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ECON 511 Microeconomic Analysis 2010

This document provides a course outline for Econ 511: Microeconomic Analysis at LUMS. The instructor is Mushtaq A. Khan and the course will cover topics including optimization theory, producer theory, consumer theory, choice under uncertainty, and general equilibrium over 28 sessions. Students will be evaluated based on quizzes, a midterm exam, assignments, and a final exam. The course is intended to provide master's students a foundation in microeconomics theory and methodologies.

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Sardar Aftab
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291 views3 pages

ECON 511 Microeconomic Analysis 2010

This document provides a course outline for Econ 511: Microeconomic Analysis at LUMS. The instructor is Mushtaq A. Khan and the course will cover topics including optimization theory, producer theory, consumer theory, choice under uncertainty, and general equilibrium over 28 sessions. Students will be evaluated based on quizzes, a midterm exam, assignments, and a final exam. The course is intended to provide master's students a foundation in microeconomics theory and methodologies.

Uploaded by

Sardar Aftab
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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Econ 511: Microeconomic Analysis (Core for MS) Course Outline

Course Instructor: Mushtaq A. Khan Office: Room 251 Telephone Extension: 8078 Email: [email protected] Office Hours: Mondays and Wednesday, 10:30 12:30 or by appointment

Course Description and Objectives: This course provides an introduction to the content and methods of microeconomic theory, designed for the master students in economics program. The specific topics to be covered are optimization theory, producer theory, consumer theory, choice under uncertainty, and general equilibrium. As a part of the master program, this course presumes that students have already taken undergraduate -level microeconomics courses and basic mathematics, such as multivariable calculus, linear algebra, and some basic concepts in real analysis. The course is intended students to establish systematic foundations in microeconomics theory and to be familiarized with economic methodologies so that they can use economic methods in their research.
Texts: Required: Varian, Hal (1992) Microeconomic Analysis, 3rd edition, W.W. Norton. Additional: Mas-Colell, A, Whinston, M.D., Green, J.R. (1995) Microeconomic Theory, Oxford University Press. Jehle, G.A., and Philip J. Reny (2000). Advanced Microeconomic Theory, Second edition, Addison Wesley. Kreps, David M. (1990) A Course in Microeconomic Theory, Princeton University Press. Silberberg, E., and Wing Suen (2000). The Structure of Economics: A Mathematical Analysis, Third edition, McGraw-Hill. McKenna, C.J.(1986) The Economics of Uncertainty,Oxford University Press. Lectures: 28 sessions of 100 minutes each.

Grading: Quizzes Midterm exam Assignments Final exam 15% 30% 15% 40%

Session Schedule: Tentative schedule of the course is given below: Week 1, 2 Topics Optimization theory: unconstrained and constrained Readings Varian Chs. 26, 27. MWG Ch. Appendix 2, 3 Technology, Profit Maximization Varian Chs. 1, 2. MWG Ch. 5 4 Profit Function, Cost Minimization, Duality Varian Chs. 3, 4, 5. MWG Ch. 5 5 Preferences, Utility Varian Chs. 6, 7. MWG Ch. 1 6 Utility Maximization Varian Ch. 7. MWG Ch. 2 7 Slutsky Equation, Revealed Preference Varian Ch. 8. MWG Ch. 3 8 8, 9 Midterm Competitive Markets, Monopoly Varian Chs. 13, 14. MWG Ch. 9, 10 Oligopoly, Game Theory Varian Chs. 15, 16. MWG Ch. 11, 12 Expected Utility, Attitude towards Risk Varian Ch. 11. MWG Ch. 6 McKenna Chs. 1, 2, 3. 12, 13 Insurance, Moral Hazard, and Adverse Selection Varian Ch. 11. MWG Ch. 6 McKenna Chs. 6, 7.

13, 14

Theory of Firm under Uncertainty, Consumption and Savings under Uncertainty

Varian Ch. 11. MWG Ch. 6 McKenna Chs. 4, 5.

Final Exam

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