Microeconomic Theory (Masters)

  • Cost Benefit Analysis (eg. marginal vs. global analysis; opportunity costs; dynamic programming, search theory)
  • Rational Choice under Certainty (eg. preferences & opportunities; transitivity)
  • Rational Choice under Uncertainty (eg. expected utility, risk aversion, college application)
  • Static Game Theory with Complete Information (eg. Nash equilibria; zero sum games)
  • Dynamic Game Theory with Complete Information (eg. subgame perfect equilibrium; bargaining)
  • Market equilibrium (eg. Double Auctions, elasticities; the “invisible hand”)
  • Government Intervention (eg. taxes & subsidies, quotas, price floors)
  • Consumer Theory (eg. Income & substitution effects, the law of demand, willingness-to-pay)
  • Producer Theory and Factor Pricing (eg. entry and exit)
  • Multi-market Equilibrium and Trade (eg. comparative advantage)
  • Public Goods (eg. externalities, Pigouvian taxes, the Coase Theorem)
  • Monopoly and Market Power (eg. Inefficiency, Cournot duopoly)
  • Oligopoly Pricing (eg. price discrimination)
  • Asymmetric Information (Bayesian analysis, signaling, lemons markets, auctions)
  • Incentives (eg. moral hazard)
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