Overview
Neoclassical theories of demand, supply, and equilibrium at a level that permits rigorous analysis. Topics include the existence theorem of utility functions, properties of demand and supply functions, dynamic choice for producers and consumers, risk and uncertainty in competitive markets, and the existence and optimality of competitive equilibrium.
Offerings
S1-01-CLAYTON-ON-CAMPUS
Requisites
Prohibition
Rules
Enrolment Rule
Contacts
Chief Examiner(s)
Dr Filip Premik
Learning outcomes
On successful completion of this unit, you should be able to:
1.
gain a deeper understanding of microeconomic analysis acquired during undergraduate training
2.
undertake rigorous analysis of microeconomic issues, including the determinants of relative prices and their effects on resource allocation
3.
learn some more advanced analyses going beyond the traditional model and taking account of some real-world complications
4.
acquire proficiency in handling optimisation problems and have a basic understanding of general equilibrium analysis.