f7130syl - Economics 7130 Microeconomic Theory I Autumn...

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1 Economics 7130 Microeconomic Theory I Autumn Semester, 2009 Course Description : This course covers the same areas in microeconomics as in your introductory principles and intermediate theory courses, but at a more rigorous graduate level. We begin by examining the technological constraints facing dual profit-maximizing/cost-minimizing producers and the supply and demand behaviors that are governed by the various properties of these constraints. We then turn our attention to understanding the behaviors of budget-constrained, utility-maximizing consumers, in particular the relationships between utility maximization, revealed preference, and demand. We also look closely at the various measures of consumer welfare (e.g. consumers’ surplus). We end the course by examining the various market structures within which producers and consumers interact. We explore the standard structures and implications of perfect competition, monopoly, and oligopoly, which include introductions to welfare and efficiency analysis, price discrimination, and static and dynamic game theory. Course Goals : The ultimate goal of this course is to prepare the Ph.D student for additional courses in microeconomic theory at the graduate level. For masters theory students, this is a “capstone” course, meaning that it completes the student’s study of microeconomic theory at the most rigorous level. Instructor : Arthur Caplan, Room 810 Eccles Business Building, ext. 7x0775, email: [email protected] . My Web homepage address is: http://sites.google.com/site/ajcaplan/ . You will be accessing my homepage periodically throughout the course, primarily to obtain your homework assignments and weekly updates on where you should be with your readings, upcoming exam dates, etc. Office Hours : By appointment. Feel free to contact me either before/after class, by email, or by phone and we will set up an appointment time for anytime you need to meet with me. Required Texts : 1. Microeconomic Theory , by Andreu Mas-Colell, Michael D. Whinston, and Jerry R. Green, Oxford University Press, 1995 (ISBN# 0-19-507340-1). 2. Microeconomic Analysis , 3 rd Edition, by Hal R. Varian, W.W. Norton & Co., 1992 (ISBN# 0- 393-95735-7). Additional Recommended Texts : 1. The Structure of Economics , 3 rd Edition, by Eugene Silberberg and Wing Suen, McGraw-Hill, 2001 (ISBN# 0-07-234352-4). 2.
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This note was uploaded on 01/09/2011 for the course ECON 7140 taught by Professor Kutler during the Spring '10 term at Utah Valley University.

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f7130syl - Economics 7130 Microeconomic Theory I Autumn...

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