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
This course is aimed at students with a basic knowledge of microeconomics, including consumer and producer theory, basic calculus and optimization.
Participants should preferably have taken a basic first year class in microeconomics. Ideally, they should be familiar with the basic calculus, including maximisation of one-variable function (necessary and sufficient conditions).
Transferable Knowledge and Skills
Students will learn how economic theory can be applied to microeconomic and macroeconomic policy issues.