This course is the first of two in the Microeconomic Theory sequence at the graduate level. It formalizes the decision making process of individuals, and by extension firms, in optimizing stated objectives. Analysis of consumer and producer theories will be done using calculus and assuming a perfectly competitive market. The perfect competition assumption will later be relaxed in examining the effects of market power. The course will challenge you to apply your understanding of microeconomic theory to analyze every day economic problems in your immediate environment. The learning objective is for you to be able to critically analyze microeconomic problems by applying appropriate theories.