Advanced Microeconomics I

Recommended Prerequisites

Intermediate Microeconomics and Mathematics

Teaching Methods

Face-to-face lectures on all topics of the syllabus, including illustration and problem solving. Homework exercises are assigned to students on a weekly basis and are given back with student-specific solutions.

Learning Outcomes

1. Understand the modern microeconomic literature; and

2. Perform either empirical or theoretical analysis in either a professional or academic environment.

Work Placement(s)

No

Syllabus

1. Consumer theory: preferences, indirect utility and expenditure functions; Marshallian and Hicksian demand functions; duality; revealed preferences

2. Producer theory: technology; production and cost functions; duality

3. Partial equilibrium

4. General equilibrium. Walras’ Law

5. Welfare theorems. Pareto efficiency. Edgeworth diagrams. Social welfare functions

6. Externalities and public goods. The Coase theorem. Pigouvian taxes

7. Choice under uncertainty

8. Economics of information: adverse selection and moral hazard

Head Lecturer(s)

Paulino Maria Freitas Teixeira

Assessment Methods

Assessment
The continuous evaluation is based on homeworks (30%) and one written test (70%) : 100.0%

Bibliography

Obrigatória:

Mas-Collel, Whinston e Green . 1995. Microeconomic Theory, Oxford University Press

Complementar:

Jehle, G. A. e P. J. Reny. 2001. Advanced Microeconomic Theory. Addison Wesley;

Kreps, David. 1990. A Course in Microeconomic Theory, Harvester-Wheatsheaf;

Ok, Efe A. 2007. Real Analysis with Economic Applications, Princeton University Press.

Rubinstein, Ariel. 2006. Lectures in Microeconomic Theory : The Economic Agent, Princeton University Press.

Artigos científicos seleccionados pelo professor