Prof L Felli, STC. S478 and Dr E Eyster, STC. S475

This course is for students on MSc Econometrics and Mathematical Economics, MSc Finance and Economics (Research) and MSc Applicable Mathematics. The course is available to students on MSc Economics with the permission of the course teachers. It is also available for students on MSc Finance and Economics and to other graduate students with the permission of the teachers responsible and their MSc course tutor/programme director.

The aim of this course is to:
(i) introduce and develop the analytical tools of graduate level Microeconomics with a special emphasis on mathematical models;
(ii) provide the students with a firm grounding in classical Microeconomic Theory as well as its modern development.
Topics include:  Consumer theory, producer theory, general equilibrium, welfare, choice under uncertainty, game theory, oligopoly, economics of information, topics in mechanism design, topics in behavioural economics.

Lectures: 40 hours MT and LT
Classes: 20 hours

Problem sets will be discussed in class and one marked assignment will be given in MT and LT. There will also be mock examinations at the end of the MT and at the beginning of ST.

The main texts are A Rubinstein Lecture Notes in Economic Theory, Princeton University Press and Mas-Colell,  Whinston & Green, Microeconomic Theory, OUP. Other sources include: D M Kreps, A Course in Microeconomic Theory, Harvester Wheatsheaf; Fudenberg and Tirole, Game Theory, MIT Press.

A three-hour written exam in the ST.