Advanced Microeconomics

2020/2021

Academic Year

ENG

Instruction in English

6

ECTS credits

Delivered at:

Department of Economics

Course type:

Compulsory course

When:

1 year, 1, 2 module

Instructors

Kuchumova (Paramonova), Yulia A.

Sloev, Igor

Ushchev, Philip

Course Syllabus

Abstract

This course covers the essential core of the first part of modern microeconomic theory including consumer theory, firm theory, and general equilibrium. Lectures; Seminars (discussions; work in groups)

Learning Objectives

• get an idea of ​​the principles and aspects of analysis

Expected Learning Outcomes

• understanding of the principles and methods of analyzing how economic decisions are made by households and firms, and how they interact to determine the quantities and prices of goods and the allocation of resources in equilibrium.

Course Contents

• The Consumer Theory
• The Producer Theory
• Partial equilibrium
• General equilibrium
• Introduction to imperfect competition

Assessment Elements

• Individual weekly homework assignments
• In-class participation
• Interim written assignment
• Exam

Interim Assessment

• Interim assessment (2 module)
  0.41 * Exam + 0.05 * In-class participation + 0.25 * Individual weekly homework assignments + 0.29 * Interim written assignment

Bibliography

Recommended Core Bibliography

• Andrew F. Daughety, & Jennifer F. Reinganum. (2010). Public Goods, Social Pressure, and the Choice between Privacy and Publicity. American Economic Journal: Microeconomics, (2), 191. https://doi.org/10.1257/mic.2.2.191
• Burkett, J. P. (2006). Microeconomics: Optimization, Experiments, and Behavior. Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.oxp.obooks.9780195189629
• Microeconomics (Advanced): A Textbook. (2019). Europe, Europe. https://doi.org/10.5281/zenodo.3457358

Recommended Additional Bibliography

• Ariel Rubinstein. (2012). Lecture Notes in Microeconomic Theory: The Economic Agent Second Edition. Princeton University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.pup.pbooks.9742
• Hugh Gravelle, & Ray Rees. (2004). Microeconomics. Harlow: Financial Times/ Prentice Hall. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1417798