<p>Lecture, three hours; discussion, one hour. Enforced requisites: courses 1, 2, Mathematics 31A, 31B, with grades of C or better. Laws of demand, supply, returns, and costs; price and output determination in different market situations. P/NP or letter grading.</p>

Economics

Combining rigorous, inclusive pedagogy with opportunities for co-curricular activities—including research, internships, and community engagement—the College provides students with diverse learning experiences that helps them thrive, become critical thinkers, and transform society.

College of Letters and Science

The department conducts cutting-edge research by developing and applying new methodologies to understand society's most critical issues and trains future generations of economic leaders.

General Catalog

Microeconomic Theory

ECON11

4 units