ECON 513: Microeconomics II

In this course, we will focus on general equilibrium of competitive markets, efficiency conditions and welfare theory, how markets fail including externalities and public goods, and how societies address these failures (government interventions). We will also look at decision making under uncertainty, focusing on expected utility theory and endogenous probability. Last, we will examine the fundamentals of game theory and the theory of strategic interaction between people. 

Syllabus

Homework
Exam Materials
References