This course builds a deeper understanding of microeconomic theory, which forms a basis for much of economic analysis. The main focus of the class will be analytical study of the behavior of fundamental economic units (consumer and the firm) and its implications for the production and distribution of goods and services. Emphasis will be put on the development of the fundamental tools of price and distribution theory; analysis of commodity and factor price determination under competitive and noncompetitive market conditions from the standpoint of the household and the firm. Other applications may include but are not limited to: choice under uncertainty, oligopoly, industrial organization, pricing, resource allocation, inter-temporal consumption, labor supply, externalities, public goods, income distribution and welfare economics.

Microeconomics, Jeffrey M Perloff, 7th edition.