Microeconomic Theory I.
CORE: for MA Economics 1st year; MANDATORY: for 1st year PhD with no credits earned
Microeconomic Theory I is the first course in the microeconomic theory series for the students enrolled in the MA in economics. The objective of this course is to provide students with standard graduate-level microeconomic tools. Topics that will be analyzed include theory of choice, consumer theory, producer theory, competitive markets, monopoly, general equilibrium, public goods, externalities, elements of social choice.
Successful completion of the course enables students to:
• possess a comprehensive knowledge of the building blocks of modern economics
• master the mathematical tools used to formalize economic concepts and ideas
• set up mathematical models describing specific economic problems
• understand the modern microeconomic literature
• perform high-level microeconomic analysis, irrespective of whether they aim to pursue a professional or an academic career
A student’s grade in this course will be a weighted average of his/her performance on the homework assignments and the exams.
The weights are as follows:
• performance on the homework assignments: 20%
• performance on midterm exam: 40%
• performance on final exam: 40%