MICROECONOMICS - MODULE II
Microeconomics is the basis of economics as it focuses on the economic behavior of individual agents which is behind the aggregate models of the whole economy. The course introduces the main issues relating to individual choices, to the theory of the firm and to the interaction between agents on product markets. The objective of the course is to explore the links between agents’ choices and to analyze the market outcomes which can be more or less beneficial to society.
Consumer theory and demand functions; technology, production costs and supply functions; perfect competition and competitive equilibria; monopoly and regulation; games and strategy; oligopoly; information asymmetries.
VARIAN, Intermediate Microeconomics, W.W. Norton.
Lecture notes, problem sets and class presentations of the material should be taken as a guidance for further study on the textbook.