Microeconomics Analysis III

Overview

• Begin with a normative perspective and ask how consumers derive their choices from preferences and what allocations are efficient
• Then turn to a positive study focusing on competitive markets and strategic interactions.
• the development of analytical tools and the understanding of how the theories are constructed and
• the working and failure cases of the market system.

Topics:

• Consumer theory
• Production theory
• General equilibrium
• Uncertainty
• Game theory
• Information economics
• Auction
• Matching