Microeconomic Theory I (MSc Program)
The purpose of this course is to provide a smooth transition from undergraduate to graduate level microeconomics, and to build a solid foundation for future research. It will help to bridge the very wide gap between a good undergraduate preparation in economics and the preparation in mathematics and modern microeconomic theory that students are expected to acquire quickly at the graduate level. The course will cover modern consumer and producer theories. We treat consumer theory first, and at some length –both because of its intrinsic importance, and because its methods and results are paradigms for many other topic areas. Producer theory is next, and we draw attention to the many formal similarities between these two important building blocks of modern microeconomics. Students successfully completing this course will be able to comfortably work with modern microeconomic tools in future study and research.
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