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ECO 420K ECO 420K. Microeconomic Theory. 4 Hours.

Economic theory of the behavior of individuals, households, firms, and markets. Roles of relative prices and information, with a focus on constrained optimization. Four lecture hours a week for one semester. Economics 420K and 421K may not both be counted; required of students majoring in economics. Prerequisite: Economics 304K and 304L with a grade of at least C- in each; Economics 329 with a grade of at least C; and Mathematics 408C and 408D, or 408K and 408L, or 408N and 408S, or 408K and 408S, or 408C and 408L, or 408C and 408S, or 408N and 408L, with a grade of at least C- in each.