Course Number: 47800
This course is the first course in the core micro sequence of the economics PhD program. It is an introduction to microeconomic theory and concerns the behavior of individual consumers and firms in competitive settings. The specific topics to be covered are preference and choice, optimization theory, consumer theory, producer theory, choice under uncertainty and general equilibrium. The course is intended to teach students the foundations of formal economic analysis in these areas. Emphasis is on precise statements and proofs of some basic propositions in economics. The treatment of the topics will be fairly mathematical and presumes knowledge of linear algebra, optimization, multivariate calculus and some real analysis. At the end of the course, students should be able to (i) understand theories and concepts in consumer and producer theory, (ii) develop analytical and problem solving skills regarding the analysis of the topics covered.
Academic Year: 2023-2024
Semester(s): Mini 1
FormatLecture: 100min/wk and Recitation: 50min/wk
Students completing the course should be prepared to pass qualifying exams in the material from the course, as well as using the basic modeling frameworks introduced in the course for research.