A rigorous treatment of microeconomic theory. This course includes the theory of consumer behaviour, with emphasis on indifference curve analysis; market demand; production theory, with emphasis on the two variable input case; the theory of cost; market organization; theory of distribution in perfectly competitive markets; and market failure.
Prerequisite: ECON 190; and either MATH 114, MATH 115 or MATH 140 (Grades of C- or better)
ECON 290 is not recommended for students completing the pre-BBA ECON elective unless they plan subsequent study in Economics.