Microeconomics with Jose Vazquez
This course is designed to help the students build an understanding of the economics of the
market-place. In particular, the course focuses on microeconomic principles that
demonstrate the role and limitations of both competitive and imperfectly competitive markets
in motivating socially efficient consumer, business, and public sector choices. This is an
introductory course in microeconomics. Microeconomics considers each individual as
economic agents such as consumers and firms as they interact in the market to seek their
best interests: it deals with the process and the outcome of each agent's behavior in the
market. This course covers consumer theory, firm theory, theory of industrial organization,
theory of markets for factors of production, theory of inequality of income/wealth, and so
forth. In this course we will study not only economic theory in abstract form but also how the
workings (or failings) of real economy can be explained by economics. Alongside diagrams
and equations, stories will be used in understanding economics and the economy.