Microeconomics I (advanced level)
- The objective of the course is to provide the students with a thorough knowledge and understanding of the foundations of modern economic analysis. The students will be introduced to the classical results and recent developments in microeconomic theory but the main focus will be on developing their modeling skills and encouraging them to think analytically about real world phenomena.
- Analyze properties of demand functions.
- Discuss and apply the standard approach to modelling uncertainty in the economics and finance literature
- Explain the relationship between observed choices and unobserved consumer preferences
- Set up and solve decision problems involving uncertainty
- Set up and solve models of consumer choice theory to obtain individual and aggregate market demands for goods
- Preference relations and ration choice
- The Consumer’s Problem
- The additional topics of consumer theory
- Choice under uncertainty
- 2022/2023 2nd module0.05 * In-class participation + 0.25 * Homework assignments + 0.7 * Final examination