5502 Advanced Microeconomic Analysis (3)
The course first provides a critical survey of neoclassical microeconomic
theory, including methodology, demand theory, production and cost theory,
theory of competitive and non-competitive markets, distribution, welfare, and
general equilibrium. It then introduces heterodox microeconomic theory,
covering its historical origins, methodology, structural organization of
economic activity, in-put-output models, flow of funds, agency and
institutions, and the business enterprise. Prerequisites: Economics 302, 521