Elements of Economic Analysis 2

Other Courses to Consider

These courses might also be of interest.

• 
  Elements of Economic Analysis 1

  This course is an introduction to the "economic approach" as it is applied to consumer behavior. We will stress the notion that individuals maximize their well-being, as they conceive it, subject to resource constraints.

  The course develops the necessary mathematical and graphical tools to carry out the analysis of the canonical utility maximization problem. We pay particular attention to the way in which the canonical model of individual behavior, ``the" utility maximization problem, provides a unified treatment of individual behavior, even in settings in which it may not be fully descriptive of the situation at hand.

  We will also analyze the aggregation of individual decisions into group (market, in this case) aggregates. We will apply this basic model of human behavior to numerous areas such as the allocation of time (including home production), intertemporal choice, choice under uncertainty (including the economic of analysis of crime and the value of a statistical life) among others.

  Residential
• 
  Elements of Economic Analysis 3

  As an introduction to macroeconomic theory and policy, this course covers the determination of aggregate demand (i.e., consumption, investment, the demand for money); aggregate supply; and the interaction between aggregate demand and supply.

  We also discuss economic growth, business cycle, inflation and money.

  Residential