Microeconomics I

Masters in Economics

This site provides information about the course, and materials and references useful to prepare it.

DESCRIPTION: This course provides an introduction to microeconomic theory designed to meet the needs of students in the economics Ph.D. program. The topics include some of the most fundamental topics of classical microeconomics: Consumer and Producer Theory, General Equilibrium Theory and Welfare Economics for a market economy, and Tools of Comparative Statics.

INSTRUCTOR: Martin Dumav (Office Hours: by appointment.)

TA: Federico Masera (Office Hours: by appointment.)

Syllabus

TEXTBOOK
Mas-Colell, M. Whinston and J.Green, Microeconomic Theory, Oxford Press, 1995.
D. Kreps, A course in Microeconomic Theory, Princeton Univ Press, 1990.
G. Jehle, and P. Reny, Advanced Microeconomic Theory , Prentice-Hall, 2000.

PROGRAM
The following list provides main structure of the course and related material in MWG.
1. Consumer Theory (Chapters 1 to 4)
2. Social Choice Theory (Chapter 21)
3. Production Choice (Chapter 5)
4. Partial Equilibrium (Chapter 10)
5. General Equilibrium in Competitive Economies (Chapter 15 to 18)

GRADING
The course will be graded on the basis of problem sets, a midterm and a final exam. Problem sets will be due in class on assigned lecture dates. They will be graded on a check-, check, check+ basis. The grades on the problem sets are primarily intended to give students an idea of how they are progressing in the course and will affect course grades only for students with borderline scores on the exam.