Calculus-based generalization of the theory of demand and supply developed in Economics 201D. Individual behavior in environments of risk and uncertainty. Introduction to game theory and strategic interaction. Adverse selection, moral hazard, non-competitive market structures, externalities, public goods. Prerequisite: Economics 201D; Mathematics 202, 212, 222, or any higher-level mathematics course with Mathematics 212 as a prerequisite.
Prerequisite: ECON 201D and MATH 202, 212, 222 or any higher-level mathematics course with MATH 212 as a prerequisite.