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  4. Microeconomic Analysis

Microeconomic Analysis

Objectives

The purpose of this course is to deepen the understanding of the analytical tools of microeconomics and promote their application, at an intermediate level. We will revisit the standard tools - concepts and models - aiming at developing both practical skills and a critical mind, as a basis for study and research in all other areas of economics. 


General characterization

Code

2188

Credits

7

Responsible teacher

Wayne Aaron Sandholtz

Hours

Weekly - Available soon

Total - Available soon

Teaching language

English

Prerequisites

n/a 


Bibliography

Nicholson & Snyder ? Microeconomic Theory: Basic principles and extensions, 12th, 2017 

Goolsbee, Levitt & Syverson, Microeconomics.

 

Teaching method

This course contains 24 80-minute in-person classes over 12 weeks. Prior to each class, students read the required reading. Classes are devoted to the active discussion of exercises and policy topics. Two take-home assignments complement students' learning. Additional voluntary study material is provided. Good preparation and active participation of students are necessary. 

 


Evaluation method

Quizzes (5%) Midterm (30%), 22 Oct 2022, 90 minutes Research Proposal (25%, pre-assigned groups of 2-4 students), Final exam (40%, minimum grade 8.0/20)

Subject matter

We will cover the following topics:

Utility and choice. Duality in consumer choice. Choice under uncertainty. Production and cost geometry. General equilibrium: exchange. General equilibrium: production. Public goods and externalities. Strategic form games. Extensive form games. Information economics: Moral Hazard. Information economics: Adverse Selection. Auctions: Market design.