Advanced Microeconomic Theory
The course will cover the following topics:
- General equilibrium, trade models and welfare economics
- Public goods and externalities
- Introduction to Game theory
- Introduction to Industrial Organization
- Information Economics, Adverse Selection, Moral Hazard
- Risk, expected utility theory
- Applications of microeconomics
Those with some knowledge of basic microeconomics, including consumer and producer theory, basic calculus and optimization.
Participants should have had a basic first year class in micro-economics. They should be familiar with very basic calculus, like how to maximize a simple one-variable function (necessary and sufficient conditions).
Transferable Knowledge and Skills
How economic theory can be applied to microeconomic policy issues.