Basic theory of monopoly and competitive markets; market equilibria; comparative statics; and adjustment process. Analysis of optimizing decisions for firms and consumers; production, cost, and utility functions; comparative static analysis; the derivation of supply and demand curves; risk and uncertainty.

Methodologies for dealing with collinearity, autocorrelation, heteroscedasticity, and endogenous right-hand-side variables. Stochastic restrictions and evaluating restrictions via alternative norms. Generalized least squares procedures. Zellner estimation. Pooling data. Simultaneous systems of equations. Fixed-effects and random-effects models.

Introduction to quantitative techniques used in resource economics theory and applications. Basic mathematical concepts and methods of microeconomics and their uses in optimization and comparative statics analysis.

Market structure models with application to various industries. Firm behavioral strategies under different market structures. The role of product differentiation, advertising, market power, mergers, barriers to entry, price and non-price rivalry. Market performance including prices, costs, profits, labor issues, and progressiveness. BS-ResEc majors can satisfy their Integrative Experience requirement by taking this course plus Res-Econ 394LI and 453.

Introduction to contemporary quantitative methods as applied to production, marketing and resource management problems in both private and public settings. Topics include: linear programming and decision making under uncertainty.

The purpose of this course is to present intermediate level microeconomic theory. Primarily we will focus on consumer demand theory and economics of production. Both geometric and mathematical approaches will be presented. This course provides the background necessary for more advanced courses in the department.

Economic analysis of natural resource use and conservation. Includes analyses of the use of fuel, forest, marine and biodiversity resources. Focuses on evaluating natural resource use in terms of efficiency and sustainability, and designing regulations for correcting inefficient and unsustainable resource markets. (Gen.Ed. SB)

Designed for students in the social science and business related fields of study. Introduction to basic statistical methods used to collect, summarize, and analyze numerical data. Emphasis on application to decision making; examples from the social sciences and business. Topics include: common statistical notation, elementary probability theory, sampling, descriptive statistics, statistical estimation and hypothesis testing. Basic algebra and familiarity with computer and internet necessary. (Gen.Ed. R2)

Explores the causes of hunger (chronic undernutrition) from an economic perspective. Focus on how population growth and economic development are increasing demand for food and on the prospects for food production to supply those needs at affordable prices, while sustaining the environment. Discussion in the context of the global economy in which increased trade links even the poorest urban and rural residents in developing countries to market forces. (Gen.Ed. SB, G)

Microeconomic theory for majors and non-majors. Concepts of supply, demand, markets, natural resource management, economic policy. Applications to business and government decision-making emphasized. (Gen.Ed. SB)