### Advanced Microeconomic Analysis

Announcements

**⋅**Course Information**⋅**Textbooks and Learning Resources**⋅**Slides**⋅**Homeworks**⋅**Exams**⋅**Outline**⋅**Links### Announcements

- 2017/06/12: The final exam will be on June 23 from 13:30-16:30 in Boxue 504. It will cover the material after the midterm exam (Chapter 5 and 7, excluding extensive form games) and is written jointly with the other two microeconomics classes.
- 2017/05/22: I will be traveling on Jan. 5, so there will be no class that week. Instead, for the three remaining classes (5/22, 5/27, 6/12), we have changed the lecture time to 17:00 - 20:30.
- 2017/05/22: Next Monday (5/29) is a holiday, so class has been moved to this Saturday (5/27). HW #4 is due at the end of class on that day.
- The midterm will be on April 17. It will be open-book, and cover everything we went over in lecture up to that week.
- The class on April 3 has been moved to April 1.

### Course Information

- Instructor: Ronaldo CARPIO
- Office: 913 Boxue Bldg
- Email: rncarpio@yahoo.com
- Lecture Room & Time: Boxue 504, Monday 18:30-20:50
- Monday 16:00-17:00, or by appointment

This course covers the core microeconomic theory necessary for the economics PhD. We will cover: the basics of constrained optimization; consumer preferences and utility; the consumerâ€™s utility maximization problem; duality between expenditure and utility; uncertainty and risk aversion; theory of the firm; partial equilibrium; general equilibrium; game theory; monopoly and oligopoly.

The language of instruction for this course is English.

### Textbooks and Learning Resources

The primary textbook for the first half of the course is *Advanced Microeconomic Theory, 3rd Ed.* by Jehle & Reny.

A more advanced and mathematically rigorous textbook, for those interested, is *Microeconomic Theory* by Mas-Colell, Whinston, and Green.

### Lecture Slides

### Homeworks

- For Homework 1 (due 3/27 at the end of lecture), please do the following problems in the textbook: A2.9, A2.25, A2.33, 1.3, 1.5, 1.8, 1.12, 1.20, 1.21, 1.27, 1.33
- Solutions to HW 1
- HW 2 Solutions to HW 2
- HW 3 Solutions to HW 3
- Homework 4 (due May 29): in the textbook, do: 7.3, 7.6, 7.10, 7.14, 7.17, 7.18, 4.8, 4.13
- Solutions to HW 4

### Exams

### Course Outline

- 1. Review of Constrained Optimization (Appendix A2.2 & A2.3)
- 2. Consumer Theory (Chapter 1)
- 3. Duality (Chapter 2.1)
- 4. Risk and Uncertainty (Chapter 2.4)
- 5. Theory of the Firm (Chapter 3)
- 6. Partial Equilibrium (Chapter 4.1)
- 7. General Equilibrium (Chapter 5.1, 5.2, 5.4)
- 8. Game Theory (Chapter 7)
- 9. Imperfect Competition (Chapter 4.2)