Dec 27, 2024  
2015-2016 Academic Catalog 
    
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2015-2016 Academic Catalog [Published Catalog]

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ECON 502/5211 - Advanced Microeconomic Theory (3 cr.)


Prerequisites
 

Description
Axioms of consumer preferences and rational utility representation. Derivation of Marshallian, Hicksian and Engel demands. Consumer theory under uncertainty. Advanced theory of the firm. Market structure and competition including Counot, Bertrand, and Stackelberg competition for homogeneous and differentiated products. The Envelope Theorem and its applications including Roy, Sheppard, and Hotelling Lemmas. The equilibrium number of firms and business cycle behavior. General equilibrium theory.

When Offered
Offered in fall.


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