Numerous methodological approaches in economics aim to understand the process of production and distribution of goods and services in a society. This course will familiarize students with the assumptions, mechanisms, and implications of one of these approaches: the neoclassical theory. The neoclassical theory dominates the teaching of Economics. It has also been a target of criticism. We will use real world examples to discuss the relevance, strengths, and weaknesses of the neoclassical theory.