ECON-551 Microeconomics
Fall for 2017-2018
Sebastien Gay
This course covers elements of modern microeconomics. It emphasizes the development of skills needed to evaluate the new generation of economic models, tools, and ideas as they apply to recent changes in our economy. Basic tools of game theory, asymmetric information, and modern general equilibrium price formation are introduced and applied to various topics. These topics include consumer and producer choice, decision under uncertainty, and resource allocation under different market structures such as competition, monopoly, and oligopoly. The course also focuses on some newer innovations to the theory, including the role of politics in the determination of economic policy, the impact of spillovers and network externalities in the information economy, and psychological and behavioral factors in individual decision making

For M.A. in Applied Economics and M.S. in Economics Students
Credits: 3
Prerequisites: None

Course syllabi
The following syllabi may help you learn more about this course (login required):
Fall '17: Castanheira M & Kirchsteiger G (file download)
Additional syllabi may be available in prior academic years.

Sections:

ECON-551-62 Microeconomics
Fall for 2017-2018
Castanheira M & Kirchsteiger G
This course by professors Micael Castanheira and Georg Kirchsteiger covers elements of modern microeconomics. It emphasizes the development of skills needed to evaluate the new generation of economic models, tools, and ideas as they apply to recent changes in our economy. Basic tools of game theory, asymmetric information, and modern general equilibrium price formation are introduced and applied to various topics. These topics include consumer and producer choice, decision under uncertainty, and resource allocation under different market structures such as competition, monopoly, and oligopoly. The course also focuses on some newer innovations to the theory, including the role of politics in the determination of economic policy, the impact of spillovers and network externalities in the information economy, and psychological and behavioral factors in individual decision making.
For MA in Political Economy students at Solvay Brussels School.
Credits: 3
Prerequisites: None
More information
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