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- Advanced Microeconomic Theory and Policy | 15PECH | SOAS University of London
Send to friends and colleagues. Modify, remix, and reuse just remember to cite OCW as the source. This half-semester course provides an introduction to microeconomic theory designed to meet the needs of students in an economics Ph.
Some parts of the course are designed to teach material that all graduate students should know. Others are used to introduce methodologies.
Students should be comfortable with multivariable calculus, linear algebra, and basic real analysis. Archived versions:. This course is the first of a four-part sequence. The sequence continues with Alexander Wolitzky, and Alan Olivi.
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Advanced Microeconomic Theory and Policy | 15PECH | SOAS University of London
Placing unusual emphasis on modern noncooperative game theory, it provides the student and instructor with a unified treatment of modern microeconomic theory--one that stresses the behavior of the individual actor consumer or firm in various institutional settings. The author has taken special pains to explore the fundamental assumptions of the theories and techniques studied, pointing out both strengths and weaknesses.
The book begins with an exposition of the standard models of choice and the market, with extra attention paid to choice under uncertainty and dynamic choice.
General and partial equilibrium approaches are blended, so that the student sees these approaches as points along a continuum. The work then turns to more modern developments. Readers are introduced to noncooperative game theory and shown how to model games and determine solution concepts. Models with incomplete information, the folk theorem and reputation, and bilateral bargaining are covered in depth. Information economics is explored next.
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