Microeconomics I is the first of two courses on microeconomic theory. The main objective of the course is to give students an understanding of the foundations of microeconomics, and to provide them with a set of useful tools for future research in all areas of economics.

The method employed is to make assumptions about preferences, physical and financial constraints, and behavior and to derive their implications for economic settings. The course addresses the broad methodological topics of preference, utility, consumption theory, production theory, uncertainty, and general equilibrium theory.