Microeconomic Theory I


This course aims to introduce the fundamental concepts and techniques of consumer and producer theory, and game theory, at an advanced level. It follows closely Mas- Colell/Whinston/Green (1995).

General characterization





Responsible teacher

Paulo Côrte-Real


Weekly - Available soon

Total - Available soon

Teaching language



Available soon


This course follows Mas-Colell/Whinston/Green, Microeconomic Theory (1995), chapters 1- 9.

Alternative readings are:
Varian (1992), Microeconomic Analysis (3rd edition). Norton Fudenberg D and Tirole J (1996), Game Theory. The MIT Press

Moodle page, with news and course materials

Teaching method

Each week there will be two lectures (1.5 hours each). Students are expected to attend the lectures and to follow the discussion and proofs of the main results, as well as applications to different economic settings. Students are also expected to solve problems that require them to look for relevant references, in addition to applying the concepts, results and methodologies seen in class.

Evaluation method

The Final Exam is mandatory and must cover the entire span of the course. The weight of the final exam should not be less than 30% nor exceed 70%. The remainder of the evaluation can consist of class participation, midterm exams, in class tests, etc. Overall, written in class assessment (final exam, midterm) must have a weight of at least 50%.

Final exam (50%, minimum 8.0), Midterm (30%), Class participation (20%)

Subject matter

Topics covered are:
1.    Classic consumer theory (preference, utility, duality)
2.    Revealed preference (WARP, SARP)
3.    Producer theory (technology, cost, duality)
4.    Choice under uncertainty (lotteries, preferences, expected utility)
5.    Game theory (Strategic form games, Nash equilibrium, extensive form games, SPE, Bayesian games and equilibrium concepts)


Programs where the course is taught: