Markets, missing markets, no markets; elasticity; inverse demand; dead weight loss; indifference curves; constrained optimization; edgeworth box
Microeconomic Theory with Application to Natural Resources by instructor David Zetland, PhD. This course covers the basic microeconomic tools for further study of natural resource problems. Theory of consumption, production, theory of the firm, industrial organization, general equilibrium, public goods and externalities. Applications to agriculture and natural resources.