The study of the behavior of individual participants in the economy. This intermediate-level course emphasizes optimal patterns of consumption and production, analysis of market equilibrium, and the structure of different types of product markets.

CILO-1: Apply theoretical concepts and analytical tools to analyze the information and draw conclusions from it. CILO-2: Critically analyze the pros and cons of different policies and make informed recommendations based on their analysis. CILO-3: Synthesize various pieces of economic information and integrate them into a cohesive analysis, including combining theoretical concepts with empirical data to draw conclusions about economic phenomena. CILO-4: Identify how economic theory can be used to explain and predict real-world economic phenomena.