ECO 6122: Microeconomic Theory IV is a graduate-level course in advanced microeconomic theory. The course studies individual choice, consumer theory, producer theory, partial equilibrium, general equilibrium, welfare economics, game theory, public goods, externalities, and the economics of information.
The course is designed for students who already have solid preparation in mathematical economics and calculus. It uses formal models to study how agents choose, how firms produce, how markets allocate resources, and how strategic interaction and information affect economic outcomes.
Main themes include:
• Consumer theory and utility maximization
• Individual choice and demand
• Producer theory, technology, costs, and profit maximization
• Partial equilibrium and market analysis
• Competition, monopoly, and oligopoly
• General equilibrium and welfare
• Game theory
• Public goods and externalities
• Information economics
• Mathematical reasoning, proofs, and model-based economic analysis
The main textbook is Jehle and Reny, Advanced Microeconomic Theory. The course also uses supplementary material from Varian’s Microeconomic Analysis, Nicholson and Snyder’s Microeconomic Theory, and additional lecture notes and readings.