Type of Credit: Required
Credit(s)
Number of Students
This is the first microeconomic theory course for students in the Economics Ph.D. program. The main objective of this course is to introduce students the main pillars of modern microeconomics so that students can be better prepared for future research work. The class will emphasize theoretical analysis.
能力項目說明
In this course, students should be familiar with the following topics:
1. Consumer demand analysis
2. Extensions and applications of consumer demand analysis
3. Theory of the firm
4. General equilibrium analysis
5. Uncertainty
6. Public goods and externality
After this course, students should be capable of understanding basic theoretical papers in economics.
| 教學週次Course Week | 彈性補充教學週次Flexible Supplemental Instruction Week | 彈性補充教學類別Flexible Supplemental Instruction Type |
|---|---|---|
This class expects intensive input from students. In addition to the 3-hour lecture, at least 12 study hours are expected.
Part 1: Consumer and firm analysis
Week 1-3: Consumer demand analysis (JR Chap 1,2; MWG 2,3; class notes)
Week 4-5: Extensions and applications of consumer demand analysis (class notes)
Week 6-7: Theory of the firm (JR Chap 3; MWG 5; class notes)
Week 8: Midterm
Part 2 General Equilibrium
Week 9-10: General equilibrium in an exchange economy (MWG 15,16; class notes)
Week 11: General equilibrium in a production economy (MWG 15,16; class notes)
Week 12-13: General equilibrium under uncertainty (MWG 19; class notes)
Week 14-15: Public goods and externality
Week 16: Final exam
Evaluation will be based on 2 written exams.
Midterm exam 50%
Final exam 50%
1. Advanced Microeconomic Theory (2011) by Jehle, G. and P. Reny (JR)
2. Microeconomic Theory (1995) by Mas-Colell, A., Whinston M., and J. Green. (MWG)
3. Theory of Incomplete Markets (2002) by Magill, M. and M. Quinzii
4. Microeconomic Analysis (1992) by Varian, H. (V)