Olena Rarytska | Teaching

Microeconomics Theory II

• Taught: Spring, 2012 - SBU

• Text: Microeconomic theory by Mas-Colell-Winston-Green

Course description: The class is the second part of microeconomic theory PhD core sequence. The focus is on theories of equilibrium and market structure. Topics include general competitive equilibrium, information asymmetries, social choice, principal-agent models and mechanism design

Topics

1. Two-sided matching markets

2. Markets with indivisible goods

3. General equilibrium model

   • • Pure exchange economy

     • Welfare theorems

     • Existence of equilibria

     • Production economy

     • Uncertainty in GE model

4. Adverse selection

5. Principal-agent problem

6. Social choice