Ec 121b Theory of Value

Ec 121 deals with the neoclassical theory of markets. We analyze the price system as an allocation mechanism: study its properties and consequences for welfare.

The class develops the basic neoclassical theory of markets. We consider applications to financial economics, international trade, and macroeconomics.



The class meets on MWF from 2pm to 2:55pm
in 228 Baxter.