What you will learn

• Analyze assumptions in economic models and evaluate policy interventions' impact on market outcomes in both perfect and imperfect markets.

• Create and solve basic economic models, identify their limitations, and develop appropriate policy solutions for real-world issue.

• Interpret strategic interactions in game theory, illustrating how information and move order impact decision-making among economic agents.

• Examine how changing constraints affect optimal choices and how preferences and constraints together shape decisions in various markets.