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prof. Nikita Piankov Spring, 2000/2001 Description: The purpose of this course is to gain deeper understanding of the consumer theory. We would establish the link between choice and preference approaches, study the properties of consumer choice, as well as the implications of individual choice for aggregate demand. We will then proceed to study the general equilibrium theory, the questions of existence and uniqueness of the equilibrium, and the welfare properties of equilibrium. Textbook: A.Mas-Collel, M.Whinston, Y. Green, "Microeconomic Theory", 1995. Course Outline: 1. Consumer Theory. Choice and Preferences. Chs. 1-3 2. Aggregate Demand. Ch. 4 3. Production (Review). Ch. 5 4. General Equilibrium and its Welfare Properties. Chs. 15-17 5. Core and Walrasian Equilibria. Ch. 18 Course grade: There will be about 6 problem sets which students are required to hand in. The final grade will be constituted of problem sets (1/3) and the final exam (2/3). Office Hours: Tuesday, Thursday (by request, email npiankov@nes.ru). |
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Economics
of Transition Elements
of the Economics History
of Economic
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