Fall 2026

Advanced Microeconomic Theory I

ECON 805 covers advanced microeconomic theory, focusing on economic behavior under uncertainty, risk measurement, asset pricing, and incentive mechanisms.

offering recorded3 credits
Recorded instructors · Fall 2026 Marzena Rostek3.9/5Lones Smith

Summary

1 / 6

Historical reviews of Antonio Penta: Students report high difficulty, noting that understanding requires significant effort in reading lecture notes and papers.

Grade history

average GPA
letter grades
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AB
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All recorded terms · compare terms & instructors

Prerequisites

Course map

Graduate/professional standing

  • Graduate/professional standing
ECON 805

This is a best-effort interpretation; check the catalog requirements above.

Prerequisite text tree
  • Graduate/professional standing

Professors

Fall 2026
/5Adjusted rating
/5RMP difficulty
captured reviews
About this rating

Raw average: 4.56/5 from 9 quality ratings. The adjusted rating blends this with the UW review average (3.66/5), weighted as 20 additional ratings. Smaller samples stay closer to that average. Each captured review is counted once in the prior; this does not correct who chooses to leave a review.

RMP profile ↗ · All captured review dates; profile matched by name.

Recent recorded grades — Fall 2006: 4.00 GPA, 100.0% A/AB (n=10 letter grades); Fall 2020: 3.75 GPA, 100.0% A/AB (n=6 letter grades). Includes jointly taught sections.

Recent recorded grades — Fall 2018: 3.83 GPA, 100.0% A/AB (n=9 letter grades); Fall 2020: 3.75 GPA, 100.0% A/AB (n=6 letter grades); Fall 2021: 3.64 GPA, 71.4% A/AB (n=7 letter grades). Includes jointly taught sections.

Historical instructors & teaching patterns

Antonio Penta, a historical instructor, provided extremely insightful lectures that were sometimes difficult to follow due to their complexity. Reviewers noted that while the material was challenging, students learned significantly by reading lecture notes and papers, resulting in a great class overall.

ANTONIO PENTA is recorded teaching in Fall 2011, Fall 2012, Fall 2013, Fall 2016. Recorded history may be incomplete and does not establish a future schedule.

LONES SMITH is recorded teaching in Fall 2010, Fall 2014, Fall 2015, Fall 2018, Fall 2020, Fall 2021. Recorded history may be incomplete and does not establish a future schedule.

MARZENA ROSTEK is recorded teaching in Fall 2006, Fall 2020. Recorded history may be incomplete and does not establish a future schedule.

Recorded history may be incomplete and does not establish a future schedule.

Calendar & sections

Fall 2026

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SectionModeEnrolled / capacityWaitlist
LEC 001Classroom Instruction8 / 120

Times are Central. Select a meeting for details; export includes recorded dates for the selected sections. Enrollment reflects scan time.

Meeting source records

Student experience

the class

Historical reviews describe the course as insightful and great overall, though lectures can be difficult to follow due to their complexity.

Recent recorded grades — Fall 2021: 3.64 GPA, 71.4% A/AB (n=7 letter grades); Fall 2024: 4.00 GPA, 100.0% A/AB (n=6 letter grades); Fall 2025: 4.00 GPA, 100.0% A/AB (n=7 letter grades).

difficulty & workload

Historical reviews of Antonio Penta: Students report high difficulty, noting that understanding requires significant effort in reading lecture notes and papers.

Historical reviews of Antonio Penta: Reviewers found the class rewarding, stating they learned a lot despite the challenging nature of the material.

Topics

  • Economic behavior under uncertainty
  • Measure of risk
  • Information structure
  • Stock market and asset pricing
  • Insurance theory
  • Asymmetric information and incentive mechanisms

Skills

  • Measuring risk in economic contexts
  • Analyzing information structures
  • Understanding stock market and asset pricing
  • Applying insurance theory
  • Analyzing asymmetric information and incentive mechanisms

Grades

Latest available · Fall 2025— not enough history to project Fall 2026.

average GPA
A / AB grades
letter grades
Instructor

Grade distribution · % of letter grades

A
AB
B
BC
C
D
F

Grades over time

Through Fall 2025

More grade details Grade mix, volume & source data

Not enough comparable courses for Fall 2026 in UW–Madison.

Sources & history

UW–Madison

Catalog & offerings

Descriptions, prerequisites, and recorded course offerings.

Catalog observation history

Observations at scan time; dates do not imply when a catalog change took effect.

Selected offering source records
ECON 805 · Fall 2026

Advanced Microeconomic Theory I

Recorded 2026-09-07
Raw records
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    "course_id": "ECON 805",
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    "term_id": "1272",
    "source_course_id": "005774",
    "source_subject_id": "296",
    "title": "Advanced Microeconomic Theory I",
    "credits_min": 3,
    "credits_max": 3,
    "typically_offered": "Occasionally"
  }
]
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Student reviews

Original comments behind the course and instructor summaries.

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Grade history

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Model outputs & technical records
nvidia/Qwen3.6-35B-A3B-NVFP4
LLM outputs across runs
Full model traces

Recorded model configuration, reasoning, and tool conversations.

Model & dataset provenance
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