Studies of the theories of consumer and firm behavior, economic efficiency, and welfare. Analysis of markets, resources, and general equilibrium will be made. Must be taken on letter grade basis by Economics majors. It is recommended that this course be taken prior to the second semester of the junior year. Prerequisite: ECON*100, and MATH*157 or MATH*160. ECON*101 is recommended. Distribution Requirements: QR, SB.