Spring 2015, ECONOMICS 101A – MICROECONOMIC THEORY
Welcome to Economics 101A! This course is meant to introduce you to the world of formal
economic modeling. Economic models are typically made of three components:
• A market in which consumers and firms interact.
We deal with these three components sequentially. The course starts by introducing consumer
preferences and utility function. We then move on to consider firms and production functions, and
finally we study the market-clearing conditions.