Академический Документы
Профессиональный Документы
Культура Документы
PART 1
Course Description:
The course considers the behavior of individual agents. It includes a general
treatment of individual choice and develops the classical theories of consumer
and producer behavior. The course also covers partial equilibrium analysis.
The material will entail formal mathematical analysis.
Book:
The required textbook for this course is:
Mas-Colell, A., Whinston, M., and Green, J. (1995): Microeconomic Theory,
Oxford University Press.
Course Outline:
1. The Consumer
3. Aggregate Demand
Aggregate Demand and Aggregate Wealth, the Weak Axiom: Mas-Colell: Ch.
4
4. Production
6. Competitive Markets
8. Market Power
PART 2
Description
The course consists of two parts. In the first part we present the elements of
general equilibrium. In particular, we discuss efficiency, existence,
uniqueness and stability of equilibrium. The second part of the course is
devoted to economics of information. This is a relatively new field in
microeconomics, which seeks to understand organizations, institutions and
relationships between individuals when there are differences in personal
objectives. During the course both rigour and intuition will be emphasized.
Assessment
During the course students will be asked to solve the problems. They can
handle the solution in written or (preferably) electronic form. Every solved
problem will count at most 10% of the grade. There will be final exam which
counts for at least 50% of the grade.
Main textbooks
Outline