This an advanced level economics course that is part of the core economic theory course sequence for economics majors at CCU. The purposes of the core sequences are to teach the theoretical tools required to read economics literature, to prepare you for the field courses, and to lay the groundwork for your dissertation research.
This is the first of two semesters of graduate level microeconomics. The syllabus below lays out the sequence of topics and associated readings. The general structure of the micro sequence is that this semester covers theories of the consumer and the firm, welfare measurements, partial equilibrium in the perfectly competitive markets, imperfect competition and market power. Next semester covers general equilibrium, social choice and welfare, game theory, uncertainty and information, and mechanisms design. Minor departures from the above structure are possible depending on the instructors’ preferences.