Course 2017-2018 a.y.

Classes: 13 (I sem.)

Instructors:
Class 13: MARISTELLA BOTTICINI

The Microeconomics course equips students with economic models of individuals as consumers and producers, as well as of price determination through their interaction in markets. By way of economic theory, applications, and contemporary issues, this course treats

• The behavior and decision making on the part of individuals, households, business firms, and governments
• The function of prices, incentives, and markets. Economic interactions through markets form the backbone of the course.

The course covers material using mathematical methods and rigorous analytical thinking.
Engaging lectures by the instructor, weekly problem sets, additional readings, and active student participation through class discussion is the key ingredients of the Microeconomics course.

• The economic theory of consumer choice under certainty and under uncertainty.
• Exchange economies: equilibrium and welfare analysis.
• The economic theory of the firm: production decisions and cost functions.
• Competitive markets: partial and general equilibrium analysis.
• Strategic behavior: elements of game theory.
• Markets with imperfect competition (monopoly, oligopoly, monopolistic competition).
• Asymmetric information (adverse selection, moral hazard).
• Externalities, public goods, taxes and subsidies.

• J. PERLOFF, Microeconomics with Calculus plus, MyEconLab with Pearson eText, Global Edition, 4th Edition.