ECONOMIC THEORY-MICROECONOMICS SEQUENCE

ECON 701

First course in a two-semester sequence covering: consumer theory, producer theory, and markets under partial and general equilibrium, and with externalities or market power. The sequence will include an introduction to decision theory and game theory, and applications to auction theory and partially informed trade. It is expected that students will have completed three semesters calculus (such asMATH 234) and linear algebra (such asMATH 340).

ECON 713

Second course in a two-semester sequence: the theory of market, their efficiency properties, externalities, and the role of prices, and an introduction to the economics of information, including moral hazard and adverse selection.

ECON 901

First in a two seminar sequence on critical discussion of topics in the field of economic theory.

ECON 712

First course in a two semester sequence: commodity, money and labor markets, their components and general equilibrium; intertemporal optimization and growth theory. It is expected that students will have completed three semesters calculus (such asMATH 234) and linear algebra (such asMATH 340).

ECON 714

Second course in a two-semester sequence. Topics include: asset pricing; fiscal and monetary policy; mechanism design, estimation and calibration of business cycle models.