are covered. Theory is integrated with public policy questions.