Microeconomic Theory I
4.0
creditsAverage Course Rating
This course covers the basics of Walrasian general equilibrium theory as set out in Debreu’s Theory of Value, and thereby covers the standard (neoclassical) partial equilibrium theories of production and consumption. In addition, it covers Kuhn-Tucker optimization theory and its specializations of concave and linear programming. Finally, it touches on order structures and monotone comparative statics, as well as decision making under risk. A subtext of the course will be an exploration of how loose economic ideas and intuitions can be given formal mathematical expression. Prerequisites: Economics PhD students or permission of the instructor
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