EC201 Course Guide

An intermediate course in microeconomic analysis.

Course content

I. Consumer Theory. Utility functions and indifference curves. Income and substitution effects. The Slutsky equation. The expenditure function, compensating and equivalent variation, and consumer surplus. Selected applications to savings and labour supply, including the effects of taxes and benefits.

II. Producer Theory. Production and cost functions. Firm and industry supply. Perfect Competition and Monopoly.

III. Strategic Choice. Basic ideas in game theory. Applications to oligopoly.

IV. General equilibrium and welfare. Competitive equilibrium. Efficiency of equilibrium. Welfare criteria.

V. Topics in welfare economics. Public goods, externalities, second best pricing.

VI. Uncertainty and information. Choice under uncertainty. Insurance markets. Asymmetric information. Selected applications.

Note: Graduate Teaching Assistants (who are often PhD students) will teach classes on this course.

    Teacher: Picture of Pedro AlvesPicture of Diogo BaptistaPicture of Mohan BijapurPicture of Margaret BrayPicture of Thomas BrzustowskiPicture of William CoenPicture of Miguel EspinosaPicture of Erik EysterPicture of Nicola FontanaPicture of Philipp Heckmann-UmhauPicture of En Hua HuPicture of Chanhyuck LeePicture of Jason LimPicture of Tian MengPicture of Dibya Deepta Mishra1Picture of ANDREW MITSONPicture of Alejandra Olivares RiosPicture of Sang Hyun ParkPicture of Julia PhilippPicture of Constantina PhotiadouPicture of Ricardo Quineche UribePicture of AHNAF RAFIPicture of Diogo Miguel Salgado-BaptistaPicture of Chiara SotisPicture of Yalun SuPicture of Bilal TabtiPicture of Desislava TartovaPicture of Michail TzougkarakisPicture of Maria VenturaPicture of Konrad Von BoyneburgkPicture of Viet Vu