ECON 2060 - Price & Alloc Theory

PRICE AND ALLOCATION THEORY (3)Theory of consumer behavior. Theory of production functions, short run and long run. Perfect and imperfect competition. Pricing of products and determination of output. Pricing of factors of production. Allocation of resources. Distribution of income. Survey of welfare economics.Prerequisite: ECON 1010/101 and 1020/102.

Credit Hours 3

Contact Hours 3

Prerequisites
ECON 1010, ECON 1020