(3 units). The neo-classical theories of consumption and production, focus on primal and dual optimization problems; uncertainty; partial and general equilibrium, first welfare theorem and Pareto efficiency. A treatment of one or more of the following topics: game theory, externalities and public goods; asymmetric information. Course Component: Lecture Prerequisites: ECO 2145, (ECO 3145 or MAT 2122 or MAT 2322).
(3 units). The neo-classical theories of consumption and production, focus on primal and dual optimization problems; uncertainty; partial and general equilibrium, first welfare theorem and Pareto efficiency. A treatment of one or more of the following topics: game theory, externalities and public goods; asymmetric information. Course Component: Lecture Prerequisites: ECO 2145, (ECO 3145 or MAT 2122 or MAT 2322).