Master
2022/2023
Microeconomics II (advanced level)
Category 'Best Course for Broadening Horizons and Diversity of Knowledge and Skills'
Category 'Best Course for New Knowledge and Skills'
Type:
Compulsory course (Applied Economics and Mathematical Methods)
Area of studies:
Economics
Delivered by:
Department of Economics
When:
1 year, 3, 4 module
Mode of studies:
offline
Open to:
students of one campus
Instructors:
Коновалов Александр Викторович
Master’s programme:
Applied Economics and Mathematical Methods
Language:
English
ECTS credits:
6
Contact hours:
36
Course Syllabus
Abstract
Microeconomics II is the second part of the two-semester graduate-level course, which provides a rigorous treatment of microeconomic theory and its applications. We begin with aspects of production and cost that are common to all firms. Then we consider the behavior of perfectly competitive firms – a very special but very important class. We continue with studying of interaction of economic agents within partial and general equilibrium framework and evaluate this interaction from a social perspective. Finally, we study elements of the social choice theory and information economics.
Learning Objectives
- The objective of the course is to provide the students with a thorough knowledge and understanding of the foundations of modern economic analysis. The students will be introduced to the classical results and recent developments in microeconomic theory but the main focus will be on developing their modeling skills and encouraging them to think analytically about real world phenomena.
Expected Learning Outcomes
- TO STUDY HOW PRODUCTION AND BEHAVIOR OF COMPETITIVE FIRMS CAN BE MODELLED
- TO STUDY INTERACTION OF PRODUCERS AND CONSUMERS IN THE PARTIAL EQUILIBRIUM FRAMEWORK
- TO GET FAMILIAR WITH CLASSIC RESULTS OF THE GENERAL EQUILIBRIUM ANALYSIS AND THEIR APPLICATIONS
- TO GET FAMILIAR WITH FOUNDATIONS OF THE SOCIAL CHOICE THEORY
- TO STUDY MAIN CONSEQUENCES OF INFORMATION ASYMMETRIES ON ECONOMIC OUTCOMES
Course Contents
- THEORY OF THE FIRM
- PARTIAL EQUILIBRIUM
- GENERAL EQUILIBRIUM
- SOCIAL CHOICE AND WELFARE
- INFORMATION ECONOMICS
