Advanced Microeconomic Theory

Pawel Dziewulski

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.

 

Course Aimed At: Those with some knowledge of basic microeconomics, including consumer and producer theory, basic calculus and optimization.

Pre-Requisite Knowledge Required: 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

Assessment

1 Final Essay: 50%

1 Final Exam: 50%

Lecture Hours: 12 x 1 hour 15 minutes (total 15 hours)

Seminar Hours: 8 x 1 hour 15 minutes (total 10 hours)

Reading List

Course materials provided by the instructor

Optimal support texts: Gravelle & Rees, Microeconomics; Varian, Intermediate Microeconomics: A Modern Approach