Course overview
This course deepens critical thinking, reasoning, and mathematical problem-solving in key advanced methods and theories of contemporary microeconomics. Topics include the economic behaviour of individual units, in particular consumers and firms; expected utility and uncertainty; welfare economics; information economics; and auction theory.
- Consumer And Producer Theory
- Market Power And Information Economics
- Mechanism Design
Course learning outcomes
- Demonstrate proficiency in the mathematics of constrained optimisation to solve microeconomic problems
- Derive the central results about decision-making by consumers and firms from first principles
- Use proficiently the expected utility model to analyse economic problems
- Apply the fundamentals of welfare analysis
- Develop game theoretic modelling to analyse and solve problems involving strategic interactions and asymmetric information
Degree list
The following degrees include this course