4.0

credits

Average Course Rating

Theory of decision-making under conditions of scarcity and uncertainty. Analyzes choice and demand, production, cost, the firm and market structure, market failure and uncertainty. Emphasizes economics efficiency and application of theory to decisions and policy problems. Introduces game theory. Taught at the intermediate level and includes a mathematics tutorial for basic calculus skills. The course meets more frequently than other courses. Together with Macroeconomics constitutes the foundation for all other economics courses at SAIS. MA students may not audit. <a href="http://bit.ly/1bebp5s" target="_blank">Click here to see evaluations, syllabi, and faculty bios</a>