Economics 811

 

Advanced Microeconomic Theory I

Course Outline

The following is an approximation of what we are going to study in this course. The topics actually covered in the course will depend on students’ background and interests

Part I. Individual Decision Making

Chapter 1.

Preference and Choice

Chapter 2.

Consumer Choice

Chapter 3.

Classical Demand Theory (excluding 3.H, 3.I, 3.J)

Chapter 5.

Production (excluding 5.D, 5.E, 5.F, 5.G)

Chapter 6.

Choice under Uncertainty (excluding 6.E, 6.F)

 

 

Part II. Game Theory

Chapter 7.

Basic Elements of Noncooperative Games

Chapter 8.

Simultaneous-Move Games (excluding 8.F)

Chapter 9.

Dynamic Games (excluding 9.D, including Appendix A)

 

 

Part III. Market Equilibrium and Market Failure

Chapter 12.

Market Power (including Appendice A and B)

 

 

Applications (Handouts, if time allows)

Topic 1

Switching Costs in Dynamic Games

Topic 2

Auctions

Topic 3

Optimal Auction Design