Theory of consumer choice and demand; applications to intertemporal choice, labour supply, and/or choice under uncertainty; welfare analysis; general equilibrium theory; externalities and the role of government. Precludes additional credit for ECON 2001, ECON 2002 (no longer offered), and ECON 2003 (no longer offered). Prerequisite(s): ECON 2020 with a grade of C- or higher, and ECON 1402 (or equivalent) with a grade of C- or higher.Lectures three hours a week, tutorials one and a half hours a week.
