MICROECONOMICS 5

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).

Contract Theory

Corruption

Development Economics*

Econometrics-1

Econometrics-2

Econometrics-3

Econometrics-4 (obligotary)

Economic Statistics

Economics of Transition
(elective)

Elements of the Economics
of Transition
*

English

Financial Economics

Game Theory

Growth Theory*

Health Economics*

History of Economic
Thought (obligotary)

International Finance*

Industrial Organization-1*

Industrial Organization-2*

Institutions

International Trade*

Labor Economics*

Macroeconomics-1

Macroeconomics-2

Macroeconomics-3

Macroeconomics-4

Macroeconomics-5

Macroeconomics-6 (obligotary)

Mathematical Statistics

Mathematics for Economists

Microeconomics-1

Microeconomics-2

Microeconomics-3

Microeconomics-4

Microeconomics-5

Microeconomics-6
(obligotary)

Natural Resources

Non-Cooperative Games

Open Macroeconomics*

Political Economy

Probability Theory

Public Economics-1*

Public Economics-2*

Public Finance*

Research Seminar

Russia in global environment:
past and present (rus)

РЭШ, 117418, Москва, Нахимовский пр. 47, здание ЦЭМИ,
(м.Профсоюзная) 17 этаж, к.1721
Тел: 332 - 4423, 129-3911,
129-1700, факс: 129-3722, nes@nes.ru
NES, Nakhimovsky Prospekt, 47, Suite 1721,
117418, Moscow Russian Federation
Tel: (7-095) 129-3911, Fax: (7-095) 129-3722
05.03.02
Questions? Comments? Ask webmaster