ECO 420K • Microeconomic Theory
11:00 AM-12:30 PM
9:00 AM-10:00 AM
The primary objective of the course is to study contemporary theories of the principal determinants of prices and the role of prices in economic organization. The course will emphasize the fundamental concepts of microeconomics and provide concrete examples of their application. The course will cover the demand and supply theories for competitive markets, some instances of market power, basics of the game theory, choice under uncertainty, and equilibrium in an exchange and production economy.
Intermediate Microeconomics: A Modern Approach by Hal R. Varian, W.W. Norton & Company, 2003, 6th edition. Workouts in Intermediate Microeconomics by T.C. Bergstrom and H.R. Varian, W.W. Norton & Company, 2003, 6th edition.