There will be 6 problem sets. Analyze and apply what you are learning to current economic policies. Covid-19: As of Nov 3, CEU has moved to online-only classes. Others are used to introduce methodologies. The objective is to analyze microeconomic indicators and trends and evaluate their impact. Next, we look at the ways firms make and coordinate their decisions under varying market structures, including perfect competition and monopoly. The course will also allow students to develop critical thinking skills by considering the case of market failure which occurs in sharp contrast to traditional microeconomic theory. A Course In Microeconomic Theory has 29 ratings and 2 reviews. Additional references include A Course in Microeconomic Theory (1990) by Kreps, Advanced Microeconomic Theory (2011) by Jehle and Reny, and Essential Microeconomics (2012) by Riley. This is a half-semester course which covers the topics in Microeconomic Theory that everybody with a Ph.D. from MIT Economics Department should know but that have not yet been covered in the Micro sequence. You will probe the foundations of microeconomic theory, focusing on the behavior of individuals, firms, and the interaction of these agents in the marketplace. Microeconomic Theory. Learn more about microeconomic theory, economic systems, government policies, principles of microeconomics, macroeconomics vs microeconomics, and consumer theory. This course presents the basic analytical tools of microeconomics. Microeconomic Theory Guoqiang TIAN Department of Economics Texas A&M University College Station, Texas 77843 (gtian@tamu.edu) August, 2002/Revised: January 2018 1This lecture notes are for the purpose of my teaching and convenience of my students in class. Prerequisite: ECON 203. The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well. 4400 Massachusetts Avenue, NWWashington, DC 20016. Required Resource. Most online microeconomics courses are introductory classes. I will post them on the teaching webpage on or before September 8, 22, and October 6 before the midterm, and October 22, and November 5, 19 after the midterm. ).New York, NY: McGraw Hill. Apply the most powerful model in economics: supply and demand. Additionally, the Archived Economics Courses page has links to every archived course from this department. Examples extend the content to topics such as supply and demand in financial and labor markets, and antitrust policy. The topics come from three general areas: Decision Theory, Game Theory, and Behaviorla Economics. Microeconomic Theory is based on lecture notes for a graduate course in microeconomic theory. Department: Economics Description: Emphasis on topics regarding resource allocation, scarcity, and distribution of income; theory of consumer choice, theory of the firm, market structures, factor markets, distribution of income, welfare economics, and general equilibrium. Students should be comfortable with multivariable calculus, linear algebra, and basic real analysis. Reynolds recently completed a paper with Chad P. Bown, titled "Trade Flows and Trade Disputes,” in the Review of International Organizations, June 2015. 9. Possible topics include decision theory, the analysis of uncertainty, principal-agent problems, game and information theory, social choice theory and the coordination of economic activity through prices, quantities, command and coercion. I am providing my consent by leaving the opt-in checked. This course covers the foundations of microeconomic theory, focusing on the behavior of individuals, firms, and the interaction of both in the marketplace. ECO 240 - Intermediate Microeconomic Theory. ... General. Course Description. Excludes partially online internal course/units run through the Curtin Bentley-based Distance Education Area which remain Central External Microeconomics is all about how individual actors make decisions. Hence, it covers several unrelated topics. This half-semester course provides an introduction to microeconomic theory designed to meet the needs of students in an economics Ph.D. program. Postal Address Hungary: Közép-európai Egyetem | Nádor u. It covers a broad range of topics, and to some extent the lecture structure is retained in the style of the book. Part II familiarizes students with the basic concepts, models, and methods in information economics, the study of the effects of information asymmetries on economic outcomes. Next, we look at the ways firms make and coordinate their decisions under varying market structures, including perfect competition and monopoly. You will explore topics such as the impact of taxes and subsidies on consumer and firm behavior, the impact of mergers on market prices, and the economic determinants and potential solutions to environmental problems. Welcome to the Moodle Features Demo Course This is not how you should lay out a real course, we are organising by Activity type here just to help you find examples of different features. We start by looking at the decision making of individual consumers and ask how these decisions can be optimized or improved. Learn how supply and demand determine prices, how companies think about competition, and more! Learn more about how to file a complaint about a distance program or courses. An analysis of the principles underlying the behavior of individual consumers and business firms. You can take microeconomics courses through a degree program in economics or business or as electives while majoring in another area. The author provides a clear account of the main ideas … Study how consumers and firms make decisions and demonstrate how policy changes can impact their choices. Microeconomics Online Course for Beginners Does the … Paola said: This is a beautiful graduate level microeconomic textbook. Copyright © Central European UniversityPostal Address Austria: Central European University Private University | Quellenstraße 51 | A-1100 Wien, Austria | Vienna Commercial Court | FN 502313 x CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020. If classroom teaching is allowed, the student is expected to make every effort show up in the classroom. "Topics include minimum wages and employment, food stamps and consumer welfare, economics of risk and safety regulation, the value of education, and gains from international trade News forum. News forum. The course can be followed online if the student has a valid reason (approved by the program director) for not being able to show up for class. Learn the concept of market efficiency and how market imperfections can reduce the efficiency of the marketplace. Grading: This is a one-semester course in microeconomic theory designed for MA students. The purchase of the physical copy of the textbook is optional. We start by looking at the decision making of individual consumers and ask how these decisions can be optimized or improved. News forum. This course covers the foundations of microeconomic theory, focusing on the behavior of individuals, firms, and the interaction of both in the marketplace. If classroom teaching is allowed, the student is expected to make every effort show up in the classroom. The course consists of two parts. This course presents the basic analytical tools of microeconomics. Content. Yes, I do want to communicate with American University via SMS. Strict protocols apply to both Vienna-Quellenstrasse and Budapest-Nador campuses, Be familiar with the extensive and normal forms of games, Know and be able to apply the concepts of Nash equilibrium and subgame perfection, Understand the basics of static and finite dynamic games of complete and incomplete information, Understand sequential rationality and weak Perfect Bayesian Equilibria, understand basic models to capture various types of asymmetric information, Spot when asymmetric information is an important aspect of an economic situation. Intermediate Microeconomic Theory ECON 306 | 3 Credits. This course presents the basic analytical tools of microeconomics. | 1051 Budapest, Hungary, Covid-19: As of Nov 3, CEU has moved to online-only classes. They were developed over five years of teaching MSc Economic Theory I in the School of Economics at the University of East Anglia in Norwich, UK. Keep up with the latest happenings, news and accomplishments at American University. Part I covers the basics of non-cooperative game theory. It examines forms of market structure and how these impact firm behavior. We hit the traditional topics from a college-level microeconomics course. They are typically available at the undergraduate level, but some graduate level courses are available, usually pertaining to microeconomic theory. The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well. Grading guidelines found on that course 's `` Other versions '' tab automated! Ask how these decisions can be optimized or improved is based on notes... The objective is to provide students with a thorough introduction to central themes and results advanced! The most powerful model in economics program Director developed this course considers a of! Vienna-Quellenstrasse and Budapest-Nador campuses Section 8WK • 11/08/2019 to 04/16/2020 • Modified.... 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